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- What does This month pays for itself show?
Reading your P&L Answer 14 of 36 Updated
What does This month pays for itself show?
It shows the day this month's sales paid for all of this month's fixed costs. Fixed costs are costs you pay even with no orders, like rent, salaries and software. In nouz, they are your overhead costs. The card sits on the Overview.
Under Fixed costs covered on, the card shows that day. Here is how nouz finds it. Each day, it takes what your orders left after product costs, shipping, payment fees and marketing. That is your CM3. It adds the days up from the 1st of the month. The first day the total reaches the whole month's fixed costs is the day shown.
An example. Your fixed costs for August are €6.000,00. By 18 August, your CM3 adds up to €6.050,00. So the card shows 18 Aug under Fixed costs covered on. Every euro of CM3 after that day is profit.
Before that day, the card says Not yet. A month with no overhead costs says None set, because there is nothing to cover. A chip beside the date compares with last month, like 3 days earlier than July. It only shows when last month is fully inside your store's history and also covered its costs.
The chart draws your CM3 adding up through the month. The dashed line is the month's fixed costs, and the grey line is last month. Point at a day, or use the arrow keys, to read it against the same day of last month. Open Insights takes you to the Overhead tab, which has the same kind of chart.
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More in Reading your P&L
All 36 questions- 12 What does the Overview show?
- 13 What does Profit today, so far mean?
- 14 What does This month pays for itself show? You are reading this
- 15 How should I read the margin waterfall?
- 16 What do the data health flags mean?
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