ShopIQ

About ShopIQ

Launched Sep 20, 2023

Built by SHOPIQ SOFTWARES, LLC

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Description

Enter COGs for inventory, track your shop's revenue & gross margin over time, all on your dashboard.

Linking your Shopify account to your ShopIQ account with this app allows you to see various analytics on your ShopIQ account dashboard. These include your units sold, revenue, cost of goods, and gross margin over time. This app enables you to sort your inventory by which items are giving you the most revenue or the highest gross profit.

Set and change cost of goods for inventory items.
Track sales over various time periods.
Sort products based on sales revenue & gross profit within a given time frame.

Pros

Allows integration with your Shopify account for seamless data tracking
Provides detailed analytics including units sold, revenue, cost of goods, and gross margin
Enables sorting of inventory by revenue and gross profit, helping in better decision-making
Supports setting and changing the cost of goods for inventory items
Facilitates tracking sales over various time periods, offering a comprehensive view of sales trends

Cons

Dependence on Shopify for data; must have a Shopify account to utilize the app
Potential complexity in setting up and navigating the analytics dashboard for non-tech users
May require regular updates and maintenance to ensure data accuracy and relevance
Possible additional cost for premium features or advanced analytics functionalities