WooCommerce Cost of Goods

Description

Cost of Goods adds to WooCommerce the recording of the unit cost and the total cost of each product sold, automatically calculating the gross profit per order from the difference between sale price and informed cost. Aimed at those who sell physical or digital products and need to track real margin, the extension consolidates the values in WooCommerce’s native reports, separating revenue, cost, and profit into daily, monthly, and annual breakdowns.

Key Features of Cost of Goods

• Per-product cost field
  Includes a dedicated cost field in the data tab of simple and variable products.
• Automatic profit calculation
  Subtracts the cost from the sale amount in each item of the processed order.
• Margin reports
  Adds total cost and profit columns to WooCommerce’s report screens.
• Variation support
  Allows setting a distinct cost for each product variation registered in the store.
• Historical order record
  Records the cost in effect at the time of purchase, preserving the value even after future adjustments.

Benefits of Cost of Goods

• Real margin visibility
  Shows the effective profit of each sale instead of only gross revenue.
• Informed pricing decision
  Helps adjust prices and promotions based on the real cost of each item.
• Centralized financial control
  Keeps cost, revenue, and profit in the same WooCommerce dashboard, without parallel spreadsheets.
• Reliable history
  Preserves the cost at the time of sale, ensuring consistent reports over time.

Who Is Cost of Goods For?

• Those who sell physical products in WooCommerce and need to track real margin per item.
• You who work with product variations (sizes, colors, models) with different costs among them.
• Those who need gross profit reports directly in the WooCommerce dashboard, without exporting to spreadsheets.

How to Download Cost of Goods

Cost of Goods is available for download here at Ultrapack. After downloading the .zip file, install it in Plugins > Add New > Upload Plugin, select the file, and activate it. With WooCommerce already active, the cost field will appear in the product data tab and the reports gain the new margin columns.

For those who run WooCommerce stores with a broad catalog and need to monitor profitability item by item, the Cost of Goods extension fills a gap that WooCommerce’s core leaves open. By recording the cost on the product and freezing the value in the order, it turns the report dashboard into a direct source of gross profit, eliminating manual reconciliation between sales, acquisition costs, and external financial control spreadsheets.

Frequently asked questions