Gaining Insight into Your Business

You work incredibly hard every day to ensure your business runs as successfully as possible. The most tedious task you have to complete is keeping track of your records. You need to keep track of countless numbers of papers and properly manage it all in order to apply it correctly to your day to day activities. You might not have realized that CobaltConnect is gathering up all your business’s sales information. With this information being stored digitally you’ll be able to save more of your valuable time and gain helpful insight into your liquor store. This all can be done in the Reporting Module of CobaltConnect. 

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The Reporting Module is split up into six sections. Your Transactions, Summary Report, Sales YTD, EOD Reports, as well as your Low and Out of Stock products. All these sections are easy to navigate to help you support your business better. The first section is your Transactions History.

Transaction History

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The Transaction History section will help you go back through your records to verify everything if a situation were to arise. You will be able to see the date and time purchased, the Transaction ID, which is a unique product ID from clover. You can also make searches by any of the fields.

Summary Reporting

In the summary report, you will see the total number of units sold for a particular product.  

Sales YTD

When you enter the Sales YTD page you will first see a line graph representing the Sales Year-to-Date. At the bottom of the page, you will see columns for simple data points that will show each month with the number of units sold, the revenue, quantity on hand, as well as the retail and wholesale value.

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CobaltConnect users will benefit from this section the most because the biggest issues you face being a liquor store owner is your year-end inventory audits. Either you have to spend the money to hire a team to complete it or you have to spend weeks counting to know what units you have on-hand. When CobaltConnect is up-to-date this section will give you a true representation of the actual quantity on hand. You will even get true retail/wholesale value to year-end tax reporting. CobaltConnect users have shown a significant reduction and even completely eliminate the need to hire additional part-time workers.

End of Day Reports

In this section, you will be able to see all critical data points. These points will help you get a strong understanding of your business performance day-to-day. End of Day Reports will provide; daily sales totals, discounts, refunds applied that day, taxes, tracking bottle returns, net sales, cost, profit, and your profit-margin percentage. From here you can quickly see your last month’s sales history for your sales tax reporting. You can also download these reports in excel or pdf to send it to your bookkeeper or accountant. 

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