WooCommerce Cost of Goods Sold

Avoid Potential Losses by Monitoring Real Time Profit Margins

The default WooCommerce analytics section just shows you the amount you have earned by X number of products, its net sales calculation does not take into account the cost at which product(s) were acquired, marketing, and overhead expenditures. Without taking into account these expenses you may never know what your real margins are and if you are profitable or not. However, with this WooCommerce Cost of Goods Plugin, you can monitor and keep track of real profit margins by adding costs related to a product. The reports generated by this extension can be helpful for merchants in decision-making and re-adjusting their marketing strategies.

Add Cost from Using CSV Import

Using this WooCommerce Cost of Goods extension, merchants can import costing data in bulk and export sales and cost reports. For importing cost data this extension gives you a pre-formatted CSV file where you can add your products and their costs and upon uploading the file the costs of products will be updated.

This plugin will automatically attach the relevent reports to products, admin will just have to provide the product id, product name and cost attached to it.

Apply COGS Rule on Previous Orders

This extension also allows admin to add newly created cost of goods rules to pre-existing orders. Admin can also lock the costs of product, once locked they won’t be effected by new rule creation unless admin unlocks them. In addition to this store, the admin can select the order status at which the sale will be recorded in reports.

View Detailed Stock Reports

This extension generates a very detailed stock report where merchants can see the stock details of products in their stores as well as the potential profit they will be receiving upon selling these products. The stock report in WooCommerce cost of goods contain the following items:

° Product                                   ° Stock status

° Product Price                         ° Product Total Price

° Product Cost                          ° Product Total Cost

° Potential Profit

Export Cost of Goods Reports in CSV

In addition to importing costing data in bulk from foreign sources, this extension also allows export of sales reports and stock. Sales and Stock data can be exported in CSV format. Admin can also choose from existing time periods or choose a custom date for which the sales data is required in CSV format.