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How to customize Budget vs. Actual Report to add Gross Margin?

edited May 17, 2023 5:25AM in Ask A Guru 3 comments

Hi, I have a question with the gross margin % as it relates to standard of inventory. If there's a standard cost update of inventory at the end of the year or quarter. What will the update be as it relates to future gross margin %?


Example: If we're at the end of the year 2022 and had a 10% increase on our inventory valuation but the sales price did not change. for 2023 budget would it know that we will be making less GP%?

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