SQUARE FOR RETAIL
Streamline your business with our inventory reporting system
Keep on top of what’s performing and what’s not, and easily manage your ordering process. Square’s tools allow you to see key insights, which help you run your business smoother and make better decisions.
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See the bigger picture with Square’s real-time inventory reports
An inventory report provides real-time information about your business’s stock levels. It helps you understand what’s selling and what’s not, when stock levels are running low, when you need to reorder, and which product brands are the most successful. This information can reduce overstocking and lets you know when stock has run out.
Use inventory reports to transform your retail business operations
Real-time inventory tracking
Square for Retail gives you real-time reports on stock levels, reducing the risk of running out of popular items. Review and confirm cycle or stocktakes your employees have completed, right from your iPhone or iPad, which prevents inventory discrepancies and helps you understand the health of the business.
Product performance analysis
Use our smart stock forecast feature to track how fast items are selling, what date they’re likely to run out, and how many units are in transit to the store. Get automated recommendations for when to reorder, send a marketing campaign for low performing Inventory and check stock levels for each item in multiple locations even when you’re not on site.
Stock adjustment reporting
Easily view all stock movements across different vendors, stores, or employees, all from one place. Use our reporting recommendations to fix historical stock errors in bulk, for items that may be missing purchasing costs or suppliers, so you always have accurate and reliable data insights.
Cut your admin time and gather valuable insights with inventory reporting
With Square, you can manage your inventory, stock levels and purchase orders all in one place. Provide a great customer experience and help boost sales knowing you’ve always got the stock they want on hand.
Improve inventory management
Make your work day easier with our all-in-one inventory management software and app.
- Real-time inventory management reports help businesses make informed decisions.
- Low stock alerts and multi-location management reduce the risk of stock running out or overstocking, ensuring customers can buy the products they want, when they want them.
- Save time with automated purchase ordering.
- Keep all your vendor information in one place so you can easily reorder when stock runs low.
Increased sales
Leverage data from inventory reports to optimise your marketing strategy and drive sales growth.
- Track product performance and identify best sellers and slow movers for future promotional activity.
- Identify which vendors perform best across stores.
- Use the insights to optimise your product mix and make key marketing decisions.
- Send marketing campaigns on low performing stock to help increase engagement and business revenue.
Multi-channel inventory management
Gain a better business overview by tracking inventory across multiple locations and channels.
- Manage stock levels across multiple locations (brick-and-mortar stores, online marketplaces and social media platforms), from anywhere through your Square Dashboard.
- Access real-time inventory data across multiple stores.
- View which stock have been committed to pickup and delivery, so you always have a true reflection of what’s available to sell.
- Make data-driven decisions and optimise inventory levels for each channel.
Customisable reports
Track the things that matter most to your business.
- Retailers can create customised reports from their Square Dashboard to track specific metrics.
- View the total financial value and profit, from sold stock with cost of goods sold reporting.
- Track the projected profit you could make across different products for smarter planning.
- Use sell-through reporting to discover which stock will run out based on how fast it’s selling and get recommendations on exactly what to reorder.
Start using our Square for Retail today!
Square for Retail is more than just a POS system
Inventory management system
Keep track of what inventory you have and where it is, even over multiple locations. You can also get alerts when your stock is running low and track performance and profit of your products.
Auto item creator
Save time on adding new items into your catalogue by scanning the barcode. Square pre-populates any registered product information, such as the name, size and more. Designed to help you work smarter, not harder.
Online store builder
Having an online store increases your opportunities to make sales and, in turn, increases both your revenue and your profit. Square makes it easy by syncing the items and stock counts from your POS automatically and providing free access to Square Online. With Square Online, you can build a functional and attractive website without any technical skills.
CRM software
It takes more than just the right choice of products at the right prices to keep customers coming through your doors. You also need to deliver consistently excellent customer service. Square lays the foundation for this with robust CRM software for capturing customer details across in-store and online sales.
Advanced reports
Good information makes for good business decisions. That’s why Square for Retail provides advanced reports straight from your Square Dashboard. These reports are promptly updated so you can be confident you’re always looking at the most recent figures.
Payment processing
Square provides secure, fast and simple payment processing solutions for businesses of all sizes. Whether you’re visiting markets or running multiple brick-and-mortar stores and an online store, Square has a payment processing solution that’s just right for you.
Download the Square App
Streamline your business operations with Square, which helps you manage all your sales, purchase ordering, payments, employees, inventory and more.
Plans for every stage
Free
For small businesses getting started in-person and online
$0
No monthly fees
Includes:
- Free Retail Point of Sale app
- Free online store
- Basic inventory tools
- Exchanges
- Built-in barcode scanner (iOS)
Processing rates per transaction:
1.9% per tap or insert on Square Reader and Square Stand
1.6% per tap or insert on Square Terminal and Square Register
2.2% per online transaction
Plus
For growing retail businesses that need in-depth features
$109
Per month, per location
Includes Square for Retail Free plan features and:
- Advanced inventory tools and reports
- Automatic purchase orders
- Barcode label printing
- Item bundling
- Unlimited employee time tracking
Processing rates per transaction:
Discount: 1.6% per tap or insert on Square Reader and Square Stand1
1.6% per tap or insert on Square Terminal and Square Register
2.2% per online transaction
Premium
For established retail businesses looking to scale
Custom
Must meet eligibility requirements
Includes Square for Retail Plus plan features and optional add-ons:
- Square Online Plus
- Square Loyalty
- Square Marketing
- One-on-one onboarding support
Businesses processing $250,000 or more in yearly payments may be eligible for custom pricing. To learn more, please get in touch with our experts.
*Inventory reports are available with Square for Retail Plus. You can get started with a 30-day free trial of Retail Plus to see if it’s right for you.
1The rate of 1.6% (GST inclusive) for contactless and chip and PIN payments on Square Reader and Square Stand is only applicable to payments processed when signed in to a Square for Retail Plus account on the Square Retail POS app.
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FAQs
Inventory management software performs many tasks retailers used to do manually. As well as tracking stock and purchase orders, it provides real-time information that can help you optimise your inventory levels and help make key business decisions.
Aside from producing valuable information, which can be used to make strategic business decisions, inventory reports can keep your costs of storing stock down. By never carrying too much stock, you can tighten up the whole supply chain process.
With Square for Retail, we’ve automated many of the processes allowing you to track your inventory with ease from your dashboard. You can check your real-time inventory data online or through the app – wherever you are and at any time.