Reports
Profit / COGS
Profit and cost of goods sold by product and location
The Profit / COGS report breaks down revenue, cost of goods sold, and gross profit for the period, so you can see which products and locations actually make money.
Key columns: product, variant, SKU, location, units sold, total revenue, total COGS, gross profit, and profit margin.
When to use it: to find your most and least profitable lines - high revenue doesn’t always mean high profit once cost of goods is accounted for.