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How do I record a sale and track my profit?

How do I record a sale and track my profit?

Written by Shane Jordan

To record a sale, open the item and tap Mark as Sold, then enter the sale price and shipping details. Flippd automatically calculates your profit.

Step-by-Step

  1. Find the item -- it can be Listed or Unlisted; you don't have to list it first

  2. Tap the item to open its details

  3. Tap Mark as Sold (or choose it from the menu in the bottom bar)

  4. Enter the sale details:

  • Gross Price -- What the buyer paid

  • Shipping -- What you paid to ship

  • Fees -- Automatically calculated based on the platform

  • Date Sold

  • Date Listed -- Filled in for you if the item was already listed

  1. Tap Mark as Sold

Flippd calculates your profit: Sale Price - Cost - Fees - Shipping = Net Profit

More Fields on the Form

  • Quantity Sold -- Appears when the item has a quantity above 1, so you can record a partial sale and keep the rest in stock

  • Sales Tax -- Tax you collected, kept separate from your sale price

  • Advanced > Adjustments -- Change your profit after the fact: a Cost adjustment for returns, extra fees, or promotions, or a Credit for money you received such as a shipping overcharge or partial refund

Good to Know

  • Fees are approximations based on your platform settings and may vary. You can edit the Fees field directly, or tap the next to it for a fee calculator

  • Date Sold must be on or after the Date Acquired

  • To sell several items at once, multi-select them in the inventory list and tap Mark Sold. The sale price is pre-filled from each item's list price -- adjust it if something sold for a different amount

  • Your profit appears immediately in your Reports and Home dashboard

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