How to Manage Margin & Cost in Odoo 18 POS | Odoo 18 New Features | Odoo 18 POS | Odoo 18 Release
2In Odoo 18 POS, understanding and managing margin and cost is crucial for maintaining profitability and making informed business decisions. Here's a breakdown of how you can effectively handle these aspects:
1. Setting Up Product Costs:
Standard Price: This is the default cost price for a product, often used for inventory valuation and accounting purposes.
Variant Costs: If you have product variants, you can set specific costs for each variant.
2. Calculating Margin:
Margin Percentage: This represents the percentage of profit on a product's selling price.
Margin Amount: This is the absolute difference between the selling price and the cost price.
3. Enabling Margin Display in POS:
Configuration Settings: Navigate to Point of Sale -- Configuration and enable the Display Margin on Order Lines option.
POS Interface: Once enabled, you'll see the margin percentage and amount displayed on the order lines in the POS interface.
4. Leveraging Margin Analysis:
Sales Orders: Analyze the margin for each product and the overall order.
Product Analysis: Identify high-margin and low-margin products to optimize your product mix.
Pricing Strategy: Adjust pricing to improve profitability and competitiveness.
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