Perfect your stock levels with Xero SKU management software
Xero has the tools to optimize your inventory – whether it’s real-time data on your stock levels, SKU tracking, or reports on your sales patterns. Forget the fudged numbers and manual work. Let Xero stock control software automate your inventory for precise figures that support your US small busines
What is an SKU
SKU stands for stock keeping unit. It’s a unique code that retailers use to track individual items within their inventory. In Xero, you can add an SKU code to every item you sell, helping you organize your sales admin. This forms part of a digital stock inventory management system.
Xero helps manage your inventory
Xero replaces manual admin with one powerful system for managing your inventory.
Real-time stock tracking
Know what’s in stock, what’s selling, and what you need to reorder – at a glance of your screen.
Streamlined sales
Let Xero automatically update your stock levels when you sell or buy products. Skip the manual work!
Smarter decisions
Look at historical data and insights to ace your sales strategy.
Keep an eye on every item
Sell lots of products or buy from multiple suppliers? Xero’s stock management software tracks what’s coming in and going out in real time. Get clear, accurate info anytime so you know what you have — and when and how much to reorder. Xero shows your:
Cost of goods sold (COGS)
The average cost of an item when you sell it
Quantity on hand
The number of units you have available to sell
Total value
Your current quantity x your average cost of an item
Xero software vs Xero Inventory Plus
Xero’s core accounting software is great for small businesses with straightforward inventory needs. Most likely, you sell from one place and send your customers their invoices (instead of accepting payment at the point of sale).
Upgrade to Xero Inventory Plus: advanced features for complex needs
You’re doing business in multiple places with many products – you’ll need Xero Inventory Plus. This allows you to:
- Sell across multiple channels, including Shopify and Amazon
- Set automations like alerts when your stock drops below a certain level
- Do everything in one place, from getting shipping rates and printing labels to managing returns
Supercharge your Xero stock take software
Connect third-party apps
If you’ve got a plan for your inventory, check out the Xero App Store for third-party apps that can power up your Xero software even more. Apps can help you:
- Manage stock across multiple warehouses and stores
- Track raw materials, works in progress, and finished goods
- Gain deeper insights into your sales trends and reorders
Inventory that works with your books
Your inventory management goes hand in hand with your accounting – for always-accurate numbers.
Seamless purchase orders
Your purchase orders link to your stock levels, so you’re always in control of your inventory.
Invoicing without the stress
Create professional online invoices, then let Xero deduct the items from your stock levels for you.
How to set up your Xero inventory
It’s quick and easy to start using Xero’s SKU management software.
Sign up for a free trial
Over a month, you can explore Xero’s features, including inventory tracking. No credit card needed!
Add your inventory items
Import or manually add your inventory items with detailed descriptions and costs.
Connect apps to do more
Add third-party apps to your Xero for more functionality, like selling on ecommerce platforms.
What used to take me days, and cause lots of stress and annoyance, now only takes a few minutes.
Monique Malcolm, Take Tiny Action
FAQs on stock system software
Basic stock management software helps you track your stock levels, manage orders, and control the flow of goods in and out of your warehouses and stores. It also gives you real-time data to optimize your purchasing of new items, selling your products, and your overall profitability.
Basic stock management software helps you track your stock levels, manage orders, and control the flow of goods in and out of your warehouses and stores. It also gives you real-time data to optimize your purchasing of new items, selling your products, and your overall profitability.
With Xero’s invoicing and stock control software you can assign codes (including SKUs) to organize up to 4,000 items. When you add an item to a purchase order or invoice, Xero automatically updates your inventory levels. You can also see useful information, including your COGS and your inventory’s total value. If you have more complex needs, like shipping from multiple locations, just add third-party apps from the Xero App Store.
With Xero’s invoicing and stock control software you can assign codes (including SKUs) to organize up to 4,000 items. When you add an item to a purchase order or invoice, Xero automatically updates your inventory levels. You can also see useful information, including your COGS and your inventory’s total value. If you have more complex needs, like shipping from multiple locations, just add third-party apps from the Xero App Store.
You can track many inventory types, including goods for resale, raw materials, and finished products. And if you provide a service, you can also track units of time in Xero.
You can track many inventory types, including goods for resale, raw materials, and finished products. And if you provide a service, you can also track units of time in Xero.
Xero’s business stock management software uses the average cost method for your inventory valuation. This helps calculate your cost of goods sold (COGS) and the value of your remaining inventory.
Xero’s business stock management software uses the average cost method for your inventory valuation. This helps calculate your cost of goods sold (COGS) and the value of your remaining inventory.
You need to pay for an app – either Xero Inventory Plus or a third-party app – to integrate Xero with your ecommerce store. This allows for the seamless syncing of your sales and stock data.
Read up on the Xero Inventory Plus appYou need to pay for an app – either Xero Inventory Plus or a third-party app – to integrate Xero with your ecommerce store. This allows for the seamless syncing of your sales and stock data.
Read up on the Xero Inventory Plus appRight now, Xero’s core accounting software doesn’t track inventory in multiple locations. But you can easily integrate your Xero organization with the Xero Inventory Plus app or other, third-party apps to do this.
Right now, Xero’s core accounting software doesn’t track inventory in multiple locations. But you can easily integrate your Xero organization with the Xero Inventory Plus app or other, third-party apps to do this.
Yes – although it’s likely you’ll need to use Xero’s core features in combination with specialized inventory apps for manufacturing. Together, Xero and these apps give you a powerful way to manage your bill of materials, works in progress, and production tracking.
Here are some inventory apps on the Xero App StoreYes – although it’s likely you’ll need to use Xero’s core features in combination with specialized inventory apps for manufacturing. Together, Xero and these apps give you a powerful way to manage your bill of materials, works in progress, and production tracking.
Here are some inventory apps on the Xero App Store
83% of customers agree Xero helps free up time to focus on what matters most *Source: survey conducted by Xero of 271 small businesses in the US using Xero, May-June 2024"
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