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I'm really surprised this functionality doesn't exist since it seems pretty fundamental and elementary.
It would be great to be able to create reports at the product category level versus individual products.
For example, if I sold coffee and tea, I would have several different types of coffee (Sumatran, El Salvador, etc.) and different types of tea (green, black, Earl Grey, etc.)
It would be nice to see total sales for coffee and tea versus having to filter through each individual product, probably export to a spreadsheet and sum.