COGS (Cost of Goods Sold) reflects the actual cost of products sold, not the selling price. When connected to Shopify, Paysight automatically includes COGS in reporting so you can measure profitability and ROI accurately.
Availability
COGS is available only when your Paysight account is integrated with Shopify and orders are completed via the hosted Shopify checkout. Paysight identifies purchased products and matches them to product costs stored in Shopify.
Requirements
Shopify Integration
Connect your Shopify store to Paysight.
Product Costs in Shopify
Ensure each product has an up-to-date Cost per item value.
Hosted Checkout Path
Orders must complete through Shopify’s checkout so products can be mapped.
How it works
1
Identify purchased products
During checkout, Paysight receives line items for the order from Shopify.
2
Match to product cost
Each line item is matched to the product’s Cost per item configured in Shopify.
3
Store with the transaction
The calculated COGS is attached to the transaction so it’s visible in your reports.
Reporting & ROI
COGS appears in the Costs tab across relevant reports in Paysight. Values are tied to each transaction and aggregated at report level.
ROI formula
ROI = (Revenue – COGS) ÷ COGS
ROI = (Revenue – COGS) ÷ COGS
Keep product cost data current in Shopify to ensure accurate profitability analytics.
FAQ
What does the COGS field represent?
What does the COGS field represent?
COGS reflects the actual cost of the products sold. It’s used for profitability and ROI calculations rather than pricing.
When is COGS active in Paysight?
When is COGS active in Paysight?
Only when a Shopify integration is active and customers check out via Shopify’s hosted checkout. Paysight automatically pulls the cost from Shopify for the purchased products.
How do I configure or use COGS?
How do I configure or use COGS?
- In Shopify: Ensure each product has an accurate Cost per item.
- In Paysight: No manual setup. Once Shopify is connected, COGS is tracked automatically at the order level and shown in reporting.
Can I set a fixed cost per product in Paysight?
Can I set a fixed cost per product in Paysight?
Not directly in Paysight. Set costs in Shopify at the product level. If you need a non-Shopify fixed cost workflow, export reports and layer costs externally as a workaround.
How does COGS improve ROI tracking?
How does COGS improve ROI tracking?
Accurate product costs enable precise profitability calculations. With correct COGS, ROI insights for campaigns are more reliable.
SOP: Update COGS in Shopify
1
Open Shopify Admin
Log in to your Shopify admin dashboard.
2
Select a product
Go to Products and open the product you want to update.
3
Edit cost per item
Scroll to Cost per item and enter the accurate product cost (exclude taxes, shipping, overhead).
4
Save changes
Save the product. Repeat for all products to keep costs up to date.
5
Automatic sync to Paysight
When customers check out via Shopify, Paysight will automatically use the configured costs in reporting.