Setting Up COGS Value
To set up your costs of goods sold (COGS) or product costs, head over to the left side bar > Integrations > (under the column of COGS & Fees) > Sync.
There are 2 options for you to choose from:
Option 1: Sync with Shopify
Press the green button and MagmaCharts will automatically sync the data you have input from your Shopify store into our profit calculations. The COGS data will automatically be pulled into your dashboard.
Option 2: Manually Input the fixed % of the price of your product
Alternatively, you can manually input a fixed %. For the products that you have not set any product costs in Shopify, you can set the product cost percentage over the cost of the full price item here.
For example if your product price is $100 and your COGS is 40% of your product price, the COGS amount will be calculated as $40. By putting a fixed %, MagmaCharts will automatically calculate your product costs for those products that wasn’t set a product cost in Shopify.