The MarginDriver Gross Profit Statement (GPS) is a monthly summary of the gross profit results for every order from every sales channel. It is essentially a monthly financial statement that accounting users can convert into journal entries and post to the general ledger.

By default, the Gross Profit Statement opens to display the year-to-date monthly results for the current year. Results from previous years can be accessed by choosing a different year from the dropdown menu.

Users can also toggle the GPS Detail Level to view the individual sales channel results (Expanded) or the summarized totals for the whole company (Collapsed).

The full Gross Profit Statement can be exported to a .xlsx file by clicking Export.

The financial results collected in the Gross Profit Statement are:

Revenue

Product Revenue

Shipping Revenue

Total Revenue

Cost of Goods Sold

Product Cost of Goods Sold

Shipping Cost of Goods Sold

Total Cost of Goods Sold

Fees (an itemized list of the fees for each sales channel can also be seen for the entire month by clicking on the dropdown arrow)

Gross Profit

Total Gross Profit

Adjusted Gross Profit

Net Profit Calculation

MarginDriver leverages its connections with Xero and Quickbooks Online to import operating costs and provide the user with a real-time estimate of their month-to-date net profit.

[This assumes either Xero or Quickbooks Online has already been integrated with the MarginDriver account. To complete an accounting integration, go to the Sales Channels and Integrations page and click on Add New Accounting Integration.]

Clicking Enable will import the actual monthly operating expenses for any given month on a contiuous basis. The user should only choose to import the monthly operating expenses once that month's accounting books have been closed. MarginDriver will then use the closed months' actual operating costs to estimate the operating costs for the current month up to the current date. All estimated operating expenses in the GPS are displayed in orange and the actual operating expenses are in black.

Actual (Estimated) Operating Costs - this value is the sum total of the operating costs imported from the general ledger for that month. Click the down arrow to reveal the full list of accounts that comprise the total operating costs.

Actual (Estimated) Net Income/-Loss - the user's net profit for the month after deducting the operating costs from the total gross profit and accounting for any Adjustments Made in User's GL to MD's GPS.

Additional Financial Information

The Additional Financial Information section displays relevant data that is not included in the journal entries that are passed to the user's general ledger.

Gross Profit Margin

Balance Sheet Transactions

Capital (includes items like Amazon capital loans and/or loan payments that impact the user's Amazon A/R)

Inventory (includes items such as Amazon FBA inventory reimbursements that impact the user's Amazon A/R)