What is Gross Profits?
Gross profit is the total revenue you make from selling your product minus the cost of the goods sold.
For example, if you sell a product for $100 and it costs you $50 to make, your gross profit is $100 - $50 = $50.
Gross profit is a very important metric for companies that sell products, because it is the first step in determining your company's net profit.
Gross profit is a very important metric for companies that sell services, because it is the first step in determining your company's net profit.
How do you calculate Gross Profits in NetSuite?
It can be difficult to calculate Gross Profits directly inside of NetSuite; that's where Causal comes in.
Causal is a modelling tool which lets you build models on top of your NetSuite data. You simply connect Causal to your NetSuite account, and then you can build formulae in Causal to calculate your Gross Profits.
What is Causal?
Causal lets you build models effortlessly and share them with interactive, visual dashboards that everyone will understand.
In Causal, you build your models out of variables, which you can then link together in simple plain-English formulae to calculate metrics like Gross Profits. This makes your models easy to understand and quick to build, so you can spend minutes, not days, on your models.
When you're done, you can share the link to your model with stakeholders. They'll be able to view your model's outputs in a visual dashboard, rather than a jumble of tabs and complex formulae. The dashboards are interactive, letting viewers tweak your assumptions to see how they affect the model's outputs.
Causal lets you add visuals in a single click, letting you plot out graphs and distributions for metrics like Gross Profits.