Monitor your sales reports to understand the past, present, and future of your business. You've got questions. We've simplified the answers, so that you can make more informed business decisions.
As a retailer, it is crucial that you develop the habit of accessing reports and understand how statistics play a role in your business’ success. Sales reports can give you an overview of how your business is doing by giving you detailed information on your sales volume. Taking the time to analyze your sales reports on a daily or weekly basis can give you the know-how to boost your numbers.
A revenue report works as a “GPS" for steering your business in the right direction. Select any given period to learn about your total revenue, the number of items sold and average ticket size. These bits of information will help you make better-informed as it gives you a snapshot of your entire operation.
See your profit, notice trends in your margins, and discover new ways to grow your business. The Profit Report shows a graph as well as a list of your revenue alongside the profit made by comparing your sales with the wholesale cost and is organized by day, month, or year.
The average ticket size is the average purchase amount of your business. Kyte calculates it by dividing the overall payment volume and divide it by the number of transactions. This calculation is necessary when analyzing your store's performance and profitability as well as when looking for a new payment processor.
Your best-selling products report breaks down the number of items sold and revenue to help you make better purchasing decisions next time you order from suppliers. It can help you save more money by trying to get a better deal by bulking up on your next order of a top-selling product, or look for patterns based on the time of year.
Generate a list of your top customers based on sales volume and number of purchases. This report can help gain a deeper understanding of your customers' shopping behavior as well as help you reward those who shop with you the most.
