Cost of goods can be accounted for prior to revenue spilt in CollabPay. This can be changed at anytime within CollabPay.
- Login to CollabPay
- Go to “Settings”
- Go to “Account”
- Scroll down to “Calculations”
There are two options for cost calculations:
Calculate revenue share from gross sales
Cost of goods is ignored and revenue share is calculated directly from the order sale price.
Calculate revenue from profit
Cost of goods is accounted for and revenue share is calculated after deducting the cost of goods from the order sale price.
For Shopify stores, all cost of goods is imported directly from Shopify. Ensure your costs are set correctly within Shopify.
For WooCommerce stores cost of goods is added to all products and product variations via the WP plugin. Ensure your costs are set correctly with the WP plugin.
Cost of goods calculations are not currently available on Squarespace.