2.9.9 WooCommerce Cost of Goods

Product DescriptionOverview

Fully functional profit and cost of goods tracking for your WooCommerce store.
WooCommerce gives you access to great reports on revenue and top sellers or earners. Now, we’ve added profit reports to make these reports even more valuable! You can assess not only revenue, but also costs and profits, all in your WooCommerce store. You can assess not only revenue, but also costs and profits, all right in your WooCommerce store. Quickly and easily get the information you need to make marketing and sales decisions to optimize your store’s revenue.

WooCommerce cost of goods Profit by date
Profit reports by date
Easily track total profit and cost of goods by adding the “Cost of Goods” field to both simple and variable products. Costs are automatically calculated at checkout, so you can see your profit in addition to simple sales information, and in-depth reports provide just the detail you need to improve your bottom line.

WooCommerce Cost of Goods Product Sheet Display
Display of costs in the product table
How “cost of goods” can improve your reporting
Provide you with important information about your business – adding information about store profits and the most profitable products so you know about more than just revenue.
For each product (including the different ones!) Add a “Product Cost” to keep track of the total cost of products sold in each order.
After setting the product cost, apply the cost to previous orders (orders placed before installation).
View profits and costs by date range, by product, or by product category NEW
Export profit/cost report data to CSV format New
Include costs in orders exported using the Order/Customer CSV Export Suite.
Include costs in orders exported using the Customer/Order XML Export Suite, the new
Compatible Products CSV Import Kit
Editable Line Item Costs for Editable Orders New
Gain insight into your most profitable and least profitable sellers, so you know where to focus your marketing efforts.
View total inventory estimates based on retail price or cost of goods.
Quickly view costs next to prices in your product manager sheet display.
Add Costs to Products
Quickly add a cost of goods for each product, including product variations, which is then used to calculate your total order cost, so you always know what you’ve actually earned on each order – not just how much you’ve sold. The total cost of each order line item is saved at checkout, so even if your costs increase in the future, your total cost is always historically accurate.

WooCommerce Cost of Goods Simple Product Cost Configuration
Simple Product Cost Configuration
Adding costs to variable products is also simple. You can add default costs for all variables, or set the costs for variables manually.

Focus your marketing on top products
The Cost of Goods extension allows you to identify your true top products by seeing which products are the most profitable for your store and which are the least, not just the ones that generate the most revenue.

WooCommerce Cost of Goods most profitable products widget.
The Most Profitable Products
WooCommerce Cost of Goods Least Profitable Products widget.
Least Profitable Products
Maybe you use the WooCommerce URL Coupons extension to track pay-per-click or print ads? Now you know which products to create coupons for because you know which products will make the most money for your store.

Detailed report
Tracking your cost of goods is meaningless without in-depth reports that provide you with actionable information to improve your profitability. Reports include

Profit by Date – View your net sales, cost of goods, profit, and average profit per order for any date range.
Profit by Product – View your net sales, total cost of goods, total merchandise profit and total merchandise purchases for a given date range.
Most Profitable / Least Profitable Sellers – View your most profitable or least profitable products for the given date range.
Category Profit – View the total profit for any product category or multiple categories within the given date range.
Inventory Valuation – View the total value of your inventory, calculated using retail price or cost of goods.


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