4 Steps to View the Shopify Finances Summary Page on Shopify
By Sam Nguyen
As a smart shop owner, you should be aware of the importance of finance reports. By viewing the Finances summary page on Shopify, you can get a lot of information about where your business is going. Before going to the main part of this post, I recommend you to read this opening which tells you about what exactly the finance report is and the important role it plays in the success of a business.
The finance reports are methods of synthesizing data from accounting documents according to general economic indicators, which systematically reflects the current assets, sources of enterprise assets, the situation and results of operations, business performance, cash flow and the use of capital in a period of time. Thus, the finance report is both an accounting method and a means of expressing and transmitting financial accounting information to users for making economic decisions.
From Shopify which is an e-commerce platform, you also have such a helpful feature to view many kind of reports (including finance report) of your online store. It will be much more convenient for you to make a decision which is the best oriented. Thanks to this, your shop will be developed day by day.
This writing is a transparent tutorial to guide you to view the Finances summary page where the finance reports are displayed.
How to view the Finances summary page
Step 1: Go to Analytics
Make sure to log in your Shopify account to access the admin page. Then, click the Analytics section.
Step 2: Go to Reports
After clicking on the Analytics button, it will automatically go to the first section called Dashboard. In this step, make sure you select the second section by tapping on Reports.
Step 3: Click Finances summary
Afterward, scroll down to see the Finance section. From this, you can view all of the affairs involved in finance. To see the finance reports, choose Finances summary.
Then, you will access to Finances summary page. As you can see on this page, there are three categories: Sales, Payments, and Liabilities. Take an overview of your sales, payments and gift card data. They are recorded for a specific timeframe.
From each section, you can view a detailed report by clicking on the smaller sections there. Thanks to this, you can consider which has been already archived and which need to improve.
Step 4: Optional
This step is optional, which means you don’t really have to do it. However, if you want to see a more transparent picture of your business’s financial situation, you can select a specific channel by clicking on the All channels bottom and choosing the one you want to take a look at.
You can choose a date range for your reports as well. The report data will be shown in the selected period so that you can do the research for the specific time.
Summary
Above is a detailed article about how to view the Finances summary page. After following this, we hope that you will find out the best course of actions to grow your online shop based on the report data. If you want to learn more about this subject, you can read another post named how to view the overview dashboard for further information.
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