• Product Cost | 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 imporPopular

• 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 Calculation Shipping Cost Follow this tutorial. Calculation settings First, set your default rules to calculate shipping costs for every order. You'll see these options: Multiply with quantity for the same product: Applies when the shipping fee is proportional to product quantity in an order. For example, anPopular

• Setting Up Costs

  TrueProfit can help you track profit and all kinds of financial metrics in real time. In order for us to show you the correct numbers, first you need to properly set up your cost structure. Here's how to do it. Or jump to the section you want to explore: Set up Cost of Goods Sold. Connect ad platforms (https://help.trueprofit.io/en/article/how-to-add-ad-platforms-and-sync-youPopular

• How to Set Up and Manage Custom Spend

  Custom Spend is where you can add and monitor extra costs, for example Shopify subscription, Instagram influencers, or even Facebook Ad Agency. Basically, any costs that don’t fall into other existing categories in TrueProfit can be configurated in the Custom Spend setup. In this article: How to set up Fixed Costs How to set up Metric-based Costs Custom Spend Categories There aSome readers

• 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% dependinSome readers

• How to Add Ad Platforms and Sync Your Ad Spend

  To automate syncing the ad spend from your ad accounts, you need to connect the ad platform with TrueProfit. In this article, we'll show you how to connect with these platforms: * Facebook Ad * Google Ads * TikTok Ad * Bing Ad * Snapchat Ad * Amazon Ad * Pinterest AdSome readers

• Product Cost | How to Add Handling Fees

  Handling fee include all the expenses that might arise in your business, no matter how minimal it seems. By default, Handling Fees are counted as 0 until you make an edit. All handling fees will be calculated in the Product Cost and Total Cost, which you can view in the Product Dashboard. What is 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 onceFew readers

• How to Integrate Shipping Platforms Into TrueProfit

  At the moment, TrueProfit supports integrations with 6 shipping platforms: Shippo ShipStation Shipwire ShippingEasy ShipBob ShipheroFew readers

• FAQ: What if my store currency differs from my ad account currency?

  If your Shopify store and Facebook/Google ad account(s) use different currencies, TrueProfit will automatically convert everything to your store currency. The exchange rates are updated daily and based on data from openexchangerates.org. In case you want TrueProfit to display a different currency, choose the currency to be displayed on the top right corner.Few readers

• FAQ: Can I import shipping settings from Shopify?

  No, shipping rates in Shopify and shipping costs in TrueProfit are different. Shipping rates in Shopify are the amount you charge customers for shipping, while shipping costs in TrueProfit are the costs you need to pay in order to deliver your products.Few readers

• FAQ: How can I set shipping cost as 0 (free shipping)?

  You can set shipping cost as 0 in Default Shipping. Then to make sure this shipping cost also applies to past orders, click Re-calculate Shipping Cost.Few readers

• FAQ: How do I change costs in orders in the past?

  All new changes to COGS, shipping and transaction fees will take effect immediately, but they won't affect your previous costs in past orders. Should you want to also update those cost in the past, simply follow this: Apply new COGS to all orders (past and future) In Cost settings COGS, under each product you will find a button called Recalculate Product Profit. First enter the new cost in the COGS field, then click on that button to apply new COGS to all orders involving this productFew readers

• FAQ: What if I can't connect with Google Ads?

  Go to this link https://myaccount.google.com/permissions, find the app TrueProfit and choose Remove access. Then in TrueProfit, visit Cost settings >Google ads >Connect to reconnect with Google ads.Few readers

• FAQ: How do I change sale prices in TrueProfit?

  Sale prices are pulled in automatically from Shopify. In case you need to make changes to sale prices, you'll have to do it on Shopify dashboard. TrueProfit will then update accordingly.Few readers

• FAQ: How can I remove deleted products that still show in COGS?

  Even when you've removed a product/variant, it might still relate to some orders in your store. Therefore we have to handle them manually. Please contact us for manual support and we'll be glad to help.Few readers

• Product Cost | Edit and Set Quantity Break for Product COGS

  By default, TrueProfit syncs the COGS from your Shopify admin and apply it in cost calculations. You can manually edit and update the COGS for your products in the Product Cost settings. However once you've updated the COGS in TrueProfit, the app will stop syncing data from Shopify for that product. In this article: 1/ Fixed COGS 2/ Price range COGS 2.1/ Quantity break for COGS at the Variant level (3-1-quantity-break-for-cogs-at-the-vaFew readers

• Ad Spend | How to get Revenue (UTM) for per Ads spend channel

  The Revenue (UTM) is pulled from the orders on Shopify report that have UTM campaign source. Importantly, your campaign URL need to be inserted UTM source to Shopify gets it to their report. Please refer to the Shopify's articles for more information about UTM source: https://help.shopify.com/en/manual/orders/conversion-summary https://help.shopify.com/en/manual/online-sales-channels/shop/analytiFew readers

• How to Edit Order Cost in Bulk

  This feature helps you edit the Shipping cost, Total COGS, and Handling fee in a one-time upload. Here's how to use the Import and Bulk edit features in Order Cost. Exporting and Importing Order Cost Choose the date range inwhich you want to edit the order cost Click Export to download the CSV file In the CSV file, update the Shipping cost, Total COGS and Handling fee for the orders you want Click Import to upload the file back to TrueProfit and updaFew readers

• Set Up Calculate Rule for Refund Same Day as Order

  In Report Settings Profit Config, we just released the option Calculate the refund same day as order. If you check on it: the refund will be calculated on the created order day If you uncheck on it (default): the refund will be calculated on the refunded order day After changing setting about it, the metrics such as Revenue, Net Profit will be changed on the Profit Analytics. PleaseFew readers

• How to set up custom costs for specific orders using order tag

  You can set up Custom Costs for specific orders in your store using Order tags on Shopify. Learn more about Order tag on Shopify here. Note that this feature is only applicable for Metric-based Custom Costs, as TrueProfit with deduct the custom cost from the order's revenue. How to create custom costs for selected orders Make sure you've created an order tag on your Shopify Admin and applied it to the orders of your choiceFew readers

• Taxes & Duties | How to Set Up and Manage Your Taxes Paid

  The Taxes and Duties page is where you can set up the tax costs you pay to your government. Taxes paid are considered a cost to your business. Once taxes are set up in TrueProfit, you can start tracking all your costs more accurately and easily. What are the differences between Taxes Collected and Taxes Paid in TrueProfit? Taxes Collected is the amount you charge in each order to your customer; it is calculated as an income. TrueProfit will pull this metric from your Shopify AdmiFew readers

• Set Up Shipping Cost by Weight

  We would love to bring a new feature to assist you tracking your cost properly. Shipping cost by weight feature helps you calculate the shipping cost based on order's weight. The weight of product will be pulled from your Shopify admin. Setting shipping cost by weight will be available on our Advanced and Ultimate plan Shipping cost by weight True Profit now allows you set up the shipping cost based on geography and weight. We will calculate it followed by order's weight from your ShopifyFew readers

• FAQ: How to import COGS & Handling fees by .csv file

  This method is suitable for stores with a large number of products. Beside inputting COGS or Handling fees directly on site, you have the option to upload a .csv file. This comes in handy when you have hundreds of product and need a way to copy/paste product costs quickly. To do this, first you need a template containing all products in your store. In Cost settings COGS, find the Export COGS button. Click to download the .csv file. Make changes to the COGS column or Handling fee coSome readers