Shopify/ Printful Net Profit Confusion

New Member
1 0 0

Hey guys,

I'm trying to set up an accounting system for my new Shopify store and I'm confused by the net profit I calculated:

Shopify states I had $592.22 in Total Sales this week. (I am using Shopify shipping and have made it Free for customers and tax only collected from GA customers).

I've paid Printful $318.92 for shirt+ taxes+shipping this week. (COG is about half the sales price of shirt)

My Shopify payout was $296.04 which means I'm about $21 short for covering what I paid Printful for my orders aka I made no profit. 

This also means my Net Sales were $580 and Shopify paid me $296.04, so they pocketed half of my sales? Where did half the money go?