Hi Community! I’m excited to share some new features that we’re rolling out in the new Square for Retail solution. Square for Retail is a separate app - now available in the App Store - that adds on a suite of oft-requested features to the Point of Sale app, including advanced inventory reporting (Cost of Goods!), vendor management, and purchase orders. Let’s take a look!
Features:
- Inventory Plus
With Square for Retail, you have access to three new, powerful reports: Cost of Goods Sold, Projected Profit, and Inventory by Category. In order to take advantage of the new reports available with Inventory Plus, you can now add Unit Cost for each item in your library.
- Vendor Management and Purchase Orders
Now you have the ability to create and manage your vendor list and send and receive purchase orders – your online Square Dashboard is your new Back of House.
- Team Management and Customer Directory
We’re bundling some existing features into the Retail POS as well. With Square for Retail, you’ll also have access to Team Management and Customer Directory features!
Pricing:
For $60 a device per month per location you will get access to the full suite of features available above. The first device for each location is free, and each additional device (per location) costs $20. There’s also a zero-commitment 30-day free trial, if you’d like to give everything a try first.*
Processing fees for Square for Retail are 2.5% + 10c for swipe, dip, or tap payments, and 3.5% + 15 cents for manually-entered payments. Invoices and Online Store orders are 2.9% + 30c per transction.
(Note: If you’re already using Team Management, you will not be billed separately and all of your employees will be included in the price of Square for Retail. No action required on your part!)
*Pricing for Square for Retail was updated in 2018 .
Getting Started:
If you’re new to Square for Retail, take a look at our comprehensive Getting Started Guide – it includes helpful tips for sellers who are new to the Square Point of Sale for Retail (but already have a Square account), as well as easy-to-follow onboarding steps for anyone brand new to Square.
You can also check out our Town Square blog for more information.
Feel free to comment below with any questions, thanks!
There are a few things that would be nice to clarify:
1. This is a different app than Square POS. How different is it? It looks like it's just barcode scan or search, no pages of buttons like POS.
2. It includes Employee Management, which is $5 per employee per month when added to Square POS. Does it offer any additional functionality, or is it the same?
3. It includes Customer Directory, which is free. Does it include Loyalty or Marketing as well? Is there anything different about Directory with Retail versus POS?
4. It seems like Retail is particularly intended for those with more complex inventory and purchase order management needs. Does that seem accurate to your view? It would be great to have a side-by-side comparison of features for the two products.
I think a lot of Community members will find this to be a great addition, but giving people as much information as possible is a definite asset.
@Agate If you've been happy with Square up until now, you can continue using the Point of Sale app and keep all the features you've been using. The Retail product is an optional upgrade. If you're someone who has been waiting for some of the new Retail features, though, you'll need to evaluate the options for other companies that offer those features. If you hadn't decided to switch to someone else before, though, I'm not sure why you'd decide you need to switch now.
This is a snippet from the OP post,.... Has category filtering been implemented in inventory management? My account does not.
