Introduction
Finpose is a financial tracking solution for WooCommerce store owners. It lets you track your operating spendings, inventory, taxes, accounts and sales data on monthly basis and compare changes over time. It might also be used as a simple accounting solution for your online store.
If you want to know how your business is doing financially, Finpose provides you basic tools to track all monetary actions regarding your store operation.
Modules
Dashboard
Quick overview with metrics covering all financial aspects for your WooCommerce store.
Spendings
Spendings is a special module where you can record every spending associated with your store operation and get insights on areas you spend most. Spendings module consist 3 main types : Costs, Expenses, Acquisition. Each spending type consists several categories. You can also create your own custom categories to categorize your spendings correctly.
Taxes
You can easily get monthly tax reports (tax payable/tax receivable) over taxes page. For all sales that was completed, tax payable information is automatically retrieved from WooCommerce. Tax receivable information is automatically retrieved from spendings you made. You can also record your taxes paid to track your yearly tax balance accurately.
Accounts
All payments received/made are recorded into choosen accounts, so you are able to track account balances for each month. You can also simulate transfers between accounts to reflect actual balance for each account. Default payment gateways for your online store can easily be added as accounts with a single click.
Inventory
For each product in your WooCommerce store, you can set stock levels and add new units into stocks. You can also set unit cost (Cost of Good Sold) each time you add new inventory record. Inventory page also provide estimated run out date and profit margins for each product. As a WooCommerce store owner, you will also know total stock value of your store instantly, on-demand.
Orders
In addition to standard WooCommerce reporting, Finpose will provide you a single list of sales data, including countries, payment methods, tax & shipping amounts for each order. You can also easily get a view of best performing countries and products in your WooCommerce store.
Reports
Automatically generated reports (PL and balance sheet) to provide financial snapshot of your store.
Vendors
When purchasing items from several vendors, you can track each vendors balances and review payments made whenever needed. All payments can also be recorded in spendings module automatically.
Benefits
- Can be used to track and cut unnecessary spendings
- Lets you manage Inventory easily
- Provides simple accounting functionality
- Provides archiving functionality, so you can access financial information for previous months
Features
- Access Limit : Finpose is only accessible by following defined user roles (Super Administrator / Shop Manager)
- Light weight & Easy to use
- AJAX submits : Most forms are submitted without a page reload, so you can quickly add your costs, expenses…etc. back to back.
- Integrated with WooCommerce : Orders, taxes and shipping values are automatically reflected on related pages.
- Data Exports
- Timeframe selectors
