Setting cost of goods
Once the plugin has been installed and activated, you are ready to take tracking your profit to the next level. Find your way over to a product (new or existing) to get started assigning costs, and you may notice there are different inputs for different product types:
Variable Products
When creating a new Variable Product, or simply editing an existing one, you will find the first new field in the “Inventory” tab of the “Product Data” meta box. This field is labeled “Default Cost of Good ($)” which is the base cost of goods for this product, or parent product of the variations defined. **To save this, please click publish or update in the right sidebar.
If your store is setup to allow for orders to be placed with the parent product in a variable product, this will be the cost of goods shown in the order and reports.
Continuing with the definition of a variable product, we will assume you already have the attributes and variations defined. If you need a refresher course on variable products, check out this great post here.
You will find the next new fields under the “Variations” tab of the “Product Data” meta box. Expand one of your variations to reveal all the product fields associated to this variation. Below the Regular Price and Sale Price inputs, you will find a field labeled “Cost of Good ($)” with a checkbox labeled “Use default?” right next to it. This initially does not use the default, and lets you set a cost of goods at the variation level to override the default cost of goods set in the “Inventory” tab. On the other hand, you can click the checkbox to use the default, which in turn, disables the input in the variation to ensure the user knows they cant influence this variable any longer.
Hit the “Save changes” at the bottom of the Variations tab to save this data, or the update or publish button in the right sidebar to get the variations saved with the new cost of goods values.
Simple, Grouped, External/Affiliate, & others
When creating any other Product type, or simply editing an existing one, you will find the only new field in the “General” tab of the “Product Data” meta box. This field is labeled “Cost of Good ($)” which is the cost of goods used in the orders and reports. **To save this, please click publish or update in the right sidebar.
Although we assume this will work for custom or third party Product types, we make no guarantees. If you would like to request an integration, please reach out!