New: Improved reporting and cost management features in Square for Retail

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We’re thrilled to announce that Square for Retail’s inventory reporting has several new improvements! These additions will make it easier to track and manage your current and historical inventory costs.

All stock adjustments are now accounted for in your costs of goods sold. You also have several new features at your disposal to help get your reporting back on track: edit historical costs, view and update missing costs, bulk apply missing costs, and edit items in purchase orders.

To use these features first login into your Square Dashboard.

Edit historical costs

You can now edit historical unit costs in your inventory history log 

To edit a historical unit cost for an adjustment:

1. Navigate to your Inventory.
2. Select History.
3. Click on the stock adjustment where you’d like to edit the unit cost.
4. Edit the unit cost.
5. Tap Save.

View and update missing costs for adjustments

Along with editing past costs, you can also view and update missing costs.

To find missing unit costs for adjustments:

1. Navigate to your Inventory.
2. Select History.
3. On the All Costs drop-down menu, select Missing Cost.

You’ll now see a list of adjustments that are not associated with a unit cost.

To add a unit cost to these adjustments:

1. Tap Add Cost next to one of your adjustments.
2. Enter the unit cost.
3. Tap Save.

Update missing costs in bulk

You can now bulk update past missing costs with current item variation costs.

1. Navigate to your Item Library. Make sure that all variations have a unit cost.
2. Navigate to your Inventory.
3. Select History.
4. Tap Resolve Missing Cost.
5. Click Resolve Costs and the default cost you have for your variations will apply to all historical adjustments for those variations that are missing cost.

Edit items in purchase orders

Along with these other changes, you are also now able to edit items in past purchase orders.

To edit already-received items on a purchase order:

1. Log into your Square Dashboard.
2. Navigate to your Inventory.
3. Select Purchase Orders.
4. Click on the purchase order you’d like to edit.
5. Tap Edit Order.
6. Make the edits to your order.
7. Tap Save.

We made these improvements based on feedback from sellers like you! Your insights are critical in making sure we build the best possible retail solution. Thank you as always for being a Square seller!

For more on these new features check out the following articles in our Support Center:

- Square for Retail Reporting

- Item Library and Unit Cost Management

- Purchase Order Management