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The best financial reporting apps for Shopify in 2024

Written by
Adam Sturrock
Published on
June 20, 2024

Shopify, the go-to platform for eCommerce enthusiasts, hosts a plethora of merchants across various industries, continuing to dominate the online selling space. With its user-friendly interface and robust features, Shopify caters to businesses of all sizes, from startups to established brands, seeking to streamline their online operations.

As a Shopify merchant, having access to accurate and insightful financial reporting is paramount for making informed business decisions and driving growth. In the ever-evolving digital marketplace of 2024, the right financial reporting apps can provide you with essential data and analytics to optimize your store's performance and maximize profits.

With a multitude of financial reporting apps available in the Shopify App Store, selecting the most suitable ones for your unique business needs can be a game-changer. The efficiency and accuracy of these apps can significantly impact your financial management, budgeting, and forecasting, ultimately leading to improved overall business performance.

Whether you are just starting your eCommerce journey or looking to enhance your existing Shopify store, the right financial reporting apps can empower you to take your business to new heights in 2024. Let's explore the top financial reporting apps that can help you make the most out of your Shopify store this year!

Shopify, the leading e-commerce platform, is home to over 2 million active stores, representing a substantial 20% of the global e-commerce market. Shopify is especially renowned for accommodating a diverse range of merchants, from newcomers setting up their first store to large enterprises and household brands. Shopify's accessibility for beginners and scalability for major businesses make it an ideal choice for many individuals and businesses.

The platform provides a wide array of free and paid templates, effectively reducing development costs. Additionally, there are specialized Shopify agencies and experts proficient in handling a wide variety of requirements, offering a valuable resource for those who might otherwise need to build a comprehensive in-house team.

However, with over 7,000 Shopify apps available, choosing the right financial reporting apps for your Shopify store is crucial for effective business growth and efficient operation. This selection process and the resulting financial reporting apps utilized can significantly impact the management and scalability of a Shopify store.

With this in mind, this guide has been crafted with beginner eCommerce store owners to ambitious and sophisticated Shopify businesses in mind. The Shopify financial reporting apps we've selected are also immensely beneficial for medium and large Shopify stores that aim to outshine their competitors.

Let's dive into our top financial reporting app recommendations for Shopify!

#1 Shopify App Award

1. Twik Personalization

Twik PersonalizationTwik PersonalizationUnderstand user behavior for better decision makingTwik PersonalizationTwik PersonalizationUnderstand user behavior for better decision making

Free plan available. Free trial available.

Achieve a profound uptick in conversion rates and AOV with autonomous personalization, specifically tailored to present consumers with the products they most desire. Transform your marketplace endeavors with this app, designed to revolutionize your store navigation and product collections, enhancing discoverability for shoppers.

Unlock the benefits of a unique shopping experience for each user, as this sophisticated piece of technology smartly reorganizes store assets to streamline user searches. Starting small, this app astutely targets a limited shopper population, learning and adapting itself over time to optimize personalization tactics, continuously yielding more effectiveness.

Relish in the ease of use as this solution requires no configuration, eliminating the need for continual maintenance. Invest your time and resources productively elsewhere, while this app handles the complexities of consumer personalization, driving business growth with minimal intervention. An artefact in the evolution of marketplace technology, it brings personalization right at the fingertips of store owners.

Twik Personalization is developed and maintained by Twik Technologies ltd..

Twik Personalization has an average rating of 3.8 out of 5 stars with 73 reviews from Shopify stores.

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#2 Shopify App Award

2. QuickBooks Online Global

QuickBooks Online GlobalQuickBooks Online GlobalSee what you make and spend at a glance.QuickBooks Online GlobalQuickBooks Online GlobalSee what you make and spend at a glance.

Free plan available

Seamlessly intertwining your Shopify marketplaces, no matter their global location, with your QuickBooks Online account has never been easier. A tool designed for entrepreneurs expanding their markets beyond the United States, the app allows for effortless synchronization and organization of your inventory and accounting data. Creating invoices or adding new customers and products can be a time-consuming process, but this intelligent software takes over the task, standardizing and streamlining your operations.

An edge you didn’t know you needed, the app effortlessly combines critical financial elements such as income tracking and expense management, putting you ahead in maximising tax deductions. This reliable partner in your Shopify journey not only augments the handling of your multi-storefront scenario but also orchestrates in unison with QuickBooks Online, allowing for a unified, centralized and harmonized business hub. Instrumental for business scaling, this app is the key to unlocking financial accuracy and efficiency in your ecommerce operations.

Experience the simplicity of automation, the robustness of integrated data, and the peace of mind it brings for your business finance management. Unlock the potential of your online marketplaces and wave goodbye to manual data entry and processing, welcoming the next level of ecommerce proficiency.

QuickBooks Online Global is developed and maintained by Intuit.

QuickBooks Online Global has an average rating of 4.9 out of 5 stars with 2490 reviews from Shopify stores.

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#3 Shopify App Award

3. Data Export IO: Reports

Data Export IO: ReportsData Export IO: ReportsPre-created reportsData Export IO: ReportsData Export IO: ReportsPre-created reports

Free plan available. Free trial available.

The transformative capabilities offered by this meticulous data consolidation tool can drastically enhance the management of your Shopify shop. The crux of this app lies in its highly intuitive and customizable reporting feature. Harness necessary data points such as sales, inventory, POS, refunds, orders, and customer data to gain actionable insights.

Modification has never been simpler, thanks to the intuitive Report Builder. Review live records, line item specifics, custom fields, and even distil data based on timeframes – weekly, monthly, or quarterly. Also, empowering your decision-making process with data aggregated from taxes or payouts.

The Scheduler feature adds to the convenience, allowing seamless data transmission via email, FTP, or Google sheets/drive, either on a basic or advanced schedule. The handy formatting options enable you to choose from Excel, CSV, or PDF, suiting your business's unique needs.

Perhaps the most noteworthy attribute of this app is its provision for free, expert-guided assistance. Aiding not just in the smooth implementation, this will ensure you capitalize on the app's robust features to derive the best value. The app's user-friendly interface and support for automation truly make it an indispensable addition to any Shopify merchant.

Data Export IO: Reports is developed and maintained by Estore Automate.

Data Export IO: Reports has an average rating of 5 out of 5 stars with 2185 reviews from Shopify stores.

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4. Report Pundit

Report PunditReport PunditPre-created Reports like Orders Inventory Products Sales TaxesReport PunditReport PunditPre-created Reports like Orders Inventory Products Sales Taxes

Free plan available. Free trial available.

Unearth the power of data with this advanced Shopify reporting tool. The app offers a flexible and comprehensive platform that unlocks access to all Shopify data, empowering you to generate custom-tailored reports that align with your unique business needs. Savour the convenience offered by pre-designed reports and rest assured with the knowledge that live chat assistance is only a click away.

With this tool, users can efficiently construct cohort tables, visual charts, and dashboards; tools that succinctly concisely present your key business metrics, making data analysis easier and quicker. It offers a wide variety of report categories ranging from sales, products, and inventory, to taxes, orders, payouts, and customer data, covering all crucial aspects of your e-commerce venture. This also extends to third-party applications, transactions, fulfillment, POS, and Cart Attributes, allowing you to holistically oversee every business facet.

Regardless of the data report you need, export the information effortlessly in the form of Excel, CSV, or PDF files. So, why wait? Step into the realm of strategic data-driven decisions with this inclusive reporting tool, crafted to unravel insights that drive business growth.

Report Pundit is developed and maintained by Estore Automate.

Report Pundit has an average rating of 5 out of 5 stars with 1547 reviews from Shopify stores.

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5. Better Reports

Report PunditBetter ReportsReports listReport PunditBetter ReportsReports list

From $19.90/month. Free trial available.

Unearth invaluable business insights with an advanced data analysis tool designed to make your metrics count. Specializing in thorough sales, payments, inventory, and customer analysis, this app offers abundant pre-built templates and a wealth of custom reporting options to fit your unique business needs. Burst through the limitations of data with an array of custom fields, metrics, and formulas.

Whilst its customizable functionality is comprehensive, it also values ease and efficiency, allowing for your perfectly tailored report to be exported promptly or scheduled for automatic email dispatch to your team. The integration with POS and Google Sheets further simplifies data management and aids real-time monitoring. Multi-store reporting and multi-currency features eliminate the boundaries in your business scope, supporting your Shopify store on its path to global success.

Step up from basic analytics tools with this comprehensive app β€” offering a powerful combination of data analysis, flexibility, and automation. It's not just about having information, it's about having the right tool to dissect and understand it. Level up your data game and unlock a new world of business intelligence.

Better Reports is developed and maintained by Better Reports Technologies.

Better Reports has an average rating of 4.9 out of 5 stars with 1076 reviews from Shopify stores.

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We hope you found this guide on the top financial reporting apps for Shopify useful.

Did we miss an app you think should be included in this guide, please let us know!

Top Shopify financial reporting apps FAQ

Which financial reporting apps do I need for my Shopify store?

You’ll want to take advantage of the many financial reporting apps and integrations available to make your Shopify store the best it can be. Every financial reporting app highlighted in this article can help take your Shopify store to the next level! With that said, if you can't find what you're looking for in this guide, we recommend checking our comprehensive list of every Shopify financial reporting app!

What is the best financial reporting app for Shopify?

The Shopify App Store is always adding new apps, but by analyzing merchant reviews, average ratings, estimated install counts, pricing and other signals we've identified that Twik Personalization is one of the top Shopify financial reporting apps available for merchants in 2024.

With that said, it’s not always the best idea to just go for the most popular app or our recommendations. Always look at how many Shopify stars the app has and what the reviews are saying about the app itself. Where possible, we highly recommend testing apps you are considering by leveraging free trials before commiting to any fixed monthly subscription costs.

Why do I need to install a Shopify financial reporting app?

Whilst Shopify comes with a broad range of features and capabilities out of the box, many financial reporting apps go above and beyond what Shopify can provide. Every store has unique requirements and a diverse range of apps are available to meet these needs.

How many financial reporting apps are recommended for Shopify?

We recommend including atleast one financial reporting app for your Shopify store if this type of app would be beneficial for your store. There are a lot of free options out there and some great financial reporting apps that will help you run your business as smoothly as possible.

Can I build my own custom financial reporting app for Shopify?

The short answer is yes ofcourse! Shopify provides a lot of great documentation to build financial reporting apps.

The longer answer is that you should weigh up the upfront time, resources and costs of building a custom apps vs finding a financial reporting app that handles the majority of your requirements for free or for a low monthly fee.

Ofcourse if you can't find a suitable financial reporting Shopify app to meet your needs then it's definitely worth investigating what it would take to build the app of your dreams!

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