In your WooCommerce store, having quick access to the profit generated by each product is crucial for effective business management. The Cost of Goods plugin by WPFactory allows you to add a “Product Profit” column to the product admin page, simplifying your profit tracking process. In this article, we will guide you on how to enable and utilize this valuable feature.
Enabling the Product Profit Column
To add the “Product Profit” column to your product admin page, follow these straightforward steps:
1. Access Your WordPress Dashboard: Log in to your WordPress admin panel.
2. Navigate to WooCommerce Settings: Go to “WooCommerce” click on the “Settings” submenu under “WooCommerce.”
3. General Tab: In the WooCommerce Settings,
4. Cost of Goods Tab: Within the settings, you’ll find the “Cost of Goods” tab. Click on it to access the plugin’s settings.
5. General Tab: Under the “Cost of Goods” tab, you will see various options related to the plugin’s functionality.
6. Enable the Product Profit Option: Look for the “Product Profit” option among the available settings. Check the box next to it to enable the “Product Profit” column on the product admin page.
7. Save Changes: Ensure that you save your changes by clicking the “Save Changes” button at the bottom of the page.
Viewing the Product Profit Column
After enabling the “Product Profit” column, it will be visible on the product admin page in your WooCommerce admin panel:
1. Edit a Product: Navigate to the product you wish to view or edit.
2. Product Admin Page: On the product admin page, you will now see a new column labeled “Product Profit.”
3. Profit Calculation: The “Product Profit” column displays the profit generated by each product, calculated based on the cost of goods and the product’s selling price.
4. Quick Insights: This column provides you with instant insights into the profitability of your products, allowing you to make informed decisions.
Streamline Profit Tracking
Adding the “Product Profit” column to your product admin page simplifies profit tracking and management for your WooCommerce store. It enables you to assess the profitability of individual products at a glance, saving you time and helping you make strategic business decisions.
By following the steps outlined in this article, you can take full advantage of the Cost of Goods plugin by WPFactory and enhance your store’s efficiency in monitoring and maximizing profits.