WooCommerce Cost of Goods

Version: v2.13.3

Last Update: October 12, 2024

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WooCommerce Cost of Goods

The WooCommerce Cost of Goods extension is a powerful tool for e-commerce businesses using WooCommerce. It allows you to manage the cost of goods associated with your products, giving you a better understanding of your profitability. Here are some of the key features and functions of this extension:

1. Assessing Product Profitability:

WooCommerce provides sales data, but it does not include the cost of goods sold. This extension allows you to input the cost of goods for your products, enabling you to calculate the profitability of each product.

2. Revenue and Profit Tracking:

You can track not only your sales but also your payments and income within your WooCommerce shop. This helps you understand your financial performance more comprehensively.

3. Profit by Date Range:

By adding the cost of goods for your products, you can track your earnings and product costs for a specific date range, helping you assess your profit over time.

4. Product Costs and Variants:

You can easily assign costs to your products, including product variants. This allows you to get a more accurate picture of your profits, considering the variations in your product offerings.

5. Top and Least Profitable Products:

The extension helps you identify your top-performing and least profitable products. This information is valuable for optimizing your product offerings and marketing strategies.

6. In-Depth Reporting:

The extension offers in-depth reports, including earnings by date, profit by item, most and least profitable sellers, profit by category, and inventory analysis. These reports provide actionable insights to improve your business.

7. Efficient Configuration:

You can request costs for previous orders and quickly set up costs for your products, whether they are simple or variable products. This configuration helps you stay up-to-date with your costs and profits.

By utilizing the WooCommerce Cost of Goods extension, you can gain a deeper understanding of your e-commerce business’s profitability, allowing you to make informed decisions and optimize your operations. This extension is particularly beneficial for businesses looking to track their costs, assess product profitability, and improve their overall financial performance.