Hi - Just getting to grips with Kashflow via the Starter guide, but I am also wondering if there is any general advice anybody could give us regarding the initial way we should set our accounting system up in Kashflow? (I'm thinking if we can get it set up correctly right at the outset, this may save some heartache further down the line). The background:- We are an ecommerce business. We retail the same range of around 200 physical products via our own website, Amazon, and eBay. Basically, what we want from our accounting system (apart from all the usual overall stuff) is to be able to know what our sales and costs are for each product we sell, in each of these sales channels. In other words, in an ideal world, we would like to be able to see what profits Product A earned us between 2 dates, both as a whole (all sales) and by sales channel (i.e. website, Amazon, eBay). In a similar way, we might also want to look at just one channel, i.e. website, and see what all the sales/costs/profits associated with that were for any given period, and then be able to 'drill down' from there into individual products. We were just wondering if this kind of accounts structure would be possible within Kashflow, or really is what we are seeking too sophisticated to allow Kashflow to be used? Where we are meeting practical problems is deciding how to use 'Customer Source' and 'Sales Type' etc. to deliver the kind of analysis outlined above. I guess what we are looking for is some kind of 'blueprint' that we can follow or adapt to set up our accounts with that is ready-made for this kind of scenario. If anybody has anything they think might be useful/helpful to us, we would be mighty pleased to hear from you. Thanks in advance, j. (p.s. I am not an accountant)
One issue we are facing is: do we set up each of our 200 products as its own individual Sales Type? Another problem we have is that if the system is going to be able to tell us our profit/loss on a per-product basis, we need somewhere where we can enter the cost price to us of that product, but i can't quite see how this can be done.