Ever wonder why it’s called gross profit? Well, before it was a synonym for nasty, gross was used in old French as big and then it evolved into English as total. But what’s really gross is that ERPs can’t calculate a crucial gross profit in real time. With NetSuite, you can instantly view this information on a sales order. The sales amount, purchase cost, margin, and margin percent for each line item are tracked. If the rates change, the order will be updated to reflect the new PO rate.
And you can even use these values in searches and reports to automate gross profit-based commission calculations. This means smarter pricing, real-time visibility, and instant analysis right where your team needs it. At Catalyst, we show our partners how to turn NetSuite features into actionable business insight. Check out nscatalyst.com to see how.
