Invoices and Expenses

Simplero doesn't integrate directly with an accounting software but we do offer the ability for you to pull your incomes and expenses so that you can put them into your accounting software, or print tax information when the time comes to need it. 


Invoices Screen

The invoices screen will allow you to see all invoices that are run through your Simplero account including credit invoices and charges. You can view the invoices by following these steps:

  1. Select Products from your Simplero Dashboard
  2. Select the Invoices tab
  3. You can View, Download and Print the Transactions and Tax report for accounting purposes

    Invoices_info_for_tax_purposes


Profit and Loss Report

Are you looking for your net profit on a specific product or your business as a whole? Simplero can quickly calculate it for you. 


For your business as a whole

You will log all your expenses with-in simplero in the Expense section under products. Then Simplero automatically at the top of the screen will show you a menu with your total income in Simplero, total expenses logged in Simplero and then calculate what you net. 

  1. Select Products from your Simplero Dashboard
  2. Select the Expenses tab
  3. You'll see a menu for Revenue, Expenses, Commission and Profits, and the option to Download a report

     Net-profit-large.jpg


For a specific product

Log all your expenses in Simplero and be sure to associate each expense with the corresponding product. Then when you are ready to see the expense report, type the product name in the Filter section.

When the screen refreshed, you will see the numbers at the top of the screen for Revenue, Expenses, Commision, and Profits for that specific product.

Product_expense_report_screen


Tax Documents

For tax reports,  

  1. Select Products from your Simplero Dashboard
  2. Select the Invoices tab
  3. Click the Tax report button

    Tax_report_button_in_Invoices
  4. You have the option to Download the report
    Tax_report_in_Invoices

For 1099s of your earned income, you will need to connect with your payment processors directly. 


Expenses Screen

Expenses will allow you to track your expenses to a specific product or for your overall business. Making it easier for you to determine a profit and loss on a specific product or your business as a whole. 

  1. Select Products from your Simplero Dashboard
  2. Select the Expenses tab
  3. In the Add expense section, enter a Label for the expense, Amount and select the Product if the expense is related

    Add_expense_in_Expenses_screen
  4. Click the Save button when done

Now the expense is saved in your expense log.

So then, if you want to find all the expenses related to a product to create a profit and loss report you will do a filter search for that specific product.