Sell&Sell gives you access to great reports on revenue and top-sellers or earners. Now we’ve added Profit Reporting to make these reports even more valuable for your store! You can evaluate not only revenue, but costs and profit all from within your Sell&Sell store. Quickly and easily get the information you need to make marketing and sales decisions to optimize your store’s revenue.
Easily track total profit and cost of goods by adding a “Cost of Good” field to simple and variable products. Costs are automatically calculated on checkout so that you can see your profit in addition to simple sales information, and the in-depth reports provide exactly the details you need to improve your bottom line.
Quickly add a Cost of Good to each product, including product variations, which are then used to calculate your total order costs so that you can always know what you really earned on every order – not just how much you sold. Total costs for each order line item are saved at checkout, so even if your costs increase in the future, your total costs are always historically accurate.
Adding costs to variable products is easy as well. You can add a default cost for all variations or set costs for a variation manually:
Product Variation Configuration
The Cost of Goods extension allows you to determine your true top products by viewing which products are most profitable for your store, not just those that generate the most revenue. Now you know which products to create these coupons for since you know which will earn the most for your store. Cost of Goods allows you to focus your marketing efforts on high-margin goods.
Tracking your cost of goods is pointless without in-depth reporting to give you actionable information to improve your profitability. Reports include:
View Your Total Inventory Valuation and Cost by Product
Product Profitability Report
Now you can apply costs to previous orders with the updated Cost of Goods Extension. Simply add costs for your products, and any orders placed before using this extension can be updated from Settings > Products > Inventory to immediately get insight into most and least profitable sellers without waiting for new sales to roll in.
Don’t want to include shipping or taxes in your profit reporting (you’re probably already passing these to the customer anyway)? No problem, just go into the settings page and exclude them from profit calculations.
Admin Settings: Exclusions and Applying to Previous Orders