Understanding exactly how much profit you’re making on each sale is critical for any small business. With a clear way to add cost prices and margins directly to your product pricing, you can keep track of profitability effortlessly, without relying on complicated spreadsheets or external tools.

📌 Why This Matters

Knowing the cost behind each product and its margin helps you make smarter pricing decisions, spot where you’re earning well, and identify which products might be costing you money. This clarity reduces guesswork and gives you confidence in your business numbers.

✨ What’s New

• Define cost price and margin per product or variant: You can now set a cost price and margin on every product price or variant through an easy toggle, keeping your profitability calculations in one place.
• Choose margin by amount or percentage: Enter either a fixed amount or a percentage for your margin, and the system will calculate the other value automatically based on your selling price.
• Handle high margin scenarios: Margins over 100% (when cost is greater than the selling price) are supported to accurately reflect losses or special pricing situations.
• Consistent cost data on invoices and exports: Even if prices are manually changed on invoices or calendars, the cost price stays tied to the original product, ensuring accurate profitability tracking.
• New export column for transaction-level analysis: Transactions exports now include a Line Item Cost Price column to help you analyze your profits directly from your sales data.

🛠️ How to Use It

1. Step 1: Navigate to your product list and choose to create or edit a product.
2. Step 2: In the pricing section, look for the option to add margin and turn on the toggle.
3. Step 3: Enter your cost price or margin as a percentage or amount—the other value will calculate for you.
4. Step 4: For reviewing profitability, export your transactions to see the new Line Item Cost Price column included automatically if cost data exists.

💡 Pro Tip

Regularly checking your product margins through your transaction reports can help you identify which items are your best earners and which might need price adjustments to keep your business profitable.