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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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