Profiteer โ€‘ Cost of Goods Sold

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Generate accurate Cost of Goods Sold reports and easily manage SKU pricing for better accounting insights.
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What Owlfred thinks...

If you want to take control over your cost of goods sold and generate accurate reports, Profiteer is the way to go!

This is a great Shopify app that will help you grow your Shopify store faster!

Last Updated:
December 11, 2024

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Navigating the complexities of e-commerce accounting has never been simpler. This solution empowers merchants with precise insights into the cost of goods sold, an essential metric previously overlooked by Shopify. By providing comprehensive control over cost pricing for each SKU, the platform transforms inventory management from a tedious task into a seamless process.

Merchants can easily generate detailed reports, allowing for a deeper understanding of profitability and inventory costs. With CSV file exports, compatibility with any accounting software is assured, streamlining your financial workflows. The clarity and control this tool offers makes it an indispensable asset for any Shopify store looking to refine its financial tracking and enhance reporting accuracy.

Whether preparing for audits or analyzing sales trends, this application transforms raw data into actionable insights, positioning businesses for sustained success.

Features

Generate detailed inventory reports showcasing the current cost of goods for better financial insight
Access sales reports displaying the total value of your cost of goods sold, aiding in financial analysis
Adjust the cost price of any SKU at the order level for precise accounting management
Seamlessly integrate with various accounting tools by generating records in CSV format for streamlined financial reporting
Gain control over your expenses by accurately calculating the cost of goods sold (COGS) for each SKU, past, present, and future

Benefits

Calculate your cost of goods sold (COGS) accurately for each SKU, past, present, and future, giving you complete control over your expenses
Unlock valuable accounting data not provided by Shopify, allowing you to make informed and profitable decisions
Streamline your financial reporting with easily readable records in CSV format, ensuring seamless compatibility with various accounting tools

About the Vendor

Resistor Software
844 Rockland, Montreal, QC, H2V2Z9, CA
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844 Rockland, Montreal, QC, H2V2Z9, CA Map

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Pricing

$15/month. Free trial available.
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Owlfred Review

Hey Shopify merchants, flap your wings towards Profiteer - Cost of Goods Sold, an innovative app developed by Resistor Software. It fills the gap left by Shopify's lack of providing a cost price for a product sold, swiftly swooping in to allow you total control over past, present, and future values of the cost price for any SKU. With a solid reputation backed by a 4.6 average rating from 31 reviews, it's fluttering up high! Handling your inventories and sales reports, including cost of goods sold, become a hoot with this app's user-friendly CSV files, making it compatible with all accounting packages. Whether you want to track the current value of your cost of goods or ensure accuracy at the order level, Profiteer takes the guesswork out of your profit calculation. With a flexible pricing range starting at $15/month and a 3-day free trial, this is a perch worth considering for your online store management. What are you waiting for? Give it a fly-by today!

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Frequently Asked Questions

What is Cost of Goods Sold (COGS) in the context of Shopify?
Cost of Goods Sold (COGS) for Shopify refers to the total cost incurred to manufacture a product that has been sold on a Shopify store. It includes the cost of materials, labor, and any other direct costs related to production.
How to track Cost of Goods Sold in Shopify?
Tracking COGS on Shopify can be done through the use of Shopify apps, like Profiteer. These apps help track and calculate the total cost of goods sold by factoring in production costs, inventory, and other direct costs.
What is the significance of Cost of Goods Sold in dropshipping?
In dropshipping, COGS is essential in determining the profitability of your business. It refers to the cost of the products from suppliers that you sell to your customers. Subtracting COGS from your sales revenue gives the gross profit.
How is Cost of Goods Sold calculated?
Cost of Goods Sold is calculated by adding the cost of inventory at the beginning of a period to the purchases made during that period, then subtracting the cost of inventory at the end of the period. This gives the total cost of all goods that were sold during that period.

Shopify App Comparison: Profiteer โ€‘ Cost of Goods Sold vs QuoteMate Draft Profit Margins - which is better?

We have reviewed two highly practical and efficient apps for financial management and analysis: Profiteer - Cost of Goods Sold and QuoteMate Draft Profit Margins. Both apps offer unique features and benefits that cater to different aspects of financial strategy and decision-making. Profiteer - Cost of Goods Sold excels in helping merchants calculate and manage the cost of goods sold (COGS) with remarkable ease. It provides a comprehensive overview of income and expenditure, allowing users to control the cost price for any SKU from past, present, to the future. With its impressive functionality and easily readable records in CSV format, Profiteer streamlines financial reporting and provides valuable insights to make informed decisions. We highly recommend this app for merchants seeking accurate COGS calculations and better financial control.

On the other hand, QuoteMate Draft Profit Margins focuses on boosting profitability and providing precise data for critical decision-making. It allows store owners to manipulate virtual order contents and individual product costs, simulating impacts on margin health. This enables users to make informed decisions regarding minimum product prices and discounts. The app also saves snapshots of edits, allowing users to continue working on profit margins later without losing progress. With additional features like including or excluding taxes and shipping from profits, subtracting a percentage fee, and exporting profits to various formats, QuoteMate enhances financial management and analysis. If your focus is on margin health simulations and optimizing costs, we recommend using QuoteMate Draft Profit Margins.

Attribute
Profiteer โ€‘ Cost of Goods Sold Shopify AppProfiteer โ€‘ Cost of Goods Sold
QuoteMate Draft Profit Margins Shopify AppQuoteMate Draft Profit Margins
Average Rating 4.6 out of 5 5 out of 5
Number of Reviews 31 3
Estimated Installs 0 0
Min Price $15.00 $0.00
Max Price $30.00 $4.99
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