About TrueProfit ‑ Profit Tracking
Trueprofits is a financial analytics software that automatically computes and showcases your accurate profits in real-time.
We can vouch for the fact that no one on this planet likes to hop from one financial report to another to check how much profit they made. Although we began as entrepreneurs, we ended up as problem solvers. The reason is simple- we wanted to make the entire experience pleasant. No one loves to examine the financial reports, do they?
We decided to turn the process into a lovable experience. Currently, we ensure store owners save more than 20 hours each month by turning profit analytics into an enjoyable activity. Counting your hard-earned money should be a pleasant experience, shouldn't it?
Auto and real-time tracking
Cost of Goods Sold, Profit, Custom Charges and Handling, and Transaction is on autopilot. Easily sync your expenditure from ads.
Loan To Value and Product Analytics
With the help of the app, examine and discover single product insights and your customer value to make informed decisions.
Convenient mobile app
The mobile app is very easy to use. See reports of either multiple stores combined into one or single stores for a better understanding of your finances. Monitor the data any time and anywhere.
The app helps you in tracking real-time costs.
- COGS: Enter and manage Cost Of Goods Sold for each product. COGS can be manually entered, imported from Shopify's cost-per-item system, uploaded as a.csv file, or valued as a percentage of the sale price. When necessary, go back and update.
- Ad spends: Sync Ad spend from Facebook, Google, Bing, Snapchat in real-time.
- Cost of Shipping: Set super-advanced shipping rules on countries and products or quickly apply a flat rate.
- Transaction fees for each payment gateway (PayPal, Stripe, 2checkout, etc.)
- Handling fees of each product/variant.
- Custom costs: Easily manage one-time and recurring expenditures.
Profit Calculations are automated
All elements will be immediately analysed once you've finished putting up your cost structure, giving you a true profit analysis - even without a spreadsheet!
Recognize and act on how important your customers are to your company. Loan To Value, CAC, Loan To Value: CAC Ratio, Repurchase Rate, and Total Revenue are all indicators to keep an eye on (upcoming).
Unearth actionable product insights
Make decisions based on data once you get to know which products are making the most money. See the breakdown metrics of each product: views add to cart, ATC rate, purchases, conversion rate, revenue.
Manage single order metrics and modify COGS & shipping costs of orders when required.
You can also Add different COGS over different time ranges for one product.
Quantity breaks for shipping costs
Quantity breaks allow shipping costs to be different (to the first item) from the second item onwards.
Report through email
Receive reports via email as frequently as you want without having to log in every time- daily, weekly or monthly
One time set up
You just need to set up the app initially, and you should only update it when required.
Integrates with Facebook Ads, Google Ads, Google Analytics, Snapchat Ads, and Bing Ads.