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Use Xero to get an up-to-date view on what your bestselling product lines are. See how much profit you’re making, and use this information to make the right decisions about what to order and how to price it.
Inventory management software tools in Xero let you keep track of stock levels and values on a daily basis. Xero calculates the value of the goods you have on hand using the average cost method.
The simple tracking software is great for independent retailers and wholesalers, or service providers who sell retail items.
Get inventory in Xero up and running fast by quickly importing large numbers of inventory items from a spreadsheet. We provide a simple CSV template for you to use.
Spend less time on data entry by setting up the things you buy and sell regularly as untracked items in Xero – just enter a description and price. Using inventory items makes creating quotes, invoices purchase orders and bills quicker and means fewer errors.
Tracked inventory lets you see how much stock is on hand at a glance when you’re quoting or invoicing. Descriptions and prices are entered for you, so you’ll avoid typos and keep quotes and invoices consistent.
Xero lets you add photos to your inventory items for a visual reminder of your stock. You can also upload supplier contracts to keep them close at hand.
If your business has multiple locations, if you use stock to track components of products you make, or if you want your POS to integrate with your stock management solution, check out inventory apps that connect with Xero (like those below) and speak to your advisor.
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