One of our clients came to us with a problem. They had an agreement where they would share the profits, 50/50, from one of their applications with a 3rd party. They also needed to produce a financial report each month of the exact sales figures from each of their apps. They were having trouble processing this data and wondered if we knew of a solution.

Tools such as Distimo, AppViz and App Annie can help to give you an insight into roughly how much you’ve made, but for 100% accurate financial reporting, neither our client or us could find a solution. The problem with the aforementioned services is that they use the current day’s FX rates to calculate the amount of revenue in your local currency. This is great for daily reporting as you can see roughly how much money you have made each day. However, when Apple transfer money to app developers through iTunes Connect at the start of each month, the exchange rates do not match up.

The only way to produce a 100% precise report of app sales each month is to use the FX rates in your own iTunes Connect portal, along with the detailed financial reports that iTunes Connect publishes each month for your apps. This can be very time consuming if you are selling more than one app and even more so if you are selling it in multiple countries.

This app was built for developers with apps for sale through both the iOS and Mac App stores, but was originally built for us by ourselves when we ran into the troublesome issue of trying to manually parse the sales revenue files and FX rates you get at the end of the month from iTunes Connect.

We are very pleased to announce that our Mac app, ConnectReporter, was made available for sale on the Mac App Store today. You can download it from the Mac App Store now, or visit our ConnectReporter page to find out more about the app and what it does.