Profit Calculation
Read the opinions of other e-commerce sellers about the best profit tracking and calculation apps and plugins and share your own.
Recent Questions
How is the return on ad spend (ROAS) calculated?
Ive never been particularly good at revenue calculation and wanted to know was ROAS is calculated. Is the ROAS formula complicated or is it simple to understand? If it is a bit complicated, is there maybe an online calculator that could work it out for me? Asked 2 years ago
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1.3k
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What is a good return on ad spend (ROAS) for Facebook ads?
What would be a good estimate for the ROAS of Facebook ads? The higher the return the better, but what is a reasonable figure to expect? Asked 2 years ago
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2.7k
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How are gross margins calculated for eCommerce businesses?
How do people who own eCommerce businesses calculate their gross margins? What factors need to be included that are specific to owning an eCommerce business? Asked 2 years ago
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1.4k
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How can I you calculate ROI for one of my products?
Is it possible to calculate the return on investment for a single product on my online store or can it only be done using overall sales and purchases? Do I need to do it manually or can it be done in an Excel spreadsheet? Asked 2 years ago
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1.5k
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What is the best way to calculate ROI for Facebook ads?
What would be the best way for me to calculate my return on investments for my social media: in particular, Facebook ads? Is there a good ROI for Facebook ads or does it vary from person to person? Asked 2 years ago
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1.2k
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Does Quickbooks sync well with Shopify?
I use Quickbooks for my accounting and financing software and am wanting to sync it with my Shopify store. Does anyone know if it is possible, and if so, if it works well? I want it to integrate seamlessly with Shopify, and am open to trying other recommendations of similar applications. Asked 2 years ago
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788
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Can you recommend a program to import sales figures from my Shopify store?
I have a very small budget for my business and I don't have the capacity for an accountant to keep track of all of my income and expenses. My business would benefit from having software that could do this for me. All of the information I can find has suggested that I export the data into a CSV file that is compatible with Shopify's format, and there are templates I can follow, but again I would rather have a program that could automatically do this. Are there any programs like this that are compatible with Shopify so I can import sales figures from my store? Asked 2 years ago
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662
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How do I calculate the end-of-year revenue?
Is there a formula that I can use to calculate the end-of-year sales revenue? I have looked at annual income statements before but haven't had to do the calculations for the top line myself. Can it be done directly from a balance sheet? Asked 2 years ago
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1.4k
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How do you calculate gross margin without cost?
The gross margin formula seems to require the use of the profit value, and in order to get this value, costs need to be subtracted from revenue. Is it still possible to calculate the gross margin percentage if I do not have the value of the cost of goods sold? Perhaps there is an alternative formula where the cost of goods sold can be substituted for a different value? Asked 2 years ago
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2.1k
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Why is net profit margin always lower than gross profit margin?
I've come across something interesting after comparing my income statements over the last few months. For some reason, the net profit margin is always lower than the gross profit margin. Am I missing something for not understanding why these profit metrics are related this way? Is this merely a coincidence, or are there specific costs and expenses affecting these figures?Asked 2 years ago
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2.3k
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