Cost & Reports for WooCommerce is an invaluable plugin designed to enhance the financial oversight for e-commerce businesses using the WooCommerce platform. This tool offers comprehensive insights into your store’s profitability by tracking product costs and generating detailed reports on revenues, costs, and profit margins. By inputting the cost price for each item sold, businesses can automatically calculate the gross profit for individual products and overall sales, enabling them to identify which items are underperforming and driving profit. The plugin’s reporting feature provides straightforward, actionable data that helps make informed pricing, promotions, and inventory management decisions. This level of detail is essential for maintaining a competitive edge in the market and strategically steering the business towards greater profitability.