YITH Cost of Goods for WooCommerce

Subtract the costs from your revenue and you get the profit, your actual gain. This is one of those laws we learn in school and that we all end up taking for granted. Then we actually end up forgetting about it, when we decide to start a business.

And often we will start looking for a reason why our business is failing when it’s already too late. You wonder how the margins of your earnings could be so low, when sales were fine.
You wonder why, despite fifty orders per day, your business kept dying, little by little every day, until the company accounts have inevitably gone in red.
The reason is almost always there: hidden among the folds of those unaccounted costs that you somehow missed, that you did not consider.

This plugin is not subject to the GDPR as it does not store any sensitive information except for the ones used on WordPress and WooCommerce, which are already handled through their software.

YITH Cost of Goods for WooCommerce

4.63 out of 5 based on 8 customer ratings
8 customer reviews
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Not monitoring the cost of your products can mean the failure of your business.

Many businesses fail because their owners, as a matter of fact, didn’t plan an in-depth analysis of the relationship between costs and revenues. It’s the story of Jonathan, who bought clothes abroad to resell them on his e-commerce.

The sale price was higher than the purchase price and that was enough for him to believe he had a fair margin of profit. But Jonathan, in his enthusiasm and inexperience, forgot something. He had underestimated his shipping costs, forgot about customs costs and the costs of labeling individual garments. His business, which also had all the potential to succeed,managed to hold together only for about three months.

The most popularly sold product of its e-commerce, a t-shirt that customers could choose to customize, was the cause itself for the total bankruptcy of its business: it may have high sales, but the cost of customization – that were also underestimated from the beginning – they completely cancelled the profit margin.

Jonathan’s story is the story of all the entrepreneurs for whom we created our YITH Cost of Goods for WooCommerce plugin.

A simple and powerful control tool that allows you to constantly monitor your ecommerce trend and analyze the relationship between product costs and your net income. Through our panel you can include, for example, shipping costs, taxes, VAT charges, payment gateways and a 360 degree overview of your total costs: this will help you figure out which ones of your products have a higher margin of profit (which are not necessarily the ones that sell the most!), what kind of profit you will gain in case of promotions or discounts and which sale prices will cover all costs, especially those that often go unnoticed and that actually can make the difference in your business success.

Quick info

Requires: WordPress 4.7 or higher
Compatible up to: WordPress 4.9.x
Requires: WooCommerce 3.2.x or higher
Compatible up to: WooCommerce 3.4.x
Minimum PHP version: 5.4
Version: 1.1
Released: 2018-05-24
100% WPML Compatible: yes
Translation ready: yes
Languages: Dutch, English, Italian, Spanish
Support to:
  • All YITH plugins
  • All YITH themes

WITH YITH COST OF GOODS YOU CAN:

Set cost of goods in each of your products

For variable products you can choose if set or not a different price for each variation

Cost of goods in single product

Add cost of good to products by bulk action

modify the cost of different products at the same time with the product page bulk action

Set cost of goods with bulk operation

Know your benefits in real time and the potential profit of your stock

allow to the admins have info about the benefits of the store and having a estimation of your profits before you sell all your products

Sales reports

Export data into CSV file

to obtain all the info in a quick and safe way

Export csv

Filter your products to make your search easier by product, date, category, tag or custom field

facilitate the filtered of the products

Filter report results

enable/ disable shipping costs, tax and fees in the amount table

possibility of include the Shipping cost, Taxes and Fees to the total cost

General settings of the plugin Cost of Goods

view costs in orders

take a look of the item cost in the order summary

Cost of goods inside order page

Monitor your products inventory on a single screen

to take note of the potential benefit you would get from their sales

Stock reports

Take advantage of the wpml compatibility

You are free to easily translate the plugin with the powerful wpml to

Wpml Compatible

Customers' review

Rated 4.63 out of 5 stars
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8 reviews for YITH Cost of Goods for WooCommerce

  1. 5 out of 5

    (verified owner)

    It's a good solution, and 100% WPML compatible which was really important for me, and I was surprised to find out it was already available in Spanish!

    Was this review helpful to you? 0 of 0 people found this review helpful

  2. 5 out of 5

    (verified owner)

    Highly recommended.Wonderful plugin, it's exactly what I was looking for and helps me keep track of the cost of products I buy and the profit margin. It saves me a lot of time, really. Thanks for this great product

    Was this review helpful to you? 0 of 0 people found this review helpful

  3. 4 out of 5

    (verified owner)

    One of the newest additions to my webshop, easy well-developed plugin, I am only missing an integration with a currency switcher!

    Was this review helpful to you? 0 of 0 people found this review helpful

    • Hi Becky!

      Thank you for your review :)
      At the moment there is no integration yet,
      But we will study the possibility of integrating our plugin with a currency switcher and adding this in a future release,

      Best regards :)

      Was this review helpful to you? 0 of 0 people found this review helpful

  4. 4 out of 5

    (verified owner)

    Finally found it!Took some time finding this plugin, but with the help of the pre-sales lady I finally found it. Up until now I like the plugin and the set up as quite easy.

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  5. 5 out of 5

    (verified owner)

    this is exactly the plugin I was looking for for a while. I needed to enter the cost of each product and be able to calculate the profit margin and this plugin lets me achieve this. Moreover, it includes also predictive statistics that I find very useful. Thank you for this great plugin!

    Was this review helpful to you? 0 of 0 people found this review helpful

Questions and answers of the customers

  1. 0 votes
  2. 0 votes
    Answered by the admin Hello Miguel, unfortunately, this plugin is not integrated with Multi-Vendor at the moment, so this is not possible. Yet, Multi Vendor plugin includes its own reports and changing the vendors' commission percentage maybe could be a temporary workaround. I hope this can help :)
  3. 0 votes
    A

    Hello Valdemar,


    unfortunately, at this moment this feature is not implemented in the plugin and it has not been tested yet with external plugins. Anyway, this is a useful feature, so we will study the possibility of adding it in future updates of the plugins.

     

    Regards:)

  4. 0 votes
    Answered by the admin Hi Leandro, unfortunately, our plugin is not integrated with currency switcher plugins at the moment. We are planning to integrate them in one the next plugin releases, but there are no details available yet.
  5. 0 votes
    Answered by the admin Hi Quang, yes, the plugin already works like this. By default, only the administrator(s) can access to YITH Cost of Goods view. If your employees have the role "shop manager", for example, they will not be able to see the costs.

Send me a notification for each new answer.

Select your subscription

A subscription license entitles you to 1 year of updates and support. Each installation of the plugin will require a license key.

Join the club

  • instant access to ALL PLUGINS and ALL THEMES (included future ones!)
  • up to 30 sites license for all items
  • unlimited downloads for each product
  • regular updates and support with dedicated help desk
  • join the community and suggest a product
  • cancel easily anytime

View details

JOIN THE CLUB NOW!