Maropost Commerce comes with a basic cost price field which you can use to work out your profit margins. If you're looking for an advanced cost price calculator (to work out average cost of goods, supplier costs, etc), then we highly recommend using the Maropost Commerce Cloud Inventory add-on. If you use the Maropost Commerce Cloud Inventory add-on, you will want to do your best to clean up your products as you will not be able to delete them once inventory is turned on (to ensure data integrity), however you will still be able to mark them as inactive.
The cost price on your products, will be used as your Initial stock adjustment cost price, and will impact your reporting as to the total value of your stock on hand.
Important: Maropost Commerce Cloud Inventory does not allow you to adjust cost price manually. Cost price will update when you receive purchase orders or perform a stock adjustment.
In this Article
Add Cost Price on an Individual Product
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In your Maropost Commerce control panel navigate to Products > View products and click on the SKU you wish to change.
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In the Pricing & Tax find to find the field called Cost Price (Excl Tax). Enter your cost price into this field.
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Click the Save Changes button.
Important: For kitted products we recommend setting the cost price on the individual components only and not on the parent level.
Find Products Without a Cost Price
To help identify products that currently have a $0 cost price you can use the filters on the product page:
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In your Maropost Commerce control panel navigate to Products > View products.
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In the search filter, click the Show Advanced filters button to expand the search functionality.
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In the Unit Cost From $ and To $ fields, enter $0 and click the Apply button on the search filter.
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In the columns filter section, click Edit mode and click Columns to include Cost Price. Set a cost price for each product and click Save Changes at the bottom.
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Alternatively, you can go into each product and manually apply cost prices or you can export this list by clicking the Export button on the top right hand side to download and populate in an Excel CSV file. Once finished, you can upload this list back into Maropost Commerce by using the Data Import Wizard.