WooCommerce Cost of Goods

The WooCommerce Cost of Goods plugin is a powerful tool designed to help store owners track the cost of their products and accurately calculate profits.

This plugin is especially useful for businesses looking to improve their revenue and make informed marketing decisions.

Here are some of the features of the WooCommerce Cost of Goods add-on :

• Earnings reports:

The plugin provides detailed revenue reports, allowing users to evaluate revenue, costs, and profits directly from their WooCommerce store. This feature helps in making strategic marketing and sales decisions.

• Track costs:

Users can easily add a “Cost of Goods” field to simple and variable products. This allows for automatic cost calculations at checkout, ensuring store owners see their actual profit on each order.

• Historical accuracy:

The total costs for each order item are saved at checkout, meaning that even if costs increase in the future, the historical data remains accurate. This is crucial for analyzing past sales performance.

• Variable products support:

The plugin allows you to easily add costs to variable products, either by setting a default cost for all variants or manually defining costs for each variant.

• Operational reports:

The detailed reports generated by this plugin provide insights into the most and least profitable products, enabling store owners to focus their marketing efforts on high-performing products.

• Enhance decision-making process:

By providing clear visibility into costs and profits, this plugin enables store owners to make data-driven decisions that improve profitability.