Can Shopify apps separate earnings into different accounts automatically?

InkPoisoning
Visitor
1 0 0

Is there an app that can separate your earnings for you? Like separate a percentage or set amount to set aside into different accounts? I would love to be able to have a software that automatically takes out the cost and separates it from the profit each and every sale. Anyone know of something like this?

Replies 2 (2)

BeProfit_App
Shopify Partner
75 1 4

Hi @InkPoisoning - I'm not aware of any app that automatically measures your profits per sale AND automatically transfers your profits to a specified bank account.

One easy workaround is to use an app like BeProfit Profit Tracker to pinpoint your profit margins, and then transfer the appropriate amount manually.

BeProfit lets you create custom reports so you can zoom in on the data that matters most to you. You can even have those reports emailed to you automatically according to a schedule of your choosing.

You can refer to those reports for your profit margins per sale and then make the appropriate transfers.

With this Shopify profit calculator, you'll be able to:

  • Track your profit history over time
  • Get intuitive visuals and graphs
  • Understand complex business metrics
  • Connect metrics once with smart integrations
  • Spot what factors need improvement to increase profits
  • Make data-driven decisions to optimize your store

Try BeProfit and let us know if you find it helpful. Plus, if you have any suggestions on how we can improve the app, we're always happy to get feedback!

JWag
Tourist
5 0 2

You can open a bank account, to transfer your money into; that will allow you to break your account down into different sub accounts for such things as: owner compensation, operating expenses, profit, and taxes. There are several online banks that cater to small businesses, and allow for making sub accounts. It's an easy way to keep finances easily separated.