To make your data easier to understand, Hike breaks down all the activity to these key reports.

All reports share the same fields below.

Outlet

As per all reports, choose the outlet you wish to see from the Outlet drop down menu.

Filter by...

Search & select one or more products, brands, product types, suppliers, seasons or tags to filter your results. This will only provides inventory reports for the particular data you are after.

Date range

Click on the date range box to choose to see data from Today, Yesterday, Last 7 days, Last 30 days, This month, Last month or a Custom range.

Click the APPLY button to data from that date period.

Export

Click the EXPORT button to export the current report you are viewing for the date range selected.

Choose between PDF or Excel (.XLSX) format.

We will now go through the sections available on screen exclusively for Inventory Reports.

Current inventory report

Current inventory report lists details of the current inventory. Use the search box to only display details of a particular product within the date range selected. 

Use the tick box Show low inventory items only (that has reached reorder level) to only display specific data, if you have completed the settings in the Products settings

• Product column
  

• The name of the product / variant, ie shirt, size small
  
• SKU/Bar-code of the product is also listed next to the Product name
  

• Inventory column
  

• The first number listed displays On-hand stock, but if you hover the mouse over this box, will see three units displayed for each outlet, in order of
  
• Current stock available
  
• stock committed on back order, layby or parked
  
• Available stock for sale
  

• Reorder qty column
  

• The preset stock level suggested to reorder when stock levels hit the reorder point (if no settings made, will default to 0)
  

• Reorder point column
  

• The preset stock level suggested to trigger an alert if stock levels ever reached this level (if no settings made, will default to 0)
  

• Unit cost column
  

• The cost of the individual product unit, excluding any taxes. In Hike we use the Weighted Average cost which is the most commonly used when inventory are intertwined. It is the average of all the history cost price.
  
• The formula behind is divide the cost of goods available to sale by the number of unites available for sale. Taking an example if you have a phone accessory store, and you purchase 10 phone cases for $10/unit. Next month, you purchase another 5 phone cases for $5/unit. At the end of the accounting period, you sold 4 phone cases; the weighted average cost will be calculated like this: (10qty* $10/unit + 5qty *$5/unit)/(10qty+5qty)= $8.33/unit
  
• Please Note, the average cost will only be updated based on PO, manually change of the cost price under product detail page or via product file upload will not affect the average cost.
  

• Total cost column
  

• The cost of the total inventory of product units held, excluding any taxes
  

• Retail price column
  

• The retail sale price of the individual product unit, excluding any taxes
  

• Retail value (Ex. tax) column
  

•            The retail sale price of the total inventory of product units held, excluding any taxes.
  

• Retail value (inc. tax) column

• The retail sale price of the total inventory of product units held, including taxes.
  
• 
  NOTE: Current Inventory will only be available for the current date. No past data will be available on this report. Hence, you do not have option to select the time-frame on this report.
  
• 
  

Inventory purchase report

Inventory purchase report lists details of Purchase Order activity. Use the search box to only display details of a particular Purchase Order number within the date range selected. 

• PO# column
  

  The Purchase Order number
  

• Supplier column
  

  The supplier associated with the Purchase Order
  

• Qty column
  

  The original stock level ordered
  

• Qty received column
  

  The actual stock level recorded as received
  

• Cost column
  

  The total cost of the stock on the Purchase Order
  

Inventory adjustment report

Inventory adjustment report lists details of changes to stock level activity, typically by adjusting the stock levels in the Product details. 

• Date column
  

  Date of the inventory adjustment along with the product name and SKU of the product adjusted.
  

• User column
  

  User that performed the inventory adjustment
  

• Adjustment reason column
  

  Details which product was adjusted
  

• Spoilage/Lost cost column
  

  The cost and notes for the Spoilage/Lost product when performing the stock-take
  

• Adjustment column
  

  What the adjustment amount was
  

• Before and After column
  

  What the stock level before and after the adjustment was
  

Cost of goods sold (COGS) report

Cost of goods sold report lists details of the cost of goods sold. Use the search box to only display details of a particular product within the date range selected. 

• Item column
  

  The product name of the item sold
  

• Quantity sold column
  

  The number of units of the product sold within the set time frame
  

• Sale (Ex. tax) column
  

  Displays the amount of money that a company actually receives during a specific period, including discounts and refunds, paid by cash, card, gift card, on account, for the total sales of the particular item
  

• Purchase cost column
  

  The cost price of the individual good, before tax
  

• Average cost column
  

  The average cost price of the individual good. This is applicable when you selected wheighted average cost option in your General settings.
  

• Discounts given column
  

  The monetary total of all discounts applied to that type of product
  

• Spillage / Lost cost column
  

  The monetary total of all losses applied to that type of product due to refunds without returning goods or from inventory adjustments
  

• Gross profit column
  

  Gross profit = revenue - cost of goods sold
  

• Margin % column
  

  The percentage difference between the cost for acquiring products and the selling price