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Cost Settings
Learn how to set up your costs and pull in Facebook & Google Ad spend.
How to add Cost of Goods Sold (COGS)
Cost of Goods Sold (COGS) or Product Cost is essentially one big part of your total costs. Simply put, COGS of one product is how much it costs you, as opposed to how much you charge customers (Sales price). With TrueProfit, you can manage your COGS easily. Follow this video tutorial or read below for instructions. By default, TrueProfit syncs Cost per item from Shopify upon installing. Additionally, there are 3 other ways to import COGS into TrueProfi
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How to manage Shipping costs
With shipping cost, you can set advanced rules or stick to the basic settings, depending on your business model. Visit Cost settings > Shipping. Follow this tutorial below. Calculation settings First, set your default rules to calculate shipping cost for every order. You'll see these options: Multiply with quantity for the same product: Applies when shipping fee is proportional to product quantity in an order. For example, an order has the
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How to sync Facebook Ad Spend
Follow along this video tutorial or read below for instructions. Go to Facebook > Integrate Facebook > Connect. You will be required to log in to Facebook account*. After that you'll be redirected to TrueProfit dashboard. You can then choose the ad account(s) relating to your store. Synchronize. *You can add multiple Facebook accounts, not only one. It can take a while to pull in all the data from Facebook.
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How to manage Custom Spend
Can you add and monitor costs like Shopify subscription, Instagram influencers, or even Facebook Ad Agency? With TrueProfit, surely you can. Basically, any costs that don’t fall into other existing categories in TrueProfit will be kept here at Custom Spend. They can be either **Fixed Costs **or Variable Costs. In the Custom Spend page, go to Fixed Costs if you want to set up expenses by inputting predetermined amounts. In contrast, costs under formulas (i.e. costs depending on certain
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How to manage Transaction fees
You can either follow along this video tutorial or read below. An unavoidable part of the eCommerce business is managing the Transaction Fees from payment gateways. The rate between Paypal, Stripe and other gateways can be different. Shopify also charge an additional fee for using external gateways other than Shopify Payments. This is between 0.5% – 2% dependin
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How to sync Google Ad Spend
To pull in data from your Google account, go to Cost settings > Google Ads > Connect. You will be required to log into Google account and grant TrueProfit permission to access your Google ad campaigns. Choose Allow. After that you'll be redirected to TrueProfit dashboard. You can then choose the ad account(s) linked to your store, then click Synchronize. 