Net Income and profits

[Dat]

This is a request:

 

Domain sales and server costs are not totally a net income and we should be able to see net profits with all of this. Just like we are entering server costs, we should be able to enter other costs. Perhaps prices that we buy the domains at could be entered.

[Matt]

You can already do this in a way. When you deposit funds into your reseller account, just enter it as an expenditure transaction in Billing > Transactions List. But remember WHMCS is not an accounting package nor does it try to be one. True profit/loss reporting is something you're accounting software will do for you.

 

Matt

[wiz]

As I think, it will be so easy as add a "cost" field for all products definition in whmcs, like the SERVERs have.

 

This will be so simple and help a lot to have more real income value. I know this is not an accounting software, but this is so simply and help.

 

The Servers have this field, why not all the products and domains to make it more consistent ?

 

Thank you! Will love to see this feature.

[Matt]

My thoughts on this are that there is only 1 thing worse than no figure at all, and that's an inaccurate figure. It would be a guestimate at best - and what use is that?

 

If you actually think about it, a cost field is not simple at all. You need to have a cost per billing cycle and per currency, sometimes costs will be in a different currency to the purchase currency so costs can often fluctuate with exchange rates every few days, they often depend on the options selected as well so every product is going to need tens if not hundreds of cost fields you would have to fill out and keep updated. And for what? A figure that would be an estimate of profit, not something you could ever really use or rely on.

 

Matt

[limevps]

As Matt says, for things like hosting it would probably be a completely meaningless figure.

 

That's WHY there are things like accounting software packages! They don't configure cPanel, and WHMCS shouldn't tell you profit.