Final Profit Margin Calculation or Report

[storefront]

Does anyone know how I could obtain (or perform) a year's end final profit margin calculation?

The issue is the following: we aim to sell at full price. If that was the case our profit margin would be 70%. But that is not the case. Inevitably during certain occasions we offer 10, 15, and 20% discounts which eat into our profit margin. So how can we get a final computation (report) so as to know what our profit margin turns out to be at the end of the year?

Thank you for any pointers!

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[Report-Pundit]

Hello @storefront,

I am John from Report Pundit app.

With Report Pundit it is possible to know the profit margin at the end of the year. You can minus discounts with full product price and see the final margin. Our support team can create the report for you.

You can also generate the report and know the sales of each discount code.

Contact us at support@reportpundit.com or our live chat support team for help in creating reports.

Thanks,
John

[BeProfit_App]

Hi @storefront - if an accurate measurement of your gross/net profit is what you're looking for, try BeProfit - Profit Tracker.

It's quick to set up and integrates seamlessly with your marketing platform and even Shopify Shipping so that you can track your profits and expenses with precision.

You can use BeProfit 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!