thread Re: How to know my daily sales profit? in Archived Discussions (Read Only)

How to know my daily sales profit?

MGhahari — Sun, 05 Feb 2017 19:50:33 GMT

Hi bros

I tried to figure out how can I get a daily/ montly net profit report from square pos but I couldn't find any. Anyone can help?

I need to know how much I made end of the day?

Re: How to know my daily sales profit?

VanKalkerFarms — Sun, 05 Feb 2017 20:03:13 GMT

Square can tell you how much you grossed in a day and netted after fees but is not going to tell you your profit for the day. That you would have to do in a spreadsheet or accounting software to deduct daily mortgage fees, sales tax collected, insurance, employees, utilities and insurance.

To see your daily gross and net income follow this link.https://squareup.com/dashboard/sales/reports/sales-summary

Re: How to know my daily sales profit?

MGhahari — Mon, 06 Feb 2017 08:20:36 GMT

Thanks for your reply.

Do you mean another app like QuickBooks can help?

If yes, Do I need to add all items I have in QuickBooks or square? Because I we have to set the cost price some where and no any field for that in square.

sorry for newbie questions.

Re: How to know my daily sales profit?

MGhahari — Mon, 06 Feb 2017 15:00:27 GMT

And another question is how we have to sell item per Kilogram? I mean by weight?

Re: How to know my daily sales profit?

sciabica1936 — Mon, 06 Feb 2017 16:40:31 GMT

If you're simply looking for "gross profit" from sales (Revenue minus COGS), I don't think that the Quickbooks integration will help. As far as I know, all items are imported as a "Square Item". The description and price are changed for each item, but the Cost of Goods Sold will not be applied.

You'll want to check out Shopventory: https://squareup.com/dashboard/apps/41