Business Management | Resources

Financial Management Made Easy: Google Sheet Calculator For Etsy And Shopify Sellers for free

Oct 12, 2023 | Shivangi Rani

Running an online store can be a lot of work. There's so much to think about, from product development to marketing to customer service. And on top of all that, you also need to keep track of your finances. If you're an online store owner, you know that there are a lot of different costs associated with running your business. From platform fees to transaction fees to shipping costs, it can be hard to keep track of it all. And if you're selling on both ETSY and SHOPIFY, it can be even more difficult. If you are tired of manually calculating your ETSY and SHOPIFY finances, our calculator can automate the process for you, saving you time and hassle. It helps you in expense tracking and profit tracking, so you can stay on top of your finances and make informed business decisions.


WHAT IS THIS TOOL FOR E-COMMERCE ENTREPRENEURS THAT WE ARE TALKING ABOUT?

This is a common ground for both Etsy Calculator and Shopify Calculator, the Google Sheet-Based Etsy and Shopify Calculator. It is a free tool that you can use to calculate your costs, profits, and profit margins for both Etsy and Shopify. It's easy to use and doesn't require any coding knowledge.

In simpler words, our Google-Sheet calculator is a handy tool that can help you with financial automation, and calculate your costs, profits, and profit margins effortlessly, so you can see exactly how well your business is doing. You can access it from anywhere and collaborate with your team if needed. You can have a look at the interface this tool offers in the picture below:

                      




HOW TO UNLOCK THE POWER OF THE OUR CALCULATOR?

The usage of our calculator is as easy as pie!

  1. It's a Google Sheets-based tool that you can access from our website as mentioned previously. 

  2. Make a copy of the spreadsheet.

  3. Once you have opened the new sheet, you can see that the calculator has a variety of templates in the form of sub-sheets that you can use to input your data. To use the calculator, simply enter your item price, quantity sold, and other relevant information, and the calculator will do the rest. It will calculate your total costs, including platform fees, transaction fees, shipping costs, and any other costs that you have, your total profits, and profit margins, depending on which sub-sheet you are on. Let’s say, you wish to calculate the profit margin of a specific category of product (profit margin in the picture shown below)


                                 


  1. Input your data. Enter the relevant details (wholesale price, customer purchase price, shipping cost, etc. in our example).

  2. Once you've added your data, let the calculator do the magic! It will calculate your profit and profit margins in real-time, giving you valuable insights into your business's financial health.

You can see in the above picture, that the amounts bordered in red have been changed and the results have changed automatically in the green-bordered amounts.

WHAT AMAZING FEATURES DOES IT OFFER?

We showed you the feature of the profit margin calculator in the above example, but that’s not just it. You can unlock a lot of other features as well, which are as follows:

  • Cost Calculator: The calculator allows you to input various costs associated with running your E-Commerce store, such as product costs, shipping fees, and advertising expenses, and helps in totaling all of it and further calculations.

  • Revenue Tracker: You can easily enter your revenue and sales figures, including discounts or promotions. The calculator automatically updates your profit and profit margin in real time.

  • Profit Margin Analysis: You can get instant insights into your profit margins. Understand which products or sales channels are most profitable and where you might need to make adjustments.

  • User-Friendly Interface: Our Etsy and Shopify Calculator is built on a spreadsheet, making it intuitive and familiar to use for anyone with basic spreadsheet skills.

  • Compatibility: It works seamlessly with both Etsy and Shopify, so no matter which platform you use, you can rely on our calculator to streamline your financial management.


WHY SHOULD YOU USE OUR FINANCIAL SUPERHERO?

  • Save time: The Etsy and Shopify Calculator can save you hours on manual calculations, so you can focus on growing your business instead of getting bogged down in numbers.

  • Eliminate errors: The Etsy and Shopify Calculator ensures precise and consistent results every time, so you can be confident that your financial data is accurate.

  • Make informed decisions: The Etsy and Shopify Calculator provides valuable insights into your business's financial health, helping you make evidence-based decisions about pricing, discounts, and promotions.

  • Optimize costs: The Etsy and Shopify Calculator helps you gain a clear understanding of your business expenses, so you can identify areas where you can save money. It also helps in optimized pricing.

  • Set and track financial goals: The calculator can help you set realistic financial goals and track your progress toward achieving them.

  • Estimate monthly profits and expenses: This will help you budget effectively and make sure your business is profitable.

  • Identify areas of saving money: The calculator can help you identify fees that you may be able to reduce or eliminate.



HOW THIS CALCULATOR CAN HELP YOU GROW YOUR BUSINESS?

The Google Sheet-Based Etsy and Shopify Calculator can help you grow your business in several ways, including:

  • By helping you identify areas where you can save money, you can free up resources to invest in other areas of business, such as marketing or product development.

  • By helping you in business finance management and subsequently making better business decisions, you can increase your sales and profitability.

  • By helping you understand your costs, profits, and profit margins, you can set more realistic prices for your products.


CONCLUSION: FINANCIAL FREEDOM FOR ETSY AND SHOPIFY SELLERS

The free Etsy and Shopify Calculator is like a financial compass for e-commerce entrepreneurs. It helps you navigate the complex world of fees and stay on track to achieve your business goals. It’s a must-have tool for e-commerce entrepreneurs in today’s era to help unleash your inner financial wizard. It's the magic wand that will solve your financial worries and help you achieve your financial goals. So what are you waiting for? Get started with this financial planning tool today by clicking the calculator button below to see the difference it can make in your business!



Etsy and Shopify Calculator Download Sheet 


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