The first time you install the plugin, you have to set the cost of goods of the products. This lets you see the new sales in your shop, if you want to see the old ones, you have to set and apply the cost to products that don’t have it defined previously.
If you want to modify a previous product cost, you only have to set a new cost and apply the cost overriding. Remind this option overrides all the previous costs.
Another important feature of the plugin is the possibility to choose when products have to show up in the Reports of Cost of Goods. Sometimes on-hold orders can be cancelled and distort the profit expectations.
This plugin offers you the possibility to filter the orders. To do this, just go to YITH Plugins > Cost of Goods and scroll down up to Order Status Settings.
You can choose from the following three options:
Completed: select this if you want that only products of Completed orders appear in the Reports.
Processing: select this if you want that only products of Completed and Processing orders appear in the Reports.
On-hold: select this if you want that products of all orders of your shop appear in the Reports.
If you are migrating from WooCommerce Cost of Goods, you will be able to import all the costs you’ve previously set up. This way, you don’t have to add the costs again on each of your products and the migration will be as easy as clicking on a button.
In fact, you just have to keep both plugins activated, go to YITH Plugins > Cost of Goods, and click on the button Import Costs.
YITH WooCommerce Multi Vendor allows you to turn your online shop into a marketplace where vendors can sell and manage their own products and the site admin can get a commission on every sale.
The integration with YITH Cost of Goods allows you to control how to calculate the vendors’ commissions when the product has a cost set and choose whether to include the cost of the product in the commission or not.
To set up this to your own convenience, just make sure both premium plugins are installed and activated, then go to YITH > Multi Vendor > Commissions and you will be able to activate the following options:
YITH Cost of Goods handling: enable this to include the cost of goods in the commission calculations, disable it if you want to calculate the commissions only out of the product profit.
Show YITH Cost of Goods Information: enable this option to show whether the commission includes the product cost or not also in the commission details.
For a further configuration of YITH Multi Vendor plugin, please, refer to the official documentation here.