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User Guide

Product Profit by Argo Apps

On Shopify


Known issues:

We have also found issues with iPhones and iPads exporting the csv file.

We are working on these issues and hope to have them solved soon.


Data:

Data for analysis is calculated from your first order starting from up until the last current order on record. You can buy back-dated data by the month in "Settings".


Automation:
  • Set it and forget it - one time setup. Only go back when you need to update costs.
  • We collect data automatically and have it ready for you when you need.
  • Sign up for daily, weekly, or monthly reports via email by clicking the "Settings" tab so you don't have to log in everyday to check.

Costs:
  • Add Cost of Goods prices (average, per product, date specific)
  • Add date specific Custom Costs (one-off, weekly, monthly, per product, per order)
  • Edit transaction costs for each payment gateway (PayPal, Stripe etc.) by percent and fee

Expense (Custom Costs) will be distributed equally per day depending on the frequency set and the start and end date. For example if "Monthly" costs are selected at £1,000, £1,000 will be divided by the number of days in the month and spread across the dates range. For example, in a month with 30 days daily expense will be shown as £33.3 per day.


Currencies:

All price data is converted to your default currency using the stores currency exchange rate. This is done automatically in order to provide a unified total profit across all regions and currencies. We are planning to add a selection button to manually select specific currencies as well.


Net Profit:

Net profit is the gross profit (revenue minus COGS) minus operating expenses and all other expenses, such as taxes and interest paid on debt.


Net Sales:

Net sales (or net revenue) is the sum of a company's gross sales minus its returns, allowances, and discounts.


Cost of Goods Sold (COGS):

Cost of Goods Sold (COGS) is the direct cost of producing the goods sold.


Return of Investment (ROI):

Return of Investment (ROI) is expressed as a percentage, and is calculated by dividing the return of an investment (in this case the net profit) by the cost of the investment (Cost of Goods Sold (COGS) as well as other general costs related to the sale of the goods).

If the Return of Investment is net positive, it is probably worthwhile, but negative ROIs imply a net loss. The range of ROIs between products can help you eliminate or select the best options.


Email us if you have any issues at support@argoapps.co