The Inventory Report shows a snapshot of your inventory at any given time. As long as Thrive was installed for the time the report is being run, we can tell you exactly what you had on the shelves.
The Inventory Report will show your total value (cost) of inventory.
To get started, enter the point in time you want the report generated for, or select from one of the presets. The inventory report will be generated for a specific moment in time, vs. a Sales Report where you might want to see a range (whether that's 24 hours, a week, a month, or a year). To see how your inventory has changed over a period of time, we recommend generating an Inventory Change Report.
Once the Inventory Report has been generated, you'll see a screen that looks similar to this:
Use the Filter button, or the Search field to narrow your scope. If using those options, keep in mind that it will affect the numbers in the summary boxes.
The Summary Boxes are the multi-colored boxes at the top of the report that provide a synopsis of certain aspects of the report. Included in this report are:
Quantity in Stock = Sum of In-Stock column
The "Display" button allows you to customize the columns of the report. The available columns include:
In Stock = Units in stock at the specified time
List Price = Current retail price
Cost/Unit = Range of costs applied to the units in stock
Total Value = Total cost of the units in stock
Potential Revenue = In Stock x List Price
Potential Profit = The sum of (Price - Cost) for each unit in stock with a cost
Profit Margin % = (Price - Cost) / Cost, converted to a percentage, of the current lot
Markup* = (Price - Cost) / Cost, converted to a percentage, of the current lot
*Click the "Display" button to enable these options
Products received at varying costs are listed as a range (in the cost column). This is because we calculate cost on the inventory report based on lot cost (not default cost). To spot-check a product to ensure the right cost is being calculated, you can do that in the lot history.
There are a few items excluded from the Inventory Report, including:
Products or services with inventory tracking disabled.
Bundles, since they do not add to inventory value and are comprised of other products (which are included in the report already).
NOTE: If you plan to reverse your bundle/component setups, be aware that you will be essentially starting with a new set of inventory and inventory history for those products. We encourage you to download any relevant reports before making the switch.
Products with null quantity values. This means that there is no value, so it's a blank/empty cell, which is different than zero. Having a quantity of zero means there is some sort of inventory history, so it will still show up on this report.
Downloading your Report
To save your report (or schedule it to run for you), click the "Actions" button. Options to "Schedule this Report" or download as a PDF or CSV will be available for you. For more information on saving and scheduling reports, click here:
Things to Note:
Products with negative quantities in stock do not count against inventory value.
At the bottom left corner of the page, you'll be able to navigate through pages using bottom the arrow buttons.
Show more products per page, by selecting a new option on the bottom-right of the page.
Click on the column heading to re-sort the entire report.
Column totals at the bottom of a report are calculated by summing up column values. This is important because it may differ from the Summary Box value for the same column by a small amount. If they differ, the summary value is more precise, because it does all the math and then rounds at the end, as opposed to the column total, which is adding up already-rounded values.