Vintro Pro
NL · FR · EN
Vintro Pro
NL · FR · EN
Add up the purchase prices, not the asking prices. That is the figure everyone asks for.
Add up what you paid for the pieces still standing. Not your asking prices: those are an expectation, not a value. You need that figure for your year-end accounts, and it is also the denominator of your stock turnover.
What you add up
Yes
What you paidfor the pieces still standingNo
Your asking pricesthose are an expectation, not a valueYou need that figure for your year-end accounts, and it is the denominator of your stock turnover.
That is why recording the purchase price per piece is not an administrative burden but the foundation: without that figure per piece there is no stock value, no turnover ratio and no margin.
One figure per piece, and everything follows
The foundation
The purchase price per piecewithout that figure there is no
For a second-hand business this number says more than turnover. It is the money sitting on your shelves today instead of in your account — and therefore also what you free up by tackling your dead stock.
Divide the purchase value of what you sold in a period by the average purchase value of your stock over that same period. Use purchase prices on both sides: dividing selling prices by stock valued at cost makes your turnover artificially high. Calculating once a quarter is enough for most businesses.
No. The temptation to delete a row as soon as something sells is strong, but that is precisely the moment you need it: the purchase price and date are your evidence for the margin, so keep them until well after the sale. In the UK six years, in Belgium seven; in France ten years for an electronic register, from each entry (R321-6-1), and five years for a paper register, from its closing (R321-6).
Vintro Pro keeps, per piece, what you paid, when, and where it came from. Your stock list and your margin VAT build themselves while you work.
30 days free, no card number.