Glossary

Definitions as the reports use them. Where a term is calculated, the calculation is described in plain terms rather than in formula form.

Periods and comparisons

Term	Meaning
Loaded data	Everything up to the end of yesterday. Settled and complete.
Live data	Today’s trading, arriving through the day. Measures that include it are labelled "incl. Live".
Trading day	The day as your site defines it, not midnight to midnight. In the demo it runs from 5:00 a.m., so late-night trade counts against the day it belongs to.
Last Year	The same date last year. Used for monthly and longer comparisons.
Same Day Last Year	The same weekday last year. Used for daily and weekly comparisons, because a Saturday is not comparable with a Tuesday. Mixing the two is the usual cause of a variance that looks wrong.
WTD / MTD	Week to date and month to date — the period so far, not the whole period.
Relative Week / Relative Month	A slicer that sets the date range for you: This Week, Last Week, This Month, Last Month.
Data as at	The timestamp showing when the reporting data last loaded. Taken from MyIQ’s clock, so it is the same for every user in every timezone.

Sites and structure

Term	Meaning
Site	A trading location — store, branch, outlet or venue. Your reports may use your own word for it.
Region	The geographic grouping used for roll-ups and for benchmarking a site against its peers.
Reporting Group	Your organisation’s own grouping of sites above region — brand, area or franchise group.
Site Type	The classification used to compare like with like.
Location	A sub-area within a site, where sites are split that way.
Department	The operational split within a site. FOH and Kitchen for hospitality; retail sites use their own.
Site security	The rule that limits each user to the sites they are entitled to see. Applied to the data itself, so every total respects it.

Sales

Term	Meaning
Sales	The headline sales figure for whatever is currently filtered.
Transaction Count	The number of sales transactions — bills, dockets or baskets.
Average Spend / Basket Average	Sales divided by transaction count. The average value of a sale.
Average Spend Per Bill	The same idea at staff-member level, on Sales by Staff.
Quantity	Units sold, counted at the scanned or rung-up item.
Category Type / Category Group	The two levels of the product grouping used in the sales reports — Beverage, Food and Other at the top, then the groups within them.
Price Level	The point-of-sale price level on a transaction. Level 1 is retail; everything else — staff, wholesale, account — is non-retail.
Daypart	Breakfast, Lunch, Dinner, Late Night. Used to split revenue on the Daily Report.
Period Hour	The hour of the trading day, used for hourly analysis.
Surcharge	A public-holiday or service surcharge, reported as its own line rather than being folded into sales.
GST Exclusive / Inclusive	Whether the figures shown include GST. Reports state which basis they are on, and some let you switch.

Targets and projections

Term	Meaning
Target	What the site was aiming for. Your organisation may call it Budget or Forecast; the reports use your word for it.
Target Sales	The sales target for the period in view. Shows "Not Set" rather than zero where no target has been loaded.
Projected Sales	Where the period is heading at the current trading rate. Used where no target exists.
Target / Projected Sales	A single figure showing the target where one exists and the projection where it does not, so a mixed group of sites still totals correctly.
Target Variance %	How far ahead or behind target the site is. Green is ahead, red is behind.
Budget cut-over date	The date your organisation’s budget basis changed. Reports apply the right set of figures either side of it.

Gross profit

Term	Meaning
Cost of Goods Sold (COGS)	What the goods sold cost to buy.
Gross Profit	Sales less cost of goods sold. Whether supplier scan rebates are included is a setting rather than a fixed definition, so state which basis you are quoting.
Gross Profit %	Gross profit as a share of sales.
Scan rebate	A supplier rebate earned on scanned product. Reports can include or exclude it from gross profit.
Zero COGS	Products with no cost recorded. Their gross profit is meaningless, so reports can hide them rather than let them distort a total.
Contribution Margin	Gross profit after wage cost.
GP Opportunity	The dollars a site would have earned had it achieved the regional or national average gross profit percentage. A coaching figure, not an accounting one.
Show Gross Profit	A per-site setting. Sites without reliable cost or stock control are excluded from GP reporting rather than reported inaccurately.

Labour

Term	Meaning
Wage Cost	What the hours worked cost, including accrued entitlements. Higher than hours multiplied by rate.
Wage %	Wage cost as a percentage of sales.
Rostered Wage Cost	What the published roster was planned to cost.
Rostered Wage %	Rostered cost measured against target or projected sales.
Actual / Rostered	A combined column: actual for days worked, rostered for days still to come.
Budget Wage Cost	The wage target loaded for the period.
Wage Cost Variance	Actual against rostered. Negative means you spent less than you rostered.
Hours Worked	Paid hours on the floor, from timesheets.
Sales Per Labour Hour	Sales divided by hours worked, excluding annual and sick leave hours.
Break Minutes	Unpaid break time deducted from a shift on the Timesheets detail.

Payments and discounts

Term	Meaning
Bill	A single customer transaction — the docket or check.
Payment Type	How a sale was paid for: EFTPOS, cash, card scheme, account and so on.
Sales Payments Variance	The difference between sales rung up and payments taken. Zero means the site balanced.
Tips	Gratuities recorded against a payment, reported separately from sales.
Discount Type	The reason code applied at the point of sale. "None" is undiscounted trade rather than a discount type.
Operator / Staff Member	The till operator recorded on a transaction.

Multi-site comparison

Term	Meaning
Like for Like	A comparison restricted to sites that traded across the whole of both the current and the comparison period, so growth is not flattered by new sites or dragged down by closures. Most figures in the suite are on this basis by default.
Regional / National average	The peer figure a site is measured against — the region or the whole network, averaged per site rather than totalled.
Demo Mode	A setting that anonymises site names for demonstrations. It is why the screenshots in this guide say "Site 10" rather than a real venue name.