---
title: Installing and Configuring the Cost of Goods Plugin
description: Install the WooCommerce Cost of Goods plugin, record a purchase cost for every product, and see profit and margin across your store.
url: "https://wpfactory.com/docs/install-configuring-plugin/"
updated: "2026-09-27"
category: Getting Started
tags:
  - Cost of Goods
---

# Installing and Configuring the Cost of Goods Plugin

Installing the WooCommerce Cost of Goods plugin lets you record a purchase cost for every product and turn it into profit and margin figures across your store. [Cost of Goods: Product Cost & Profit Calculator for WooCommerce](https://wpfactory.com/item/cost-of-goods-for-woocommerce/) adds a cost field to each product and calculates profit automatically. This guide covers install, where the settings live, and how to enter your first cost.

![Cost of Goods settings tab in WooCommerce](https://wpfactory.com/wp-content/uploads/pasted-image-0-51.png)

### Before you start

- WooCommerce, active.
- The free version from, or the Pro version from your account.

### Step 1: Install and activate

1. For the free version: in your dashboard go to **Plugins > Add New**, search for **Cost of Goods for WooCommerce**, then click **Install Now** and **Activate**.
2. For Pro: download the ZIP from your WPFactory account, then go to **Plugins > Add New > Upload Plugin**, choose the ZIP, install, and activate.

There is no master "enable" switch to turn on. Once Cost of Goods is active, the cost field is available on your products right away.

### Step 2: Open the settings

Go to **WPFactory > Cost of Goods** (also reachable at **WooCommerce > Settings > Cost of Goods**). The settings open on the **Products** sub-tab, which is where the cost field options live.

### Step 3: Set how the cost field looks (optional)

Two options on the **Products** sub-tab control the cost field on the product edit screen:

| Label | Option ID | Default | Free/Pro |
| --- | --- | --- | --- |
| Cost field label | `alg_wc_cog_product_cost_field_template` | `Cost (excl. tax) (%currency_symbol%)` | Free |
| Cost field position | `alg_wc_cog_product_cost_field_position` | General > Pricing | Free |

**Cost field position** can place the field under the product's **General > Pricing** area (default), **General**, **Inventory**, **Inventory > SKU**, or **Advanced** tab. Click **Save changes** if you change anything.

### Step 4: Enter a cost on a product

1. Open any product for editing.
2. In **Product data**, find the **Cost** field (in the **General** tab by default) and enter the purchase cost.
3. Set the **Regular price** as usual, then click **Update**. Profit is calculated automatically from price minus cost.

For variable products you can set a cost on each variation, or a single cost on the parent to seed every variation.

### Next steps

- Show cost and profit in your product and order lists: see [the admin column guides](https://wpfactory.com/docs/cost-of-goods-for-woocommerce/).
- Enter costs for many products at once with the free **Bulk Edit Costs** tool under **Tools**.

### Get more from Cost of Goods

The cost field and profit calculation are free. [Cost of Goods: Product Cost & Profit Calculator for WooCommerce](https://wpfactory.com/item/cost-of-goods-for-woocommerce/) Pro adds cost and profit in WooCommerce Analytics, order-email cost and profit, multicurrency support, and the orders recalculation tool. [See what Pro unlocks](https://wpfactory.com/item/cost-of-goods-for-woocommerce/).

Related articles

- [Cost of Goods: Reset a Settings Section](https://wpfactory.com/docs/cost-of-goods-reset-a-settings-section/)
- [Cost of Goods: Developer Hooks and Filters Reference](https://wpfactory.com/docs/cost-of-goods-developer-hooks-filters/)
- [Cost of Goods: Advanced Settings Reference](https://wpfactory.com/docs/cost-of-goods-advanced-settings-reference/)
- [Bulk Edit and Import/Export Issues in Cost of Goods](https://wpfactory.com/docs/cog-bulk-edit-import-issues/)
- [Profit Calculation Issues in WooCommerce Cost of Goods](https://wpfactory.com/docs/profit-calculation-issue/)

 

[![Cost of Goods Sold (COGS): Cost & Profit Calculator for WooCommerce](https://wpfactory.com/wp-content/uploads/Cost-of-Goods-for-WooCommerce.webp)](https://wpfactory.com/item/cost-of-goods-for-woocommerce/)