Getting started

• Metric Glossary for TikTok Shop

  In this article, you'll find a list of metrics, including their meanings and formulas, for tracking your TikTok Shop on TrueProfit . Tip: Quickly search for the metric you want using Ctrl+F. Metrics in DashboardFew readers

• Onboarding your TikTok Shop on TrueProfit

  Welcome to TrueProfit! We are a platform that helps you consolidate your financial data on TikTok Shop and figure out your ultimate Net Profit metric by calculating all costs for your shop. Firstly, let's ensure you've created a TrueProfit account to start onboarding your TikTok Shop on the app. Click here to go to the Create account page, then enter your email and password to complete this step. Tip: A TrueProfit account can be used to sFew readers

• Setting up Email Reports for TikTok shops

  How to set up Email Reports From the left side menu, in the Store Settings section select Email Reports In the Recipient List section, enter an email, then click Add email. Below that is the Sending frequency section where you can choose tFew readers

Cost settings

• How to set up Cost of Goods for TikTok Shops

  What is Cost of Goods and why you should track this metric? Cost of Goods Sold (COGS) is the direct costs associated with producing or dropshipping the products you sell on TikTok Shop. This includes the cost of materials and direct labor used in creating the product. COGS is an important metric for businesses because it is subtracted from revenue to determine a company's gross profit. Understanding COGS helps merchants calculate net profit, set pricing strategies, manage inventory, and assFew readers

• How to connect and sync Ad Spend from TikTok

  Connecting and syncing ad spend from your TikTok ad account is essential for a clear picture of your shop's Net Profit. Here’s how to connect your first TikTok Ads account: In the left side menu, click on TikTok Ads Click Add account Complete the authorization steps from your TikTok Business account OFew readers

• Setting up Affiliate Commission rate

  What is Affiliate Commission Fees? According to TikTok, Affiliate Commission Fees are payments to affiliate creators for orders they sell. This fee is calculated and shown in your Settlement breakdown using the formula: How TrueProfit estimates Affiliate Commission fee for unsettled orders TrueProfit syncs and reports these fees in your Dashboard and Orders Report as soon as an oFew readers

• Set up Custom Cost for TikTok Shops

  Custom Costs is a feature for you to add more costs to TrueProfit manually. As a seller on Shopify, there might be many different kinds of costs that incur in your store, for example Shopify subscription, KOL/influencers, or even Ad Agencies costs. Basically, any costs that don’t fall into other existing categories in TrueProfit can be created and customized in the Custom Costs feature. In this articleFew readers

FAQs

• Can I add multiple shops to my account?

  Yes, you can add multiple TikTok shops to TrueProfit and track all your finances in one place. Here's how to add more TikTok shops to TrueProfit: In the top bar, click on the switch shops menu Here, you will find a list of your added shops and the button to add a new TikTok shop Finally, complete tFew readers