It’s difficult to reconcile figures like Shopify settlements, advertising expenses, and refunds. Is there a more convenient way?
Financial reconciliation basically relies on the system to automatically pull data. For example, the 4Seller I use can automatically synchronize orders, refunds, and handling fees, and can also export reports to the finance department. It can’t completely replace manual work, but it’s much better than manual calculation in Excel.
Hi @CeceliaKim! Yes — financial reconciliation for a store can get messy when you’re juggling settlement reports from Shopify, ad expenses, refunds, and so on. A simpler, more convenient way is to use a tool designed specifically for this kind of reconciliation. One good option is the GoProfit Analytics app.
With GoProfit Analytics, you can bring together data from Shopify payouts/settlements, advertising spend, orders, refunds, and more — all in one place — which makes it much easier to compare revenue vs. costs and track real profit (or loss). 