Understanding the dashboard
The WFM + Xero Cost of Sales dashboard delivers an in-depth analysis of the critical cost components associated with producing or manufacturing your products or services. It provides a detailed breakdown of these costs and how they impact overall operational profitability. By offering a clear view of these financial elements, the dashboard enables more informed decision-making and helps optimise cost management strategies to enhance profitability.
Why is it important?
The Cost of Sales dashboard provides you with the following relevant information:
The dashboard provides a precise breakdown of production and manufacturing costs, allowing businesses to identify and manage expense drivers effectively.
It highlights how various cost components influence overall profitability, enabling businesses to assess and improve the financial performance of their products or services.
By offering a clear view of financial elements, the dashboard supports data-driven decisions and helps refine cost management strategies to boost profitability.
Explore the WFM + Xero Cost of Sales Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
What is included in the cost of sales?
The Cost of Sales includes expenses like raw materials, labor, and overhead costs needed to deliver your service.
How do I calculate the Cost of Sales % of Revenue?
To find the Cost of Sales % of Revenue, divide the Cost of Sales by total revenue and multiply by 100. This shows what portion of your revenue is spent on production costs and helps you understand profitability.
How should I interpret the cost of sales trends on the dashboard?
Look at the Trend Analysis graph to understand cost trends. The "Cost of Sales vs Comparison" view allows you to compare costs for the current period with other periods you can choose from. The "Cost of Sales as % of Revenue" view shows costs as a percentage of revenue, with revenue shown in a bar graph for a clear comparison.