Manually entering sales into a ledger or POS system can get tedious, especially if you run a retail business with lots of daily sales.
For example, Square has good all-purpose tools for different sales channels, Toast’s are good for restaurants, and Shopify’s are good for ecommerce businesses. Keep in mind that the inventory management systems that come with POS systems are often tailored to different industries. Most POS systems also come with a card scanner that lets you accept card payments, send invoices and purchase orders, and offer advanced sales analytics tools.
#ONLINE INVENTORY FOR SMALL BUSINESS UPDATE#
At the end of the day, use the numbers in your ledger to update your total inventory numbers. You can do this with most accounting software, a spreadsheet, or even a physical notebook.Īny time you make a sale or a purchase, record it in the ledger. The most barebones method of tracking inventory is to set up a manual inventory or sales ledger.
#ONLINE INVENTORY FOR SMALL BUSINESS HOW TO#
Here’s how to make sure your inventory data is accurate and up to date: Set up an inventory ledger
You can’t manage your inventory if you can’t track it.