Shopify doesn't have the ability to track the original cost of your items.
This is a Must to have.!
Deuces Wild Boutique
I highly recommend adding this app to your shopify store. Shopify does not have the necessary ability to track COGS. This is a must!
A nice and comprehensive app to track your cost of goods and make reports on your profits, which is of course very useful. It does calculate the cost of goods automatically based on the prices you set BUT you can always input the cost of an order manually.
This app is so easy to use, and has helped us tremendously to track COGS. There are some features/reports I have yet to utilize, but so far it's doing exactly what I need it to. Very satisfied with this app.
I found it quite frustrating to discover that Shopify doesn't support cost pricing as a feature out the box. I also found it hard to find an app that addresses this without having to pay for lots of unnecessary features on top. Simply cost does what it says on tin and has proved to be a simple but effective tool for managing COGS and a keeping track of our profit margin. One feature I would like to see in the future is automated reports- particularly so I can report the total cost value of our stock on a monthly basis :)
Great cost app. Sam is awesome, always quick to respond any time I have a question or have a suggestion. The app is easy to use, and easy to find information I need quickly. Highly recommend it!
Nice app to keep track of profit for products, inventory value and more
Great app for reporting the Cost of Goods.
Leggings For A Purpose
This app is very useful to track COGS, quantities sold and other analytics. Would definitely recommend.
Cbd Eliquid Store
Really useful app. Highly recommended.
If you're a UK seller, note that you have to apply shipping tax in your Shopify settings, rather than in the app itself - had us confused to begin with. Now that it's fully set up it works perfectly.
Definitely worth spending the time to set this up and manage it correctly. Saves a lot of time in the long run. As with any COGS / Profit calculations, the quality of the output is determined by the effort and accuracy you put in.