WooCommerce Cost of Goods Sold

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WooCommerce Cost of Goods extension enables merchants to add product cost and generate a detailed revenue and stock report. This extension helps merchants in keeping a track of their real profit margins by adding cost using cost rules or CSV import.

Features

  • Add the cost of goods sold to track real profit margins
  • View a detailed report on products sold and their costs
  • View a detailed report on product stock and potential profit
  • Add COGS in Bulk to Products & Categories
  • View – Complete Features of WooCommerce Cost of Goods
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Compatible with Wocommerce Version 3.0.0 or Higher | Wordpress Version 4.0.0 or Higher

$49

  • Free Installation
  • 1 year free support
  • 30 day money back guarantee

Features of WooCommerce Cost of Goods

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 Costs Using Global Rules

Using cost of goods for woocommerce admin can create multiple rules to add relevant cost to products. While creating cost of goods rule admin can:

  • Select specific products and categories for adding costs
  • Select multiple products and categories for bulk addition of costs
  • Add costs input

This WooCommerce cost of goods sold extension also offers two cost adjustment modes to choose from which are:

  • Fixed – If price of product X is $10 and $4 is added as fixed cost then it will show the profit of $6 per product in reports.
  • Percentage – If price of product X is $10 and 40% is added as percentage cost then it will show the profit of $6 per product in reports.

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.

Add Cost at Product Level

In addition to adding costs using CSV import and Global rules, WooCommerce Cost of Goods extension also allows cost edition at product level. Adding cost via this method is really simple you just have to go to “product data” section in product’s setting and add products cost, its as easy as adding a prdoduct’s price.

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 Sales Reports

The cost of goods plugin for WooCommerce generates detailed sales reports which help merchants in keeping track of real-time profit after cost reductions. Extension’s sales report contains the following items:

° Quantity                        ° Retail Price

° Revenue                        ° Cost per product

° Total Cost                     ° Profit per product

° Total Profit                   ° Product Tags

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

Choose From Multiple Options to Filter Data Reports

Using this extension merchants can filter and view the data for the following time periods:

  • Year
  • Previous month
  • Current month
  • Last 7 days
  • Custom time period

In addition to this sales and stock data can also be filtered on the basis of products and categories.

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.

Multiple Options to Customize Generated Reports

Sales and Stock reports can be customized by:

  • Changing the number of products per page
  • Adding and removing tags column
  • Adding and removing margin percentage column
  • Adding and removing total cost column
  • Adding and removing profit column
  • Adding and removing currency symbol

More Features

  • Keep track of profit in real-time
  • Detailed sales report that contains:
    • Quantity                      
    • Retail Price
    • Revenue                       
    • Cost per product
    • Total Cost                     
    • Profit per product
    • Total Profit                   
    • Product Tags
  • Choose from 2 cost adjustment methods:
    • Fixed
    • Percentage
  • Filter reports by:
    • Products
    • Categories
    • Year
    • Previous month
    • Current month
    • Last 7 days
    • Custom time period
  • Add cost to variable products
  • Customize stock report by:
    • Product                                   
    • Stock status
    • Product price                         
    • Product total price
    • Product cost                         
    • Product total cost
    • Potential profit
  • Customize sales and stock reports by:
    • Changing the number of products per page
    • Adding and removing tags column
    • Adding and removing margin percentage column
    • Adding and removing total cost column
    • Adding and removing profit column
    • Adding and removing currency symbol
  • Add costing data using:
    • Rules
    • CSV import
    • Product data
  • Implement costs at previous orders

Technical Compatibility

  • WordPress Version Required4.6 or Higher
  • WooCommerce Version Required3.1.0 or Higher
  • Multi-Site SupportNo
  • LanguagesEnglish
  • WPML CompatibilityWPML Supported
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