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We run an art supply store and also build custom frames. There are things like tape and markers that we use in the custom framing, that we also sell in the store. Is there a feature to track what is taken from the inventory to use in the "manufacturing" process? Currently we just have a list on which we write everything down, however, it just occured to me that that will throw our square inventory off. If there is not, it would be a helpful feature for us to be able to ring it up on the terminal and be able to complete the transaction as "used in shop", so that it removes it from the inventory, and also could create a report for prices of things we used for tax purposes. Don't know what you would call. it.
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There currently is no feature that lets you take inventory out from Square to use for in-house items. These types of items I use my Accounting software to classify Sharpies and TP etc as Office Expenses like receipt paper. These items we do not sell. Now items like our candles that we make and sell, what I have done is ring the item up. Adjust the price to Cost of the item, and have a customer name of our Store (Location) or Store Use etc. So at the end of the year I can see how many or the total we spent on Candles we burn in house for testing or for scenting our store. Just remember to do the Price adjust to your cost of the Markers and not the price you sell them for or this will throw off tax records and show a profit for your business instead of the Break even point of no cost / no profit.
That is my best way to track this in Square if you do not do it in your accounting software.
Owner
Pocono Candle
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Square Support Number 855-700-6000.
Make Sure App and OS is up to date on your Device.
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There currently is no feature that lets you take inventory out from Square to use for in-house items. These types of items I use my Accounting software to classify Sharpies and TP etc as Office Expenses like receipt paper. These items we do not sell. Now items like our candles that we make and sell, what I have done is ring the item up. Adjust the price to Cost of the item, and have a customer name of our Store (Location) or Store Use etc. So at the end of the year I can see how many or the total we spent on Candles we burn in house for testing or for scenting our store. Just remember to do the Price adjust to your cost of the Markers and not the price you sell them for or this will throw off tax records and show a profit for your business instead of the Break even point of no cost / no profit.
That is my best way to track this in Square if you do not do it in your accounting software.
Owner
Pocono Candle
Mark as Best Answer if this Helped you solve an issue or give it a thumbs up if you like the answer.
Square Support Number 855-700-6000.
Make Sure App and OS is up to date on your Device.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
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