Store Management / Accounting / Cost of Goods

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Introducing a full-featured Profit and Cost of Goods Tracking plugin for your WooCommerce Store. This plugin adds Profit Reporting functionality to your store, allowing you to evaluate not only revenue but also costs and profit. With this information, you can make better marketing and sales decisions to optimize your store’s revenue.

Profit by Date report

Easily track total profit and cost of goods by adding a “Cost of Good” field to your simple and variable products. Costs are automatically calculated on checkout, providing you with accurate profit information in addition to sales data. The in-depth reports provide you with the details you need to improve your bottom line.

Costs in Product Table Display

The plugin gives you vital information about your business by adding information about store profit and most profitable products. You can add a Cost of Good to each product, including variations, to always know the total costs of products sold in each order. This allows you to make informed decisions and improve your revenue.

Add Costs to Products

With this plugin, you can quickly add a Cost of Good to each product, including variations. This allows you to calculate your total order costs and know what you really earned on every order, not just how much you sold. The total costs for each order line item are saved at checkout, ensuring that your historical costs are always accurate, even if your costs increase in the future.

Focus Your Marketing on Top Products

The Cost of Goods extension helps you determine your true top products by showing you which products are most profitable and least profitable for your store. This information is valuable in deciding where to focus your marketing efforts. By knowing which products generate the most profit, you can create effective campaigns and promotions to drive sales.

Detailed Reporting

Tracking your cost of goods is pointless without in-depth reporting to give you actionable information to improve your profitability. The reports provided by this plugin include:

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

These reports provide valuable insights into your store’s performance and help you make informed decisions to improve your profitability.

Powerful Configuration

The plugin allows you to apply costs to previous orders, giving you immediate insight into the profitability of your store. You can add costs for your products and update any orders placed before using this extension. This feature saves you time and allows you to analyze your most and least profitable sellers without waiting for new sales to roll in.

How to Get Started

To get started with this plugin:

1. Buy and install the plugin into your WooCommerce store.
2. Add a cost to each of your products.
3. Optionally apply those costs to previous orders.
4. Check your profits under WooCommerce > Reports > Profit.

It’s as simple as that! Sit back and enjoy the insights provided by your shiny-new Profit Reports!

Feedback

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