How to View the Shopify Finances Summary Page [2024]
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How to View the Shopify Finances Summary Page on Shopify

Last modified: May 14, 2024

How to View the Shopify Finances Summary Page on Shopify
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Smart eCommerce business owners know the finances of their business inside and out. They can say exactly what their monthly income is on average, what sales they’re making, what expenses they have and all sorts of information that they want. Some Shopify store owners will use Xero or Quickbooks to help them. You can get apps, like this one, that can help you link your store to these accounting software to get your information.

However, there are financial reports that are available, for free, on Shopify. You just need to know how you’re going to access them. By being able to regularly access your store’s financial records you can start to see trends in your performance, sales and more that can help you grow your business and avoid not having the capital to invest in new stock.

To make money with Shopify, you’ll need to set up your store properly, add a payment gateway to accept payments, and consider options like taking deposits on Shopify or setting up tipping options to increase revenue.

Here are the instructions on how you can access your store’s financial records. It is fairly easy to do.

Key Takeaways
1
Log into your Shopify store, then click ‘Analytics’ on the left-hand menu to access financial reports.
2
In ‘Analytics’, select ‘Reports’, then ‘Finances Summary’ to view sales, payments, and liabilities.
3
Detailed reports in each section help identify areas for investment and improvement in your Shopify store.
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# Name Image
1
Xero Bridge
Xero Bridge
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German Accounting Integration
German Accounting Integration
3
QuickBooks Bridge
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QuickBooks Desktop Sync
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5
A2X for QuickBooks and Xero
A2X for QuickBooks and Xero
6
Xero Integration by Bold
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QuickBooks Online by OneSaas
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QuickBooks Online/Xero Sync
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Accountify: Real Time Profit
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Accountingexport Pro
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FreshBooks
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Sage Accounting EMEAA
Sage Accounting EMEAA
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Step 1 – Log In

The first step is to log into your store’s website using your store credentials.

Step 2 – Analytics

Now you need to click on the ‘Analytics’ option that is on the left-hand menu.

Step 3 – Go to Reports

Within the ‘Analytics’ you will automatically be taken to the first section that is called Dashboard. From here you need to select the second section, this is called ‘Reports’.

Step 4 – Finances Summary

Scroll down to the ‘Reports’ section. Then you can view everything that is associated with the finances of your website. To see a summary, click on the ‘Finances Summary’.

There are three different areas within the finances summary page. There are sales, payments, and liabilities. You can also take an overview of your sales, payments, and gift card data.

These will be recorded for a specific timeframe, that you can change. Additionally, you can change the labels for tipping online or set up tipping options to increase revenue.

Within each of the sections on the summary, you can view a more detailed report. Therefore, you can see what areas need to have a considerable investment for improvement. This investment could be time or monetary.

Step 5 – Optional Step

You can now also see what channels are making the most sales and performing the best. You can do this by selecting the ‘All Channels’ button at the bottom, and then select the channel that you would like to take a closer look at.

Furthermore, you’re also able to change the date range for the reports as well. This allows you to compare trends over a longer period or see how you’re doing between two different times. For instance, are you performing better this first quarter compared to the first quarter of the last financial year?

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Conclusion: How to View the Shopify Finances Summary Page on Shopify

When it comes to managing your website, financial management is really important. You can use numerous accounting apps to help you manage your website’s finances. Or you can see all the information you want in detailed reports that are available, for free, on Shopify. You can also use report apps to create customized reports that are more specific to your needs.

FAQs
  • Can I customize the financial reports on the Shopify Finances Summary page?

    Yes, you can customize financial reports on the Shopify Finances Summary page. This allows you to focus on specific data points that are most relevant to your business needs.

  • Is it possible to track specific sales channels on the Shopify Finances Summary page?

    Yes, you can track specific sales channels on the Shopify Finances Summary page. This helps in understanding which channels are performing well and which need improvement.

  • Can I access the Shopify Finances Summary page on mobile devices?

    Yes, the Shopify Finances Summary page is accessible on mobile devices through the Shopify app. This allows for convenient monitoring and analysis of your store’s financial data on the go.

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