This guide will introduce you to the features available to you in Profit and Production Costs in the Financial tab of your artwork records.
Profit and productions chart
The projected profit chart will only be shown if an artwork:
- Has a price set.
- Has a purchase price set if it is stock.
- Has a consignor share (% or net value) set if it is on consignment.
- Has a consignee share (% or net value) set if it is consigned out.
Works with a Three-Way Split (On Consignment - Consigned Out) will display:
- Acquisition Cost (inc. consignor share).
- Associated Costs (if present).
- Consignee Share.
- Projected Net Profit.
The profit chart will only be shown if an artwork:
- Has a price set.
- Has been sold.
- If the sale currency and the retail currency are the same. For example, if the retail currency is £, while the sale currency is $, the chart will not show.
- Has a previous status with the value of "Stock" or "Consignment". If you are uncertain of an artwork's previous status, check it's modification history by opening the artwork's edit screen > Other > select Click here to view the modification history. If the artwork's previous status was Ex-inventory | sold, the profit chart will not show.
The profit chart will also only show if a user:
- Does not have the permission 'Disallow access to the profit chart in Artworks edit screens' enabled.
- Does not have the permission 'Hide purchased details' enabled.
The Core Preferences option 'Update unsold edition prices from data edition record' affects the behaviour of the profit chart (Other > Admin > Preferences > Core preferences).
- If 'Update unsold edition prices from a data edition record' preference is enabled and the artwork is an edition record the profit chart will not show.
- If 'Update unsold edition prices from data edition record' preference is not enabled and the artwork is a data edition record the profit chart will not show.
Click here to learn more about the differences between data edition records and edition records.