The Shopify Finance Report includes a few categories, and it's important to understand what they all represent. This article explains how the Shopify Finance Report calculates each of the values shown in the order below. Please note that this information is current as of April 2024.
The order below shows a USD order based in the United States. The figures presented in the order are exclusive of sales tax.
Values as represented on the Shopify Finance report as at 1 September 2023:
Gross Sales
Total Gross value of the Line Items (before tax)
$28.00 + $1.50 + $65.00 = $94.50
Discounts
Line Item Discounts + Order Level Discounts (before tax)
$9.75
Returns
Total Amount refunded
$0.00
Net Sales
Gross Sales - Discounts - Refunds
$94.50 - $9.75 = $84.75
Shipping
Shipping amount (before tax)
$6.50
Taxes
Tax amount
$6.39
Payments (right-hand side of the Shopify Finance report)
$94.50 - $9.75 + $6.50 + $6.39
$97.64
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