Shopify Finance Summary Report: Get Accurate Financial Insights Without the Hassle

Many Shopify owners now need a third-party reporting tool. Why? Because the native app misses a few important data. Imagine paying extra to see your financial information on a platform you had already paid for. This makes things go off track and hinders the decision-making process.

While the Shopify Finance Summary gives a basic overview of your sales, payments, tips, gift cards, and gross profit, it resembles more of an analytics dashboard than a finance report. It displays visual summaries using cards and charts, such as "Payments over Time" and "Payments Received by Gateway," which may look visually appealing but aren’t particularly helpful when trying to import numbers into detailed financial reports. The Shopify Finance Summary Report is helpful but limited.

It doesn’t offer real-time updates and often lacks the depth finance teams need. Merchants are facing issues such as a lack of printing options, changed layouts, missing data columns, and broken links in the new report structure.

That is why many Shopify merchants want a detailed solution that gives them a complete financial view with gross sales, returns, taxes, gift cards, and payment gateway breakdowns all in one place. 

Why Shopify's Native Finance Report Falls Short and What to Use Instead

Here’s where the problem starts. Over time, Shopify has removed several key features that store owners were dependent on. Example: Gift card sales data is no longer easily accessible. The “Liabilities” section is no longer available. Even the once-handy “Total Payments” figure has disappeared. If you need that data now, you will have to jump between multiple reports like Sales, Payments, and Gift Cards, export them separately, and combine them manually.

Also, Shopify’s Finance Summary Report isn’t synced in real-time- it takes time to load when there’s a huge amount of data. So, what you’re seeing is old data. And you may waste your time exporting different sections. 

Report Pundit’s Finance Report That Goes Beyond

This report provides a snapshot of your financial performance. It’s designed to be understood in just a glance, which makes it best for business owners, accountants, and finance teams, just by keeping: 

1. Everything in One Place: No need to jump between five different reports. You receive all the numbers in a single, consolidated report. 
2. Accounting-Friendly Format: Report Pundit delivers clean and structured data that is ready to plug into accounting tools or financial dashboards. 
3. Automated and Shareable: Reports can be scheduled and automatically sent to your email, making end-of-month reconciliations effortless.
4. Pre-Built and Customizable: In addition to a one-click Finance Summary, you can access detailed reports on: Sales, Gift Cards, Total Payments/ payout, Gross Profit, and Breakdown of Transactions. All such data is now available in a single report.

These are the kinds of reports that the accounting department depends on for accuracy.

Conclusion

Report Pundit’s Finance Summary Report is built for those who want a simple report, everything in one place. It’s not just about tracking numbers. It’s about getting clear data that helps in better business decisions.

So if you're tired of clicking around, exporting multiple files, and missing key financial metrics, give Report Pundit a try. Because at the end of the day, you deserve a finance report that works as hard as you do.