If you prefer, InventoryLab provides a feature to calculate your true Total Cost by using our Total Cost Calculator. This allows you to input Discounts, Sales Tax, and Other Costs associated with your purchase.
Activating/Deactivating the Total Cost Calculator
To activate or deactivate this capability, click on your User Name -> Settings.
Click on Advanced Settings.
Select the checkbox next to Total Cost Calculator to turn on this feature. Deselect to turn off.
Using the Total Cost Calculator
If you have the Total Cost Calculator turned on, you will see that the Total Cost box on the List page is grayed out.
Click on the calculator icon to open the Total Cost Calculator.
You can also hit TAB from the Quantity field and the Total Cost Calculator will open automatically!
Input your information into the Total Cost Calculator
- Type in the Cost Per Unit
- Type in any Discount you received off the purchase price
- Type in the Sales Tax percentage you paid
- Type in any additional costs related to your purchase
You can hit the Enter Key or Click OK to save your inputs.
Your Total Cost will now appear in the gray box.