The formula
Daily profit = sales − cost of the goods you sold − the day’s expenses.
If you sold ₦50,000 of goods that cost you ₦38,000, your gross profit is ₦12,000. If you also paid ₦3,000 for transport and ₦1,000 for electricity that day, your profit is ₦8,000.
Mistakes that hide losses
These are the most common reasons a shop that looks busy is not making money:
- Counting money received as profit. Money in the drawer includes the cost of the goods you must buy again.
- Forgetting goods sold on credit: they are sales, but the money is not in your hand yet.
- Using the old cost price after your supplier raised prices.
- Leaving out small daily expenses (transport, data, fuel, small repairs) that add up every month.
- Taking money from the drawer for personal use without writing it down.
Make it a habit
Write every sale and expense as it happens, keep the cost price of each item, and check the day’s profit before you close. After a few weeks you will see your best days and your best-selling items.
Doing it in Zorvya
- Add your items with their selling price and cost price (or let purchases set the cost).
- Record each sale and each expense as it happens.
- Open the dashboard: today’s sales, expenses and profit are worked out for you.
- Close the day with a cash count to check the drawer matches the books.
Related guides
- How to track customer debts in your shop and get paid on time
- How to close the day and count the cash in your shop
Updated 2026-11-02.