The essential tool for monitoring the cost and profit margin of your products
Subtract costs from revenue and you get profit, your actual profit. It seems like an obvious concept, yet we often forget it when launching an e-commerce store and start selling online.
Maybe you wonder why your profit margins are so low when sales are going well. You wonder why, in spite of getting 50 orders a day, your business keeps losing money day after day until the company’s balance sheet is in the red.
The reason is almost always there, hidden in the folds of those costs you haven’t considered.
Therefore, when selling products in an online shop, a control tool that allows you to constantly monitor the performance of your e-commerce and analyze the relationship between product costs and net revenue becomes essential.
With YITH Cost of Goods, you can quickly and easily keep track of all your real costs (shipping, taxes, VAT, fees from various payment methods, etc.) and get a clear overview of which products have a higher profit margin (and are not necessarily the ones that sell the most), how to optimize inventory by removing products with too high costs from the sale, and what is the right selling price that covers costs and generates a real profit.
Not just a plugin but a real analytical tool that can make a real difference to the economic success of your e-commerce store.
Set the cost of each product and variation
In each product and variation, you will find a dedicated field where you can enter the base cost of the product (which is usually the retail purchase price). The plugin will add all extra costs to this amount to clearly define each product’s real cost and revenue.
Quickly set the cost of multiple products with bulk actions
Do you have 100 products in your shop, all with the same cost? Don’t worry, you won’t have to manually set it in each product: you can use the bulk action to quickly set the same cost for multiple products with just two clicks.
Choose which parameters to use when calculating product cost
Shipping costs, payment gateway fees, taxes: choose which costs to add to the price you set in the product and the plugin will automatically calculate the total cost to show in the reports.
Monitor the costs and profits of the entire product catalog in the dedicated dashboard
In a single table, you can monitor product prices, revenue based on the stock available for each product, costs, and profit margin, both in economic terms and as a percentage. With this dashboard, you can understand, at a glance, how your shop is performing and the actions to take to reduce costs and maximize profits.
Easily monitor available product stock and potential profit based on it
In the second dashboard included in the plugin, you can monitor the available stock of each product and its yield. This allows you to identify for which products it is appropriate to increase the stock and analyze the profits you could make based on the actual availability of the products.
Add costs to all the products of your shop
Use bulk actions to quickly apply the same cost to multiple products
Support for variable products: enter the cost for each product variation
Import product costs from WooCommerce Cost of Goods New
Cost and profit report
Choose which costs to enable (shipping, taxes, etc.) and include in reports
Filter sales reports by date, product, category, tag, or custom fields
Use the advanced dashboard to monitor the quantity sold, sales price, cost per unit and total cost, profit forecast, and profit margin (in numbers and percentage) of all the products in your shop
Use the dedicated dashboard to monitor products in stock and track potential profit from selling them
Export stock data to a CSV file New
Choose when to show products in the Cost of Goods reports: all orders, when orders are being processed, or only when orders are completed New
Compatibility with Aelia Currency Switcher: product costs will always be updated for each currency used in your store New
All the products in our YITH catalog are developed on the same shared framework. This grants full compatibility among all our plugins and allows combining them together to get even more powerful results and more complete solutions.
We do our best to also include compatibility with the most popular WordPress and WooCommerce plugins available on the market.
You can use this plugin with*:
YITH WooCommerce Multi Vendor
YITH WooCommerce Multi Vendor allows you to turn your online shop into a marketplace where vendors manage their own products and earn a commission on every sale. The integration with YITH Cost of Goods allows you to control how to calculate the vendors’ commissions when the product has a cost set and choose whether to include the cost of the product in the commission or not.
YITH WooCommerce Product Bundles
YITH WooCommerce Product Bundles is an extension conceived to create bundles with the combination of some products of your shop. You can assign an ad-hoc price to the bundle or a price given by the sum of the single elements contained in the bundle itself. The integration with YITH Cost of Goods for WooCommerce allows you to add a cost of good to the YITH Bundle products.
* All the plugins listed in this section are not included in YITH Cost of Goods for WooCommerce. In order to take advantage of a specific integration, you need to purchase and activate the premium version of the related plugin.
Only logged in customers who have purchased this product may write a review.
Here you can find some frequently asked questions about this plugin. If you can't find a reply to your doubts, ask a question: we will reply in a very short time
Can I include fees charged by Stripe and PayPal?
In the plugin settings, you have the option to include the order fees to the total cost. So, if the payment gateway fee is added as a new order item, it will be included in the product total cost.
I have the WooCommerce version of Costs of Goods already setup with costs. Can I import them to your plugin?
Yes, you can easily import all the costs that you’ve set up with WooCommerce Costs of Goods through the related button available in the plugin general settings.
Is it possible to have a sales report from a specific period showing every product and the quantity of each product sold? Let's say I want to easily check December 2019 to see all items sold in one report.
Yes, it is possible to filter sales by date, by product, and by categories. In your case, you can easily filter the sales from December and view the products sold during that period of time.
Does the plugin allow for different product costs for each variation?
Yes, you can set the costs for variations directly from the product edit page.
Can't find the answer?
Send us your question and we will reply very quick!