Product Cost (COGS)
Setting up Cost of Goods (COGS)
In this article: What is Cost of Goods? What's included in the Cost of Goods settings? Setting product cost level for your products Editing Cost of Goods for products or variants Applying your changes in product costs to all orders in the past (1-applying-your-changes-in-product-costs-to-all-orders-FeaturedSetting up Quantity-based COGS or Bundled COGS
If you're looking for how to set up COGS in TrueProfit, check out the Setting up Cost of Goods (COGS) for all products article. Quantity-based COGS helps you manage different cost ranges for a product or a variant instead of using a fixed COGS. How to apply quantity break COGS for a product/variant Step 1: Click Add quantity break to add a new row for unit count (https://storage.crispSome readersAdding COGS Zones in Cost of Goods
Managing COGS by zones for your store COGS zones let you create different zones to manage your COGS based on the delivery destinations for specific product. Each zone will apply the COGS you set to the selected products only. How to create a new COGS zone Click Add zone (https://storage.crisp.chat/users/helpdesk/website/61f3f962f1727800/Few readersManaging Sources in Cost of Goods
What are COGS sources in TrueProfit? There are three sources that the app can sync COGS data for your products: From Shopify, CJ Dropshipping, or manually edited in TrueProfit. Shopify source If you manage the Cost of Goods Sold (COGS) of your products in the Shopify admin, TrueProfit will automatically pull and update this data in the Cost of Goods settings. To add or edit your product's COGS on Shopify: Open the variant's Pricing settings. Enter the COGFew readersHow TrueProfit import your COGS upon installing
If you've just installed TrueProfit to your Shopify store, there are 3 ways the app can get and calculate the cost of goods for your store. 1. TrueProfit automatically syncs Cost per item from your Shopify account upon installing. Cost per item section in Shopify When you just installed the app for your store, TrueProfit will sync the Cost per item field in your Product setup on Shopify to the *Few readersAdding and managing historical COGS (COGS in the past)
As products might have different COGS at different periods . For example, your product costs might be increased or decreased depending on the suppliers, and you should be able to track the changes in product in different time range. In TrueProfit, the current COGS value is set to cover a product's entire lifetime by default. You can add unlimited COGS periods to manage the historical data of a product or variant, ensuring it matches the correct past orders. How to edit and add historical COFew readersHow to recalculate past orders for one or multiple products
All the edits you made to a product/variant will be saved and applied to future orders only. If you want to apply new costs to orders in the past as well, you will have to recalculate all past orders in TrueProfit. Recalculate past orders means applying new changes to all orders that match for all products. If you want to manage different product costs in the past, add COGS periods like the instructions in this article (https://help.trueprofit.io/en/article/setting-up-cost-of-goods-cogs-foFew readersUsing bulk actions in Cost of Goods setting
In the Cost of Goods setting, if you need to edit multiple products and variants at once, you can select them and choose a bulk action to quickly edit COGS in the app. Here's how to use the bulk actions feature in your Cost of Good setting. How to bulk edit multiple variants or products at the same time In the product list, click on the checkbox to select the products or variants you want to edit in bulk (https://storage.crisp.chat/users/helpdesk/website/61f3f962f1727800/imagepu22nc.Few readersImporting COGS & Handling Fees using .csv file
In the Cost of Goods page, you can use the Export feature to update your product's COGS and Handling Fees in bulk, then Import it back into TrueProfit. This comes in handy when you have hundreds of product and need a way to copy/paste product costs quickly. Exporting all product costs in your store In the Cost of Goods page, you will find the Export button at the top left corner of the table. (https://storage.crisp.chat/users/helpdesk/website/61f3f962f1727800/image13035nSome readers
Shipping Cost
Setting up quantity-based and weight-based Shipping Costs
In this article: Setting up quantity-based Shipping Costs 1.1 How to set up Shipping Costs using quantity break Setting up weight-based Shipping Costs 2.1 How to set up Shipping Costs using weight break When setting up Shipping Costs in TrueProfit, you can choose to set the shipping coFew readersSetting up Shipping Costs
The Shipping Cost settings is where you can set up calculation rules for your store based on different zones and product groups in each zone. If you don't use any integration to sync shipping costs to TrueProfit, follow the steps below to start setting up Shipping Costs for your store. In this article: Calculation Settings Setting Shipping Costs by Zones Managing Shipping Cost by Product grFew readersCreating and managing Product groups
What are Product groups in Shipping costs? Product groups are collections of products that share the same shipping cost settings. These groups are organized within shipping zones. Here’s how it works: Default Product group: This group is part of the Default Zone and applies uniform shipping settings to all products that are not assigned to any specific group. Multiple Product groups per zone: A single shipping zone can contain multiple product groups, each with its oFew readers
Ad Spend
How to get Revenue (UTM) data for the Ad Spend by Channel chart
In the Dashboard, you can track your ad spend and revenue based on the tracking UTM in the Ad Spend by Channel chart. Currently, TrueProfit uses the first-click attribution for your UTM-based Revenue metric in this chart. How to add a source parameter to your ad URL FoFew readersSetting up Custom Rules to sync ad spend by campaigns
The Custom rules feature in Marketing Channels is where you can set up filters to sync ad spend from campaigns that match your rules only. Setting up rules helps you include or exclude the exact campaigns in your ad account to get the correct ad spend for your store. When you add the keywords to include or exclude ad campaigns, TrueProfit will filter and sync ad spend by campaign name according to your rules.Few readers
Other Costs
Setting up Transaction Fees
How to know if you have Transaction Fees in your store Transaction Fees, or Third-party transaction fees, are charges that apply to each transaction when you use a third-party payment provider to take customer payments on your Shopify store. Besides that, some online payment providers also charge Processing Fees for your store on each order. In TrueProfit, you can manage both Transaction Fees and Processing Fees in the Transaction Fee page. The Transaction Fees that Shopify charges you for uFeaturedSetting up Custom Costs
Custom Costs is a feature for you to add more costs to TrueProfit manually. As a seller on Shopify, there might be many different kinds of costs that incur in your store, for example Shopify subscription, KOL/influencers, or even Ad Agencies costs. Basically, any costs that don’t fall into other existing categories in TrueProfit can be created and customized in the Custom Costs feature. In this article: How to set up Fixed Costs How to set up Variable CoPopularSetting up Taxes Paid
The Taxes Paid page is where you can set up the tax costs you pay to your government. Taxes paid are considered a cost to your business. Once taxes are set up in TrueProfit, you can start tracking all your costs more accurately and easily. What are the differences between Taxes Collected and Taxes Paid in TrueProfit? Taxes Collected is the amount you charge in each order to your customer; it is calculated as an income. TrueProfit will pull this metric from your Shopify Admin settinFew readersSetting up Calculation Preferences
The Calculation Preference setting is when you can change how TrueProfit calculates some metrics for your store, for example, the COGS, taxes, and return metrics. Additionally, you can also change the default payment status filter and default date range. Setting up Profit Calculation Rules In this part, you will see 4 customization rules that are related to your metrics on the dashboard. Exclude Taxes Collected metric from the Net Profit formula: Taxes Collected are the taFew readersBulk editing order costs in Orders Report
To edit the Shipping cost, Total COGS, and Handling fee at once, you can use both the Import and Bulk edit features on the Order Report page. Depending on the number of orders you want to edit, you can choose a feature that best fit your need. Exporting and Importing Orders Report Choose the date range that includes the orders you want to edit costs for 2. Click Export to dFew readers
FAQ
FAQ: Can I import shipping settings from Shopify?
No, because the shipping rates in Shopify and shipping costs in TrueProfit are different metrics. Shipping rates in Shopify are the amount you charge customers for shipping (income), while shipping costs in TrueProfit are the costs you need to pay in order to deliver your products (expense).Some readersFAQ: How can I set shipping cost as 0 (free shipping)?
You can set shipping cost as 0 in the General Shipping Profiles. To make sure your changes in shipping cost also applies to past orders, click Re-calculate past orders.Few readersFAQ: Why aren't my order costs updating?
If you edited your COGS, shipping costs, and transaction fees and haven't seen the costs updated in the Orders Report, you might have missed the Recalculate past orders button in these settings. Recalculate COGS setting Step 1: Select the products or variants that you want to recalculate using the checkboxes at the left of the table Step 2: When a product or variant is selected, you can see the Re-calculate product past orders button shows up at the top of the table Step 3:Few readersFAQ: How can I remove deleted products that still show in COGS?
Even when you've removed a product/variant, it might still relate to some orders in your store. Therefore we have to handle them manually. Please contact us for manual support and we'll be glad to help.Few readersFAQ: How do I change sale prices in TrueProfit?
Sale prices are pulled in automatically from Shopify. In case you need to make changes to sale prices, you'll have to do it on Shopify dashboard. TrueProfit will then update accordingly.Few readersHow to set up custom costs for specific orders using order tag
You can set up Custom Costs for specific orders in your store using Order tags on Shopify. Learn more about Order tag on Shopify here. Note that this feature is only applicable for Metric-based Custom Costs, as TrueProfit with deduct the custom cost from the order's revenue. How to create custom costs for selected orders Make sure you've created an order tag on your Shopify Admin and applied it to the orders of your choiceFew readers