Need Profit Reports
This program is really good for my Amazon, but its misisng the ability to add Profit Reports, you should create a field where users can input the Cost, the Packaging, and then the shipping automatically gets calculated after a label is printed of course.Should also need to pull the amount the sellers receives after fees from each order.
We’re currently researching and gathering input on all the requirements for true profit reporting.
Generating true profit for everyone might be complicated but just the COST OF THE PRODUCT would be great rather than having nothing at all, something is better than nothing. At the end of the day true profit can never be calculated since all businesses have so many additional costs, Bank fees, International wire fees, insurance, payroll, ect ect. But just having the COST of the product would be great.
Berish Cisner Rikkel Corp commented
This is a must feature. We sell on Walmart.com but I don't see what's the difference which marketplace you're selling because you'll have to add info manually. The first step would be to let users create their own cost fields (option to add multiple fields) since every company has other costs, then ShipStation will calculate all fields together.
In the future, integrations with Inventory lab etc. will make the manual process automatic.
Can't wait for this.
Andrea McGregor Ruby Rockets commented
How is this feature coming along. Additional feature that would be helpful with this is to be able to put the cost of custom packing. Having an order come through and see the revenue - cost of the product - actual cost to ship - cost of packing selected to see profitability would be amazing
Even if there is just a field in the product detail to put the COGS and a field when you create a custom package to put the box and packing materials for manual reporting would be a step in the right direction.
Candice Mathes CUL Distributors commented
This seems like a simple request, I am looking forward to this feature.
Any update on this feature?
Yes please. Would love this feature for Ebay and Amazon.
eBay and Amazon sellers do need this feature.
This would be a great addition...
I've also been waiting since last year, doesnt seem to look like they plan to implement this feature
What is the status of this project????
This would be great with idea of ebay/paypal fees and shipping cost included as someone discussed here earlier!
What you suggested looks good. I'd love to see something like this soon!
Begin simple, and just allow us to set a cost/deduction per store. For example, create a tab for the store setting with name "cost" and allow the following options:
Per item cost:
Commission ___ %/$ deduce from [ ]item [ ]shipping/handling [ ]tax
Referral ___ %/$ deduce from [ ]item [ ]shipping/handling [ ]tax
Other fees ___ %/$ deduce from [ ]item [ ]shipping/handling [ ]tax
____ %/$ per dropdown (day/week/month)
____ %/$ per dropdown (day/week/month)
I'm looking forward to seeing this feature in the near future. It would be great if the shipment cost could update in eBay blackthorne so we could use that profit report system.
Ok for me, I currently sell on both Amazon & eBay, but mostly 80% on the Amazon side.
From what I can tell you on the Amazon side, these would be the details you would have to extract from Amazon's API:
- Change to your seller account balance "$17.85" (This is the total Amazon funded me after Fees, which I got by clicking on 1 of the items sold details, which has a breakdown of the price, shipping, and amazon commission)
The Buyer pays $20.38, and commission for Amazon is $2.53, so the last line I see is:
"Change to your seller account balance" $17.85 (which is how much goes into my funds)
- Once you have the $17.85 from Amazon, you deduct the obvious shipping charges from Shipstation, and the Product Cost (which needs to be manually entered by the user)
Amazon Net Amount funded to me: $17.85
- Shipping Cost (Shipstation records this)
- Product Cost (Already provided by me, in the Product Cost Field)
= Net Profit
For eBay, I would suggest based on power-seller status or top-rated discounts, the software can auto-detect this whether the seller has a 10% or 20% discount which will be factored into the ebay final value fee, example:
Sold Price: $100
- eBay Listing Fees : $0.05 (Pulled from ebay fees page under the selling account)
- Listing Bold Feature: $2.00 (Pulled from ebay fees page under the selling account)
- eBay Final Value Fee: $15.00 (Pulled from ebay fees page under the selling account)
- Paypal Fees: $3.20 (Pulled from Paypal API)
- Shipping Fees: $5.00 (Shipworks of course)
- Product Cost: $60.00 (Manually Entered by the user)
= Net Profit: $14.75
Bryon, What you're currently suggesting adding would be a fantastic improvement. It would be fine with me if the reports we either by transaction or by individual product (or both!).
Also, we'd need a way to figure our payment processing fees into the calculations (unless they are directly imported from the payment processor, which might be possible with Paypal, but probably not as easy with others such as Authorize.net or similar services).
I'd like to make sure that the reports figure profit down to the per-transaction level. This is a major reason why we don't use existing solutions like Outright. They aggregate everything and you can't really drill down to see what line items are making you the most money, which items you might be losing on (to find pricing mistakes), etc.
Also, we'll obviously need a way to edit our product costs in bulk (via bulk upload or some other method) as we've already got hundreds of items in the system and editing them each manually will take forever.
This is what I can think of off the top of my head.
I know many of you are anxious for comprehensive profit reporting inside of ShipStation. We think this is a valuable addition, but we want to make sure we introduce a feature that's usable and appropriate for the large majority of our sellers.
There are some significant challenges related to accurately reporting the true cost of a sale. When dealing with 25 distinct marketplaces and selling platforms, it can be difficult to procure listing and selling fees accurately and consistently.
We'd like to hear your thoughts on what constitutes the true net profit on an order. We're currently considering the following costs and fees:
* Individual Product Costs - manually specified for each product in ShipStation
* Listing / marketplace fees - procured from the marketplace when possible
* Shipping cost – aggregated carrier fees for all shipments that have not been voided
* Insurance cost – aggregated insurance fees for all shipments that have not been voided
These costs would be deducted from the total amount paid by the buyer (excluding tax) to determine the net profit on each order.
Obviously, net profit reports are considered highly sensitive and we want to treat them as such. Our lower tiered accounts (Bronze, Silver) lack the capability to restrict user access to such reports, so we have quite a lot of thinking to do in regard to how these reports are exposed and rolled out to our existing customer base.
Thanks for your patience as we carefully design and consider this feature for ShipStation and as always, thanks in advance for your feedback!
Also separate profits by Store
This would be great!!!