Which report evaluates the profitability of specific products or services in Sage Business Cloud Accounting?

The Gross Margin Analysis report specifically evaluates the profitability of individual products or services within Sage Business Cloud Accounting. This report is instrumental for businesses as it provides insights into the gross profit generated by each item sold. It calculates gross margin by subtracting the cost of goods sold (COGS) from the revenue generated, allowing businesses to identify which products or services are contributing most to overall profitability.

Additionally, the Gross Margin Analysis can help in decision-making regarding pricing, inventory management, and resource allocation, ultimately driving strategic improvements in product offerings or service delivery.

The other reports mentioned serve different purposes. The Accounts Payable Report focuses on outstanding debts and obligations to suppliers, whereas the Depreciation Schedule deals with fixed asset depreciation over time. The Budget vs. Actual Report compares expected financial outcomes with actual results, helping to assess overall financial performance against budgeted figures. However, none of these reports are tailored specifically to analyze the profitability of products or services like the Gross Margin Analysis is.