- Support forum for the Cost of Goods Sold (COGS): Cost & Profit Calculator for WooCommerce.
- This topic has 2 replies, 2 voices, and was last updated 3 years, 6 months ago by robbie.
- May 20, 2020 at 2:01 pm #89320robbieGuest
I am testing out the free version and its great. Could you advise if the following is possible? We are not VAT registered but we buy from VAT registered companies. As a result we would like to input our cost of of goods ex taxes (VAT in this case) as all our suppliers give prices ex tax. In other words is it possible (I can do a little custom coding) to check tax status of the product and if has tax then apply that to the cost of goods? Hope this makes sense.
Thanks,May 27, 2020 at 2:46 am #89321Tom AnbinderModeratorPlugin Support
Sorry for such a late reply.
Currently the plugin always requires you to enter the cost of goods excluding tax. And when it calculates product’s profit, it will automatically take product’s price excluding tax (if there are any applicable taxes for the product). So basically we are always excluding tax from all the calculations. Please let me know if that’s not good enough.May 29, 2020 at 8:04 am #89322robbieGuest
Thanks for the reply – makes sense. I guess I would like to be able to disable Tax at the woocommerce level (as we dont pay the VAT) but still add VAT to the cost of good (if product has tax class) for profit calculations.
So something like:
– cost of Product A is 10 (ex VAT) as quoted from supplier.
– actual cost to us 10 plus VAT ie 11.5
– we sell it for 20 but pay no VAT
– profit calc would be 8.5 but if we disable taxes it will be 10.
So would it be a major recoding effort to say something like:
if product has Tax Class = zero-rate then
profit is regular price – cost of goods
profit is regular price – cost of goods +tax amount
Hope that makes some sense – maybe there is a super simple way around it that I am missing.
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