Ask developers why they make apps and you’re sure to receive a full spectrum of responses ranging from entirely rational to truly inspired. But no matter which way you slice it there’s one reason that’s certain to be ubiquitous: getting paid.
But how can developers know exactly how much money they’re supposed to get paid?
As anyone who’s tried to answer that question before can tell you, reliably calculating incoming payments from different app stores is no simple task. There are different financial calendars to consider, varying exchange rates to account for, multiple payment policies to keep track of, and the list goes on.
The details are certainly enough to make anyone’s head spin, and a lot of developers are feeling the pain. Several months ago, after many user requests, we set out to solve this problem, and today we’re thrilled to announce our solution: the Payments report.
Why you need it
- Accuracy first: Every app store has its own set of intricacies (different payment calendars, exchange rates, regions, etc.), so we built a system to diligently normalize the complexity of all the stores we track into a single data source you can always count on.
- Totals at a glance: Start off with a single number that sums up all your revenue (including app sales, in-app purchases, and ad revenue), and dig in for more information.
- Detailed breakdowns: Easily view payments grouped by individual stores and by individual products. If you ever tried to figure out the payment total for a specific iOS or Mac app, you know the reports Apple provides make it quite difficult. Our new Payments report does all the magic behind the scenes to give you accurate totals per app for every store.
- Fill in the blanks: Most stores release their financial reports at the end of each month, but no one wants to wait that long. When you choose a month that hasn’t ended yet the Payments report will automatically figure out if there’s another, less accurate data set it can use until the real data becomes available. Such numbers are clearly denoted as “Estimated”.
How is this report different from the other revenue reports?
Our other revenue reports are built around showing the most up-to-date information. While this information updates frequently, it isn’t 100% representative of what your bank statement may read at the end of the month (due to varying exchange rates and app store limitations). In contrast the new Payments report is all about total accuracy. It is based on the less frequently updated (monthly) financial data that’s provided by the individual app stores.
Where can I get it?
This report is available in the reports section of the site, alongside all of our existing reports. If you haven’t already click here to check it out.
Looks pretty simple, right? That’s the culmination of countless iterations by our engineering and design teams, as well as invaluable feedback from several pioneering members. We took great care to make sure we always present the most accurate data, and that it’s wrapped in a delightful interface. We already have some nice additions planned for this report, but first we can’t wait to hear your feedback!