Xero’s Release ‘Inventory Tracking’ will easily track the quantity and value of your inventory on hand.
Check out which inventory items are your biggest sellers. Obtain real-time stock valuation.
Set up your inventory in Xero:
- Import your inventory items in bulk – Xero provides an import template for this purpose which can be downloaded
- Attach an image to each inventory item
- Perform a stock take at the end of the month
- Enter the opening balances for each item into Xero
Xero keeps track of the average value of each item based on the purchases made.
Each item includes a full history of purchases and sales and adjusts your quantity accordingly.
Information about your Inventory Item will include:
- Quantity on hand
- Average Cost
- Total Value
- Committed – Quotes
- Quantity – On Order
Inventory Item Details Report:
- Sale Price
- Value Movement
- Quantity on Hand Movement
- Profit per Item