The COGS profile enables you to input COGS and product cost for either all products or specific products according to a predefined set of rules. This functionality streamlines the process of managing and updating COGS data, providing greater efficiency and accuracy in accounting for costs associated with your products.
Create a COGS Profile
Go to Settings ➡️ Costs ➡️ Product Costs.
Scroll down to the Product Costs table, and click Create COGS Profile.
Select whether the COGS profile will apply worldwide, or if you have different COGS according to shipping zones.
Note: Remember that when you're creating COGS profiles, they should be designed according to delivery destinations, not according to where your products are manufactured.
Click Next.
Enter a COGS Profile Name, then select whether this COGS profile will apply to all products, or only to specific products.
If you select Specific Products, you'll be prompted to choose which products you want this COGS profile to apply to. Once you're done selecting specific products, click Next.
If your COGS are the same worldwide, the next step will be to Create COGS Rates. If your COGS change by shipping zone, the next step will be to Create COGS Zone.
Create COGS Rates
Create COGS Rates
Select whether this COGS profile is:
Fixed production costs - COGS are always the same
Tiered production costs - COGS vary depending on how many items are in a particular order
Price-based production costs - COGS are calculated based on a percent of the total product price in an order
Create Shipping Zone
Create Shipping Zone
Enter a zone name.
Select whether this shipping zone applies Worldwide or only to Selected countries / regions. If you choose Selected countries / regions you'll be prompted to select which countries/regions you want this shipping zone to apply to.
Click Next
Select whether this COGS profile is:
Fixed production costs - COGS are always the same
Tiered production costs - COGS vary depending on how many items are in a particular order
Price-based production costs - COGS are calculated based on a percent of the total product price in an order
Click Next.
Repeat the process for as many shipping zones you'd like to create.
Note: Make sure that you're setting shipping zones according to delivery destinations, not according to where your products are manufactured.
Edit an existing COGS Profile
Go to Settings ➡️ Costs ➡️ Product Costs.
Scroll down to the Active Product Costs Profiles section.
Find the COGS Profile you'd like to edit.
Click on Manage on the right.