WooCommerce Cost of Goods

WooCommerce Cost of Goods

WooCommerce Cost of Goods by SkyVerge is a powerful extension designed to help WooCommerce store owners accurately track and optimize their profits by including the cost of goods directly within their orders and insightful reports. While WooCommerce provides excellent sales and revenue data, this tool takes profitability analysis to the next level by integrating cost tracking seamlessly into your store’s workflow. By understanding not only how much you sell but how much you truly earn, you can make smarter inventory, pricing, and marketing decisions that boost your bottom line.

What sets WooCommerce Cost of Goods apart is its ability to manage costs at the product and variation level, maintain historical cost accuracy, and deliver detailed profit reporting that breaks down data by date, product, and category. Whether you run a store with simple or complex variable products, this extension provides a straightforward way to add costs, analyze profit margins, and highlight your most and least profitable inventory items. With user-friendly setup, bulk cost management, and advanced export options, this plugin transforms your WooCommerce store into a profit-focused powerhouse.

Key Features

• Cost of Goods Field for Products and Variations: Easily assign cost values to both simple products and product variations, ensuring your profit calculations are precise and comprehensive.
• Automatic Cost Calculation at Checkout: Costs are locked in at the time of sale, preserving historical accuracy even if product costs change later, so your profit margins reflect real transaction data.
• Profit by Date Report: Track net sales, cost of goods sold, total profit, and average profit per order within any custom date range to identify trends and optimize sales strategies.
• Profit by Product and Category Reports: Gain granular insights into which products and categories deliver the highest profits, enabling targeted marketing and inventory management.
• Most and Least Profitable Products Analysis: Quickly identify your top earners and underperformers to focus your promotional efforts for maximum ROI.
• Apply Costs to Previous Orders: Update historic sales data with accurate costs once you add product costs, offering immediate insight without waiting for new sales data.
• Inventory Valuation Reports: View total inventory value based on retail price or cost of goods, supporting better financial planning and stock management.
• CSV and XML Export Support: Export profit and cost reports easily in CSV format and include cost data when exporting orders with compatible export suites, simplifying your bookkeeping and data sharing.
• Editable Order Line Item Costs: Modify cost values for editable orders to maintain accurate profit records even after order changes.
• Product Table Cost Display: See cost information directly in your WooCommerce product management tables for quick reference and streamlined updates.
• Bulk Add Costs: Save time by bulk assigning costs to multiple products, making setup and updates scalable for larger stores.
• Seamless Integration with WooCommerce: Built specifically for WooCommerce by SkyVerge, ensuring compatibility with your existing store environment and future WooCommerce updates.