It seems to capture everything (referral fees, FBA fees, advertising, storage fees, etc) so unless I’m missing something, it looks like if I enter my net manufacturing costs correctly and enter 20% of my sales price as an ‘other cost’ to reflect VAT on the sales price, this should pretty accurately measure profit made by that SKU?
Thanks in advance!
Yes that’s right, enter your COGs and VAT would be more like 17.5% give or take if you’re reversing it. If you haven’t already though, you should sign up to seller board which gives you all of this information in real time without much effort. Only costs about £10 per month as well and I use it to work out profitability, inventory management. Pays for itself tenfold
Thanks, yeah I did the VAT as 1/6 selling price in my calc just wrote the wrong thing on here. Have you reconciled from SKU economics in SS to sellerboard to what you actually receive from Amazon to make sure everything’s captured? And if so how did they both do?
I haven’t heard of sellerboard to be honest so I’ll check it out - thanks! Do you know if it also gives historical profit info for a period of your choosing? I’m thinking that this would be a good way to reconcile profits to my accounts to see if it’s accurate.
I haven’t reconciled both to check seller board, but I’m part of a mastermind with several 7 figure sellers and we all use seller board for our numbers. I believe aggregators also use it to work out profitability/valuations, so that should speak for itself.
Yes you can choose custom dates for historical data, and it will also provide a rough forecast of numbers for the current month. Honestly it’s the best money you’d spend
Ok cool, thank you so much!