Real profit is a profit tracker tool/App that helps you organize, Analyze & visualize all of your business's Expenses, Orders generated & revenue in one place to understand exactly how much money your eCommerce business is making.
The Real profit dashboard is split into 4 main sections.
It’s simple, your cost of goods sold, or COGS is how much it costs you to produce or acquire the products you sell. This amount includes the cost of the materials and labor directly used to create a good or if you purchase inventory/products from a third party then COGS will be how the product costs you.
We have 2 ways to estimate/add COGS.
Handling Fee refers to the types of costs associated with preparing and transporting inventory. Mostly, the cost cover expenses related to order fulfillment such as shipment and packaging cost. Calculation: [Average number of minutes worked to package an item / 60] x hourly rate. For example, 15 minutes / 60 = 0.25; 0.25 x $10 per hour = $2.50. Those are your handling fees
Transaction Fees is a type of extra charge when the client needs to pay every moment it processes an electronic/online payment. Transaction Fees can vary among the services.
In the eCommerce business, the Payment gateway is the key component to allow your customer to do online payment and that gateways also charge to provide us transaction services.
Custom Spends includes rents, salary, Shopify plan, taxes, etc.
You can add it in a simple way: Go to Dashboard--> Custom Spend Menu--> Click on the New Spend--> Fill Details and Create.
Simply go to your Apps screen in your Shopify store and delete the app.