Best Profit Tracking Apps for Shopify

Profiteer or Profitario? Quickbooks or Veepro? Of the numerous profit tracking apps available for Shopify, what’s the best option?

Profit tracking is crucial to sales and growth. Beyond weighing profit against loss, knowing how to track profits helps you forecast potential gains, spot unhealthy expenses, and revise your sales strategy. 

As with most processes on Shopify, you can simplify the tracking process with a number of third-party apps.

In this article, we review some of the best Shopify profit tracking apps. You’d discover the key features, what we liked about the apps, what each app is best for, and how to add it to your store.

Let’s get started.

Best Shopify Profit Tracking Apps

We start off this list with the recommended app for sellers who set up multiple payment gateways on Shopify.

Profiteer

Best described as easy to use, Profiteer lets you regulate the present and future pricing of items in your inventory. The interface adopts a balance sheet system for tallying the costs of good soles against total costs.

What this means is that you don’t have to wait till your monthly or quarterly reports before measuring profit per sales.

Profiteer supports CSV downloads. You can review your statements on the go – whether on your phone or computer.

Key Features

• Provides detailed profit reports – inventory reports with the current value of goods and sales reports with the cost of goods sold.
• Tracks costs, revenue, and profit margins.
• Integrates with various payment gateways.
• Shows net profits for both online and POS sales.
• Speedy customer support system.

Pricing

• Free trial available.
• Basic Plan: $15/month.
• Large Inventory: $50/month (for stores with >25,000 units sold).

How to Install

• Go to Shopify App Store.
• Search for “Profiteer.”
• Click “Install” and follow the setup instructions.

Best For

• Shopify stores with multiple payment gateways or methods

BeProfit – Profit Calculator

With over 300 five-star reviews on Shopify, BeProfit is perhaps the best app for any Shopify seller not concerned with multiple payment methods. That is, if you’re not using Profiteer, you should be on BeProfit.

On your BeProfit dashboard, you can optimize key marketing metrics including customer lifetime value and lifetime profits.

This lets you decide how to shape your sales strategy and what products to add to inventory. Generally, you’d make better business decisions.

If your store’s connected to marketplaces on social media, this app integrates with platforms like Facebook for accurate reporting. You can link it up to your Google Analytics to measure any correlations between traffic, sales, and profits.

Key Features

• Schedule frequent reports and receive them in your inbox.
• Download up-to-date reports on your ads platforms, costs, and sales.
• Assess key metrics including CLV and CAC.
• Track your business’s pulse and measure ROI for improved investment plans.

Pricing

• 7-day free trial on all paid plans.
• Starter Plan: Free, for up to 5 monthly orders.
• Basic Plan – ($25/month) – Billed $240 per year with up to 200 monthly orders and a $0.3 per over above the monthly orders.
• Pro Plan – ($75/month) – Billed $720 per year with up to 600 monthly orders and a $0.2 per over above the monthly orders.
• Ultimate Plan – ($150/month) – Billed $1,440 per year with up to 1,200 monthly orders and a $0.1 per over above the monthly orders.

How to Install

• Go to Shopify App Store.
• Search for “BeProfit”
• Click “Install” and follow the setup instructions.

QuickBooks

If you’re looking for an app that streamlines your accounting processes, making financial management a breeze, QuickBooks is your go-to app.

With QuickBooks, you can sync your Shopify transactions, track expenses, and reconcile your accounts with ease. Not sure what your business’s financial health looks like? Gain insights by generating detailed reports and understanding profit and loss statements.

Plus, you can simplify your tax season by accessing tax-ready reports. QuickBooks is more than just accounting software; it’s your financial partner, ensuring you’re always in control of your finances. 

Pricing:

• 30-day free trial available.
• Simple Start Plan: $18/month, perfect for tracking income and expenses.
• Essentials Plan: $27/month, offering additional time-saving features.
• Plus Plan: $38/month, ideal for growing businesses with advanced features.

Note: At the time of this writing, QuickBooks offers a 50% discount on all plans, bringing the monthly plans to $9, $13.50, and $19 respectively.

Installation:

• Visit the Shopify App Store.
• Search for “QuickBooks.”
• Click “Install” and follow the installation instructions to embark on your journey to simplified financial management.

Best For:

Shopify store owners who want to streamline their financial management, from accounting to tax reporting.

Accountify 

Looking for the best app to track revenues from your social media content? Accountify is the all-in-one solution for your store.

Accountify compiles and categorizes expenses, providing you with a comprehensive overview of your financial transactions. Keep a watchful eye on costs related to products, shipping, advertising, and other financial operations

Accountify breaks down sales and spendings like never before. From simplifying your ads expenses to pointing out your sales source by location, this app transforms financial management into a hassle-free task, saving you time and boosting your financial well-being.

With these detailed insights, you can fine-tune pricing strategies, optimize expenses, and ultimately enhance your profitability. 

Pricing

Start with a 14-day free trial to explore Accountify’s features.

• Startup Plan: $11.90 per month (for up to 50 monthly orders).
• Growth Plan: $24.90 per month (stores with more than 50 monthly orders).

Installation

• Head to the Shopify App Store.
• Search for “Accountify.”
• Click “Install” and follow the provided instructions to connect Accountify to your Shopify store. 

Best For

Sellers that want their hands on more data-driven insights while integrating with global social platforms (Snapchat, TikTok, Facebook Ads, etc).

Profitario

Profitario enables you simplify your accounting workflow through integrations with Chrome and Shopify.

With Profitario, you can seamlessly track sales, expenses, and profits in real time. Say goodbye to manual calculations and spreadsheets; Profitario automatically compiles all the crucial data and displays the numbers in one central location.

The app’s customizable dashboard empowers you to focus on what matters most to your business – tracking sales, profits, and loss at any given time.

Profitario takes the complexity out of financial management, so you can concentrate on growing your business.

Pricing

• Free Plan: Limited to 100 store orders per month; recommended for new sellers.
• Basic (Popular) Plan: Best plan for Shopify sellers with at least 300 monthly orders, for $20 per month.
• Pro Plan: Advanced option for multiple store owners, for $50 per month.

Installation

• Visit the Shopify App Store.
• Search for “Profitario.”
• Click “Install” and follow the installation steps.

Best For:

Shopify sellers who enjoy centralization, keeping all store data in one place.

SimplyCost

Of the recommend profit tracking apps, SimplyCost is the best fit if you prefer real-time inventory status updates. Merchants who use SimplyCost commend the app’s ability to handle large volumes of stock keeping units (SKUs).

SimplyCost interprets data from multiple ads platforms, showing you exactly where you’re spending more. With this, you can adjust your campaign strategies, reshuffle your store’s product recommendations, and improve sales.

However, this app doesn’t automatically generate costs on shipping. You have to manually input those numbers for each inventory calculation.

If you don’t mind this process, then SimplyCost is the app you need. Especially if you’ve set up multiple Shopify payment gateways and would like to define processing fees for each gateway.

Pricing:

• 14 day free trial.
• Professional Plan: $4.99/month. One simple plan, unlimited everything.

Installation:

• Navigate to the Shopify App Store.
• Search for “SimplyCost.”
• Click “Install” and follow the provided instructions.

Delirious Profit

Delirious Profit is the ultimate Shopify app for maximizing your e-commerce revenue. It’s intuitive, providing the data you need to understand your profit margin.

This app is designed to be user-friendly, so you don’t have to be a financial expert to understand your numbers. It considers the costs of goods sold to deduce profit recorded per item sold. 

Plus, get in-depth information on customer behavior and product performance. Delirious Profit integrates seamlessly with popular payment gateways and marketing platforms, streamlining your data for a comprehensive view of your e-commerce operation.

Planning a year-end accounting report? Install Delirious Profit on your store and let it crunch the numbers for you.

Say goodbye to guesswork, and welcome customizable reports that empower you to make smart, forward-thinking business decisions.

Pricing

• 7-day free trial available.
• General Plan: $5 per month; all features in one place.

Installation:

• Visit the Shopify App Store.
• Search for “Delirious Profit.”
• Click “Install” and follow the installation instructions.

TrueProfit

TrueProfit does exactly what you’d expect – shows your store’s true profits. Combining all order metrics, this app enables you to identify your real-time margins, and on autopilot too.

TrueProfit compiles and categorizes expenses, providing a comprehensive overview of your financial transactions.

Run your store on a mobile device? TrueProfit’s mobile version is as stellar as its web version. Its diverse tools let you access and interpret key ecommerce metrics including customer lifetime value, average order value, and conversion rates.

Pricing

• 14-day free trial to explore its powerful features.
• Basic Plan: Perfect for small businesses, priced at $25 per month.
• Advanced Plan: Offering additional features, available at $50 per month.
• Ultimate Plan: Includes Product Bundling Analytics, priced at $100 per month.
• Enterprise Plan: Designed for large businesses, available at $200 per month.

Installation

• Visit the Shopify App Store.
• Search for “TrueProfit.”
• Click “Install”.

Bonus Mention: Bench

Say goodbye to juggling spreadsheets and receipts—Bench has got you covered. Bench’s bookkeepers manage your financial records, ensuring your Shopify business stays organized and compliant.

On Bench, detailed financial statements and reports empower you to make informed decisions, while seamless integration with tax-filing platforms simplifies tax season. 

Pricing

Bench offers custom pricing based on your specific business needs.

Installation:

• Head to the Shopify App Store.
• Search for “Bench.”
• Click “Install”.

Best For:

Shopify store owners who want to maintain financial organization and compliance without the headache of handling bookkeeping themselves.

Conclusion

There you have it. Eight solid apps for convenient profit tracking on Shopify.

Before settling for any of these best profit tracking apps, we suggest you run free trials on two or more. Why? You can preview your potential integration experience, thus making informed calls on the app you should install.

Worried about the cost of adding multiple third-party apps? We help MeetCary, 7 Sages and other Shopify sellers like you drive more site traffic and optimize store visitors. You not only pull customers to your site, you also sell more.

Get started by exploring Adoric today.

Install Adoric on Shopify