Top 5 Best Shopify Profit Tracker Apps [November, 2024]
| Last updated December 14, 2023
This guide helps ecommerce store owners to compare and find the best profit tracker app for Shopify. Profit tracker apps are popular for ecommerce businesses that want to look after their business financial health and optimize it. However, with the variety of Shopify apps for profit tracking, it can be challenging to find the ideal app for store owners’ individual needs.
To help ecommerce store owners make the right choice, the attributes of available Shopify apps have been assessed considering: features, price, free trial availability, app store rating and free app options.
This guide compares five companies for merchants to review and find the optimal profit tracker app for their needs. To help them make an informed decision, a quick comparison table of the best profit tracker Shopify apps is shared below, followed by in-depth reviews and frequently asked questions.
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Quick comparison of the best Shopify Profit Tracker apps
| # | App Name | Developer Name | Pricing | Rating | Free Trial | Image | Action |
|---|---|---|---|---|---|---|---|
| 1 | BeProfit – Profit Analytics | BeProfit | $250/month | 4.9/5 ⭐️ | yes |  |
Get app |
| 2 | TrueProfit: Profit Analytics | TrueProfit | $25/month | 4.9/5 ⭐️ | yes |  |
Get app |
| 3 | SimplyCost – Profit Tracking | Zapfor Apps | $4.99/month | 4.8/5 ⭐️ | yes |  |
Get app |
| 4 | Polar Analytics | Polar Analytics | $300/month | 4.9/5 ⭐️ | yes |  |
Get app |
| 5 | Triple Whale Analytics | Triple Whale | $129/month | 4.6/5 ⭐️ | no |  |
Get app |
Top Shopify Profit Tracker apps reviewed
Table of contents:
BeProfit – Profit Analytics
BeProfit – Profit Analytics designed to enhance the financial management capabilities of e-commerce merchants. It automates real-time profit calculation, eliminating the need for manual spreadsheets, which simplifies the process of tracking profitability for every transaction. This feature is particularly beneficial for merchants seeking efficient and accurate financial management solutions.
The app offers both automated and custom reports that merchants can schedule or request on demand. These reports provide comprehensive analytics on various aspects such as orders, shipping, inventory, and marketing costs. Such detailed analytics are crucial for understanding and optimizing business performance.
One of the notable features of BeProfit is its auto-sync functionality for sales and costs. This feature ensures that the app synchronizes data from the store, marketing platforms, payment processors, and shipping accounts. As a result, it provides merchants with up-to-date and accurate financial data, reflecting the current state of their business.
The integration capabilities of BeProfit are extensive, supporting various business models like dropshipping, warehousing, or print-on-demand. This flexibility makes it a versatile tool for a wide range of e-commerce operations. The user-friendly interface of the app, featuring intuitive charts and tables, further enhances its usability. Merchants can easily manage and understand their financial data, and the option to share or export reports via email and CSV adds to the convenience.
- 14 day free trial
- Free plan available
- Allows for real-time tracking of profit and loss through an intuitive dashboard
- Offers comprehensive integration with store platforms, marketing channels, and accounting systems for accurate reporting
- Capable of generating both automated and custom reports for in-depth business analysis
- Advanced analysis tools within BeProfit facilitate the evaluation of customer lifetime value and marketing campaign effectiveness
- Supports remote access and collaboration, making it convenient for team use
- Provides optimization tools for various marketing efforts, including UTM tracking for precise performance measurement
- Enables users to synchronize ad platforms, expenses, and order data for up-to-date reporting
- Users can schedule custom reports to be emailed directly to them, enhancing convenience and efficiency
- Includes cutting-edge cohort analysis to analyze customer lifetime value, return on ad spend (ROAS), and customer acquisition cost (CAC)
- Assists in optimizing ads, email campaigns, affiliates, and influencer marketing with its UTM tracking capabilities
- Designed to be user-friendly, making it accessible for users with varying levels of technical expertise
- Price might be considered too high for some smaller start-ups
- Some users faced issues with the app disconnecting from ad channels, requiring manual reconnection each time (resolved by support)
TrueProfit: Profit Analytics
TrueProfit: Profit Analytics is a Net Profit Analytics application that delivers real-time profit tracking for e-commerce stores. It automates the gathering, calculation, and analysis of store order metrics, thereby removing the need for manual spreadsheet editing. The app tracks all costs, including COGS, shipping, and transaction fees, and syncs ad spending from platforms like Facebook, Google, TikTok, and others. It also offers detailed product analytics and marketing attribution, assessing net profit at product and ad levels. Additionally, TrueProfit provides tools for customer lifetime value assessment and profit and loss reporting, along with a mobile app and an all-store view feature.
- 14 day free trial
- Automates real-time tracking of a store's true profit, enhancing efficiency
- Eliminates the need for manual spreadsheet editing by gathering and analyzing order metrics
- Tracks all relevant costs including COGS, shipping, and transaction fees
- Synchronizes ad spend data from platforms like Facebook, Google, TikTok, Bing, Snapchat, and Amazon
- Provides detailed product analytics and marketing attribution to assess net profit at both product and ad levels
- Includes tools for customer lifetime value assessment and generating profit and loss reports
- Offers a mobile app and an all-store view feature for comprehensive store management
- Enables decision-making based on data-driven insights, improving overall business strategy
- Streamlines the analysis of financial health by providing a clear overview of profits and losses
- Facilitates informed budgeting and spending decisions by accurately tracking all expenses
- Enhances advertising efficiency through precise ad spend tracking and analysis
- Offers accessibility and convenience through its mobile app, allowing for management on-the-go
- Supports multi-store management with its all-store view, ideal for businesses with more than one Shopify store
- No free plan
- Might be too expensive for some smaller start-ups because of their pricing structure
SimplyCost – Profit Tracking
SimplyCost – Profit Tracking is an app designed to help store owners track their profits and expenses effectively. This tool automates the often overlooked aspect of expense tracking in online businesses, which usually focus more on sales revenues. It enables easy connection to major advertising platforms for automatic ad spend tracking and allows for the addition of both one-off and recurring custom expenses. The app also facilitates the setup of processing fees for various payment gateways and Shopify transaction fees. Additionally, SimplyCost offers straightforward access to sales and product profit reports, simplifying financial analysis for business owners.
- 14 day free trial
- Automates expense tracking, saving time for business owners
- Connects with major ad platforms for automatic ad spend tracking
- Allows adding of custom one-off or recurring expenses
- Facilitates the setup of processing fees for each payment gateway
- Enables configuration of Shopify transaction fees for stores not using Shopify Payments
- Provides easy access to sales and product profit reports, aiding in financial analysis
- Enhances the accuracy of profit calculation by including all relevant business expenses
- Offers a clear and user-friendly interface for tracking financial performance
- Supports better financial decision-making with detailed and accessible profit reports
- Reduces the need for manual data entry and spreadsheet management
- Improves budgeting and financial planning by providing comprehensive expense insights
- Assists in identifying cost-saving opportunities by highlighting key expense areas
- No free plan
- Complaints of not being user friendly in the past, mostly older reviews
Polar Analytics
Polar Analytics is a business intelligence platform that helps e-commerce businesses turn their data into profit quickly. With its one-click setup, users can centralize all their data in one place, streamlining decision-making and eliminating the need for manual reporting. The app features easy integrations with platforms like Shopify, Amazon, Google, and others. It offers customizable dashboards for various key performance indicators such as Spend, Customer Acquisition Cost, and Lifetime Value. Additionally, Polar Analytics provides a secure Snowflake database, real-time alerts for crucial metrics, and omnichannel reporting capabilities for businesses with multiple brands or stores.
- Free plan available
- 7 day free trial
- Users can customize metrics to meet their unique business requirements, enhancing the app's analytical usefulness
- The app provides comprehensive reporting and effective data visualization, making data easier to understand and use
- It consolidates data from multiple stores into one dashboard, which is especially useful for businesses with several outlets
- The user-friendly interface makes it accessible and easy to use for all levels of technical expertise
- Polar Analytics integrates efficiently with a variety of e-commerce, analytics, and marketing tools
- It offers robust data governance and security features, ensuring the safety of sensitive information
- The support team is known for their responsiveness and expertise, providing valuable assistance to users
- The app is regularly updated and offers fair pricing, making it a cost-effective solution
- Automation of data collection in the app provides daily updates from all channels on one platform
- It is recognized for delivering valuable insights that support data-driven decision-making and offering a comprehensive view of brand performance
- Their pricing structure is on the pricier side, maybe unsuitable for smaller start-ups
- Free plan is only for enterprise level merchants looking at custom pricing for their services
Triple Whale Analytics
Triple Whale Analytics, an AI data platform, offers e-commerce businesses a centralized dashboard for tracking essential metrics and attributions. This tool integrates with key platforms and utilizes e-commerce-specific AI to highlight critical data points, offering customization to suit diverse business needs. Its features include real-time data for marketing decisions, in-depth product and customer analytics, automated intelligence for anomaly detection and insight generation, and advanced ad performance analysis with comprehensive insights and data visualization. Triple Whale Analytics equips users with the tools necessary for data-driven decision-making and operational optimization in the e-commerce sector.
- Free plan available
- Includes a mobile app, offering the convenience of accessing data and insights on the go
- Features industry ad performance benchmarks, allowing businesses to compare their ad campaigns against industry standards
- Provides email reports, facilitating easy sharing and analysis of data among team members
- A post-purchase survey tool is included, which is essential for gathering customer feedback and understanding buyer behavior
- Has anomaly detection capabilities, alerting users to unusual patterns or changes in their data
- Includes an Affluencer Hub, enhancing influencer marketing strategies
- Prompt and responsive chat support service
- Features like RFM audiences, activity feed, cart analysis, customer data platform, cohort analysis, and LTV analysis are included in higher-tier plans, providing advanced data analytics options for growing businesses
- No free trial
- Visual bugs reported, UI needs to be more user friendly
How to Find The Best Profit Tracker Shopify App?
These five profit tracker apps for Shopify are ranked based on the following criteria:
- Features
- Price
- Rating on the Shopify app store
- Free trial availability
- Free app options
- Compatibility with other top apps
- Number of apps the app provider operates
- Pros and cons
- Built for Shopify badge
- Reviews and assessment by AcquireConvert
What are Shopify Profit Tracker apps?
Shopify Profit Tracker apps are tools for Shopify store owners looking to closely monitor and optimize their financial health. These apps provide a detailed view of key financial metrics such as revenue, costs, and profit margins. They enable real-time tracking of profits, allowing for swift adjustments in strategy when needed. Features typically include management of expenses and tracking of the cost of goods sold (COGS), which is crucial for accurately determining profitability. Additionally, these apps often analyze advertising spend to assess its efficiency, helping to maximize return on investment. By consolidating financial data and offering actionable insights, Shopify Profit Tracker apps assist store owners in enhancing pricing strategies, reducing unnecessary expenditures, and ultimately driving greater profitability.
How do I track my profit on Shopify?
To track profit on Shopify, you can leverage a mix of Shopify’s built-in analytics and third-party Profit Tracker apps. Initially, Shopify Analytics offers basic insights into sales and returns, but it might not cover all expenses. You should manually input the Cost of Goods Sold (COGS) for each product in Shopify to understand direct costs. Additionally, account for other expenses like shipping, marketing, staff salaries, and various operational costs. For a more comprehensive view, installing a Profit Tracker app is advisable. These apps integrate sales data with COGS and additional expenses to automatically calculate profit. Regularly reviewing these profit reports is essential to gauge financial performance and make informed business decisions.
Best way to keep track of profits?
Keeping track of profit is crucial for the health of any business, and achieving this effectively requires a blend of meticulous financial record-keeping and the smart use of technology. Firstly, maintaining accurate records of all financial transactions, including income, expenses, cost of goods sold (COGS), and taxes is essential. Implementing reliable accounting software can streamline this process, automating the tracking of income and expenses while offering insightful financial reports. Regular analysis of these reports, particularly profit and loss statements, is key to understanding your business’s financial status. For those running online businesses, like Shopify stores, leveraging specialized profit tracking tools or apps can provide real-time insights into profitability. These tools typically integrate with your sales data, offering a more nuanced view of financial performance. In cases where financial tracking and analysis become complex, consulting a financial advisor or accountant can be a wise decision, ensuring that your approach to profit tracking is both efficient and effective.
Conclusion: Best Shopify Profit Tracker Apps
It requires time and effort to compare and evaluate features of the various different profit tracker Shopify apps to find the ideal option.
Shopify store owners must evaluate relevant information to make the optimal choice for their needs.
This guide does the challenging work for merchants by comparing and evaluating the top choices for different profit tracker Shopify apps. The results of our analysis of the best profit tracker Shopify apps are listed below:
