Calculating the cost of labor in reporting.

WallinWallin Member Posts: 2
Has anyone figured out a good way to assign a cost to labor so your reporting comes out more accurately. Currently the "Total Profit" will show labor at 100% profit when in actuality I'm paying a tech to wrench on stuff and that tends to dig into profit a bit.

2 comments

  • mamchalemamchale Member Posts: 2

    Did this ever get sorted? We treat labour as an inventory item, so you can do this. I can;t see a way to have set labour items, like products. The problem with treating labour items like products is that you can't mark them as finished!!

  • VanessaDVanessaD Moderator, Lightspeed Staff Posts: 202 moderator

    Hey @mamchale and @Wallin

    If your labor rates are always the same, fixed value based off of the price of the labor to the customer; (example:  If we are told what the cost per hour or every slice or 100$ is equal to a 25$ cost )

    This would be possible with the help of a custom-calculation. You could use a Calculation for if the Category is Labour, consider the total to be, say, 75% in this example. Then push backwards to re-defining the Profit


    There are two limitations with this:

    1) Labour is usually more nuanced than that, it might vary by employee or by sale. This would be a lot more complex of a build as a customized calculation than the above.


    2) The all profit in Retail is that it's line item profit not "Pure" profit.


    Let us know if you have any questions on this!

    ———


    If you have any further questions Please do not hesitate to contact LightSpeed support or check out our Support Page.


    Cheers!


    Vanessa D.

    Lightspeed Retail Support

    866-932-1801 ext. 2 (Toll-Free)

    514-907-1801 ext. 2 (Montreal)

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