5 Best Shopify Profit Tracking Apps in 2021

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Best Shopify Profit Tracking Apps

Are you struggling with calculating the profit earned on your Shopify store?

Well, this is one of the most common challenges faced by eCommerce entrepreneurs. There are lots of expenses that happen behind every sale which must be included in the profit calculation. 

However, doing this manually can be too complicated and time-consuming. And it doesn’t have to be if you use a profit tracking app for your site.

Profit tracking apps simplify the process of profit calculation and tracking buy taking every small expense in account, thus eliminating complicated spreadsheets and providing the exact profit gained amount.

In this article, I’ve listed the best Shopify Profit Tracking apps that improve your financial structure and boosts efficiency.

Ready to dive in? Let’s get started.

1. Lifetimely – Profit & Customer LTV

With a five-star rating and the highest reviews, Lifetimely is the best Shopify profit tracking app. It tracks and measures profit in real-time and offers in-depth financial analytics for D2C brands. The best part is that it provides AI-based LTV projections that can predict the spending capability of your customers every month.

The orders and the product cost data will be automatically pulled by this profit tracking from Shopify. It then lets you perform the desired financial operations, and you finally get an automated P&L report containing the necessary figures you want to know. 

Feature Highlights –

  • It offers powerful filters like a marketing channel, first-order product, subscription status, etc., to know what’s driving your customers.
  • It offers a CAC payback tool to calculate ad spend break-even points.
  • It offers detailed customer behavior reports that display the critical buying patterns of your customers.
  • It provides 8+ LTV metrics to measure your customer value.

Pricing and Plans

It offers a 14-day free trial. The Basic plan starts at $19/month and goes upto the Plus plan which starts at $99/month.

2. BeProfit – Profit Calculation & Reporting

BeProfit is a popular Shopify profit calculation app that offers a powerful data-analytics reporting dashboard to track metrics, lifetime value, expenses, etc.

It allows you to see your cost distribution at a glance, with which you can quickly identify the critical spots and optimize the process for more profits. The best part is that you can get dynamic currency conversion based on current exchange rates, eliminating additional financial calculations.

Feature Highlights –

  • It enables you to identify profitable items by viewing costs and profit per order.
  • You can automatically sync your shipping profiles for generating precise expense reports.
  • It automatically updates the dashboard once the accounts are synchronized.
  • It allows you to track your business metrics with the help of predefined reports and custom reports.

Pricing and Plans

It offers a 14-day free trial and a free plan. The Basic plan starts at $25/month, and the Pro plan starts at $50/month, which offers advanced filters and custom dashboards.

3. SimplyCost – Profit Tracking

Being trusted by 2000+ Shopify stores, SimplyCost helps you calculate, track, and analyze profits to make smart business decisions. It calculates profit automatically by including discounts, refunds, shipping, etc. You can also add extra expenses to calculate the profit calculation correctly.

It makes your life much easier as it includes the gateway processing fees for orders processed via Shopify Payments and Paypal in overall profit calculation. It also offers a long list of valuable reports based on different categories, which you can use to analyze your Shopify store’s performance.

Feature Highlights –

  • It automatically performs currency conversions if your Facebook ad currency is different from that of Shopify currency.
  • You can update the cost price directly from the Shopify order details page.
  • It allows you to export your sales order history with the cost price.
  • You can include one-off and recurring expenses, and it will automatically process them during the profit calculation.

Pricing and Plans

It offers a 14-day free trial, and the paid plan starts at $4.99/month.

4. TrueProfit – Real-time Profit Tracking

TrueProfit is a robust profit calculation app that enables you to uncover the financial stability level of your Shopify store. It is a financial analytics app that does everything you need and executes tasks in autopilot mode.

As a Shopify store owner, you can analyze which products matter the most by viewing actionable metrics like product views, add-to-cart, purchases, conversion rate, etc. Interestingly, you can offer quantity breaks that allow shipping costs to be different from the second item onwards. 

Feature Highlights –

  • It enables you to track different types of costs like cost of goods sold (COGS), ad spent, shipping, transaction fees, etc., and other custom costs.
  • You can manage single order metrics and adjust the COGS/shipping costs of orders when necessary.
  • It sends profit reports daily, weekly, or monthly to not need to log in every day.
  • It calculates customer lifetime value which unboxes the most profitable and valuable customers for your business.

Pricing and Plans

It offers a 14-day free trial, and the premium plan starts at $19.95/month.

5. Profit Calc – Profit Calculator & Auto Syncing

Profit Calc is another reliable Shopify profit tracking app that accurately performs all the profit calculations in just a few clicks. It offers an easy-to-use dashboard with which all the insights will be available right at your fingertips.

This Shopify profit calculator app can automatically sync with your Google, Facebook, Bing ads, and other advertising channels to include all your ad expenses in profit calculations.

Feature Highlights

  • It enables you to calculate the shipping expenses for each country.
  • It offers a chrome extension with which you can easily sync the entire AliExpress information.
  • It facilitates in calculating your credit card fees and transaction costs automatically.
  • It provides a monthly expense calculator, and you can analyze the unnecessary added costs and cut them to improve the cash flow.  

Pricing and Plans

It offers a 15-day free trial, and the paid plan starts at $29.95/month.

Wrapping Up

Calculating and measuring profits has always been the most tedious task for eCommerce store owners. They will be presented with overwhelming numbers, making it challenging to analyze the gains accurately, impacting their business decisions.

But with the help of these best Shopify profit tracking apps, every minuscule amount of data is valued, and with just a few clicks, the entire profit analysis report will be on your screen. Using this data, you can align your goals and create a solid financial base for your eCommerce business.

Are you looking for more useful Shopify apps for your store? Here are few articles you should read next –

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