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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. There are 3 ways to import COGS into TrueProfit: Estimating COGS, entering manually or uploading a .csv file. By default, TrueProfit also sy
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 or read 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 produ
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. After that you'll be redirected to TrueProfit dashboard. You can then choose the ad account(s) relating to your store. Synchronize. It can take a while to pull in all the data from Facebook.
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 or variable costs. In the Custom Spend feature, Fixed Costs are where you set up expenses by inputting predetermined amounts. In contrast, costs under formulas (i.e. costs depending on certain variables) will be tra
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) relati
How to manage Transaction fees
You can either follow along this video tutorial or read below. An unavoidable part of ecommerce business is payment gateway Transaction fees. 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% depending on your Shopify plan.
How to add Handling Fees
It is wise to keep track of any expense that might arise in your business, no matter how minimal it seems. With True Profit, you can now add and monitor the Handling Fees that contribute to the Total Cost. What is the Handling Fee This is the amount that covers all expenses regarding fulfillment, such as warehouse storage cost, shipment cost, and packing cost. Not every product has a handling fee, but once present, the handling fees will give you a more accurate picture of your business
How to manage Variable Costs
Variable Costs are inconstant expenses that your business may incur during operation. Think about this: if you have to pay 5 percent of your revenue as a commission, then this expense is a variable cost. Depending on your business, those costs can be insignificant or not. Still, failure in calculating them may lead to inaccurate financial reporting. With TrueProfit, you can now add and adjust Variable Costs in the Custom Spend feature. How to add new variable costs Go to **Custom Spe