Tracking Inventory for Your Brick and Mortar Store

By QuickBooks Canada Team

2 min read

If you run a brick-and-mortar shop, you need a quality system that can help you track your inventory. The right inventory management tools should allow you to see what you have on hand, and they should support invoicing, purchase orders, cost tracking and additional features, depending on your industry and the size of your business.

SOS Inventory

With SOS Inventory, you can enter inventory manually and assign a location and serial number for each item. Using the serial number, you can track the cost history of each item and assess its overall profitability.

This program also syncs with your QuickBooks Online account, saving you the burden of manually entry and reducing errors. When you create a sales order in SOS inventory, it can sync with QuickBooks, generate an invoice, issue a sales receipts, and update your accounting records accordingly.

If you run a manufacturing facility, you can use this app to track raw inventory as well as finished assemblies. SOS Inventory can track work-in-progress, so you know what’s happening with all of your inventory and so that you can let customers know when their products will be ready.

QR Inventory

If you prefer to catalog inventory by scanning rather than manual entry, you may like QR Inventory. This program allows you to create inventory records by scanning QR codes, barcodes or NFC tags with a smartphone or tablet. You may add descriptions to items and even attach photos for visual reference.

This program allows you to track inventory in multiple locations; if you do your own deliveries, this feature can help you track the location of your items. You simply need your warehouse employees and delivery drivers to update the location of an item when it is on the service van, at the customer’s address or in another location.

Unleashed

Unleashed offers tools to help you track your inventory. Its dashboard shows inventory levels and profit margins, giving you the information you need to assess which products are performing well. Because the app is online, you can sign into your account from anywhere on a smartphone or tablet and assess how your company is doing.

With Unleashed, you can track exactly how much each product costs. In addition to recording what you paid for the product, this app also tracks average shipping costs. If shipping costs, duties or customs increase, Unleashed adjusts your profit margin accordingly. If you have brick-and-mortar shops in multiple countries, this program can track sales in multiple currencies. When you sync it with your retail accounting software, you can instruct it to convert overseas sales into Canadian dollars.

DEAR Inventory

With DEAR Inventory, you can track and manage the inventory in your brick-and-mortar shop; if you support your shop with an online presence, you can also integrate your sales from your e-commerce site. This program integrates all of your inventory information, and it helps with managing costs and maximizing profitability.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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