Hello, I am pretty obsessive when it comes to bookkeeping and I just can't wrap my head around the transaction fee and where it should be accounted for. When I look at net sales on the finance summary report, does that include the fees being taken out? More importantly, when I look at my gross profit, does that account for transaction fees, or does that still need to be accounted for?
RE: Finance Report
1. Net sales DOES NOT factor in the Shopify fees
2. Gross Profit DOES NOT factor in the Shopify fees.
To get the fees, you have to go to the Payments tab and export it from there.
The previous reply is correct, all of that stuff is on different screens in Shopify.
If you would like to see fees on a single report along with your orders, you can use our free app Report Toaster. Please feel free to take a look and let me know if you have any questions. Thanks!
Hi @mroberts327 - the BeProfit Profit Tracker app is exactly what you're looking for. You'll get a dashboard that lets you track and analyze all of your profits and expenses including marketing costs, shipping, production, and more (you can manually enter expenses as well). As your question specified, BeProfit also provides detailed reports which you can export, and even lets you create your very own custom reports that focus on exactly the data you want to analyze.
The app is very quick to set up and integrates seamlessly with your marketing platforms and even Shopify Shipping so that you can track your profits and expenses with precision.
You can use BeProfit to:
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! Good luck
It is possible to combine the amount of the order with the Transaction Fee into one report using our Advanced Reports app.
Please let me know if you have any additional questions via email@example.com , and I`ll be glad to answer your questions regarding our app.