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Tracking Sales

Tracking Sales. Receipt. a written acknowledgment of having received a specified amount of money, goods, etc. . Sales Tax. a tax on receipts from sales, usually added to the selling price by the seller Texas sales tax rate is 6.25% Local taxes raise ours to 8.25%. Return.

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Tracking Sales

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  1. Tracking Sales

  2. Receipt • a written acknowledgment of having received a specified amount of money, goods, etc.

  3. Sales Tax • a tax on receipts from sales, usually added to the selling price by the seller Texas sales tax rate is 6.25% Local taxes raise ours to 8.25%

  4. Return • Customer brings back an item for money back or a different product

  5. Sale • Transfer of property for money or credit • On sale, able to buy at reduced prices

  6. Inventory • a complete listing of merchandise • detailed, often descriptive, list of articles, giving the code number, quantity, and value of each

  7. Markdown • Reduction in the original price • Attract new customers • Help sell merchandise that is not selling (reduce inventory) • Makes room for items that will make more profit

  8. Sample Sales Receipt

  9. Electronic Means for Tracking Sales • Bar Coding • Optical Scanners • Automatic Replenishment Systems • Electronic Data Interchange • Reader-Sorters

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