Inventory management that keeps your stock moving
Track what you buy, sell and hold, and see the value of your inventory – all within Reckon One.
Everything you need to manage inventory
Create items
Purchase Orders
Negative inventory
Stock alerts
Stock value
Reporting
Set up items and track stock automatically
Create inventory items with product codes, purchase details and sales information. Reckon One automatically updates your quantity on hand as you buy and sell, so you always have an accurate view of your stock.
Manage stock from purchase order to sale
Create purchase orders, receive stock from suppliers and invoice your customers—all within Reckon One. Keep your purchasing, inventory and sales connected through the entire process, with fewer systems and spreadsheets to manage.
Sell first with negative inventory
Use negative inventory to sell first and reconcile stock when the purchase is recorded – ideal for drop shipping and made-to-order businesses. Complete the sale when it happens, even if the related supplier purchase hasn’t been entered yet.
Stay ahead with low-stock alerts
Quickly identify items running low with clear stock indicators. Know what needs reordering sooner, maintain the stock your customers need and reduce the risk of missing potential sales.
Know what you have and what it’s worth
See quantities on hand, average cost and total inventory value as products move through your business. Get a clear, up-to-date picture of the stock you’re holding and what it’s worth.
Understand your inventory with detailed reports
Review your inventory quantities, value and transaction history with easy reporting. Check your overall inventory position, view the status of individual products, and drill down into purchases, sales and stock adjustments to see how inventory levels and value have changed over time.
Plans that fit your business needs and your pocket
30-Day free trial
Cancel anytime
Unlimited users
† Free data migration offer includes 1 year of historical data + YTD only. Paid subscriptions only.
Helping thousands of businesses with their accounting
Keep your stock and accounts together online
Track what you buy, sell and hold all within Reckon One – without relying on separate spreadsheets. Reckon One connects your inventory items with invoices, bills, payments, receipts, credits and expense claims, so your stock quantities and accounting records stay together.
As cloud-based inventory management software, Reckon One gives you secure access to your stock management online, with no software to install.
Frequently asked questions
What is inventory management software?
Inventory management software helps businesses track the products they purchase, sell and hold. It provides visibility of stock quantities, movement and value, helping businesses make more informed purchasing and sales decisions.
What types of businesses can use Reckon One inventory management?
Reckon One inventory management is suitable for small to large businesses that buy and sell physical products, including retailers, wholesalers, trades, drop-shipping businesses and made-to-order businesses.
Which Reckon One plans include inventory management?
Inventory management is available with Reckon One Accounting Premium and Ultimate. It isn’t included with Accounting Plus or Payroll-only plans.
Does Reckon One support negative inventory?
Yes. Negative inventory lets you record a sale before the associated supplier purchase or stock receipt has been entered. This is useful for drop shipping, made-to-order products and other businesses that sell before purchasing or receiving stock.
How many inventory items can I create?
Accounting Premium Plan allows up to 10 active inventory items. Reckon One Ultimate Plan allows unlimited active inventory items.
How does Reckon One calculate inventory value?
Reckon One uses weighted average costing. The average cost is updated as inventory is purchased, helping you maintain an up-to-date view of the value of the stock held by your business.
Does Inventory Management work with my accounting method?
Yes. Inventory Management is designed to work best with accrual accounting, but it can also be used by businesses using cash-basis accounting. You’ll still be able to track stock levels, purchases, sales and inventory value, regardless of your accounting method.
Can I grant access to other people?
Yes, you can share access to Reckon One with as many users as you need. And the best part is, you can do it regardless of which plan you’re on. Simply invite users and assign the appropriate permissions, so they can help you manage your business.
Can I change my software plan later on?
Definitely! Reckon One offers you the flexibility to change your plan to fit the unique needs of your business. Whether it’s downgrading or upgrading, you can easily make these changes right from your Reckon account.
How does the 30-day free trial work?
The Reckon One free trial allows you to try our basic accounting software for a period of 30 days to ensure it meets the needs of your business. After this period, your subscription will automatically convert to a paid one to avoid any interruptions to your data. However, if you find that Reckon One small business accounting software is not suitable for your needs, you can cancel your subscription before the billing renewal date and your credit card won't be charged.
If life got in the way and you weren’t able to use your trial, no worries! Just give our friendly support team a shout and we’ll see if we can get you up and running again.
Is there a minimum subscription period?
No lock-ins. Enjoy flexible, month-to-month access to our basic accounting software for small business.
Do you provide customer support?
We offer support through email, chat, and phone with our local team and resources such as webinars, a small business resource hub, and an online community to help you succeed from the moment you start using Reckon One.
Expert training is also available through the Reckon Training Academy or our trusted partners (accountants and bookkeepers).
Add more to your accounting software
Our add on marketplace is full of third-party app integrations that extend the power of your accounting software.
Ready to simplify inventory management?
Track stock, manage purchases and keep your inventory connected to your accounting with Reckon One.
