Can you get a P&L, margins, and fee breakdown beyond Shopify's native reports?

Shopify's native reports show revenue and, once product costs are entered, gross margin, but not a full profit and loss statement. A reporting app builds a true P&L by pulling sales, cost of goods, refunds, shipping, payment gateway fees, and custom business expenses into one view that reflects real profit.

Context

Native Shopify profit reporting is built around cost of goods sold, so it answers gross profit and gross margin once product costs are set, but it stops there. It does not net out payment processing fees, it does not carry business expenses Shopify never records, and it does not assemble a period P&L that ties back to actual bank deposits. This is true on every plan. Every Shopify plan including Basic includes the built-in Finance and profit report categories; saving custom report views requires Advanced Shopify or Plus. Report Pundit works on all plans, including Basic.

A full P&L view combines the revenue side (gross sales, discounts, returns, net sales, shipping, duties, tax, total sales), the cost side (product cost, cost of goods sold, total cost per order or SKU), the profit side (gross profit and gross margin per order, product, variant, or period), any custom expenses your business carries, and payout reconciliation so profit ties back to what actually landed in the bank.

On fee granularity, the breakdown goes down to the individual order and transaction: the payment gateway fee on each transaction, the fee and net on each payout line, and the charges, refunds, and adjustments behind every deposit. The ready-made reports covering this are Total Transaction Value by Gateway, Successful Transactions, Shopify Payment Transaction Export, Payout Order Report, and Shopify Payout Report. Instead of one lump processing cost at month end, you see exactly what was deducted, on which order, by which gateway.

If your business defines cost and profit differently, the support team can set the calculation up around your model at no extra cost, so the numbers match how you operate rather than a generic template.