Inventory management software helps businesses track the products they purchase, sell and hold. It gives you greater visibility of your stock levels, inventory data, stock movement and inventory value, helping you make more informed purchasing and sales decisions.

For small businesses, using inventory software alongside your accounting can also reduce manual work by keeping your purchases, sales and inventory information together in one system.

Reckon One inventory management is suitable for small and growing businesses that buy and sell physical products, including retailers, wholesalers, trades, drop-shipping businesses and made-to-order businesses.

It provides simple stock management tools to help you track inventory items, purchases, sales and stock levels as part of your everyday accounting workflow.

nventory management is available with Reckon One Accounting Premium and Ultimate. It isn’t included with Accounting Plus.

With inventory management built into your accounting software, you can manage stock, purchases, sales, invoices and reporting without relying on separate inventory apps or systems.

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.

It gives businesses greater flexibility when managing inventory levels and keeping sales moving, even when stock purchases haven’t yet been recorded.

The Accounting Premium plan allows up to 10 active inventory items. Reckon One Ultimate allows unlimited active inventory items, giving growing businesses more flexibility as their product range and inventory needs increase.

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.

This inventory data can help you understand your stock value and make more informed decisions about purchases, pricing and inventory management.

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, inventory items and inventory value, regardless of your accounting method.

Yes. A spreadsheet can be a simple way to track a small number of inventory items when your business is starting out.

As your business grows, manually updating stock levels, purchases and sales can take more time and increase the chance of errors. Inventory management software can save time by automatically updating inventory levels as you buy and sell stock and keeping your inventory data connected with your accounting.

The best inventory management software for a small business depends on how much stock you manage and the features you need.

Consider whether the inventory management system lets you easily track stock levels, manage inventory items, create purchase orders, record purchases and sales, monitor inventory value and access useful reporting.

For NZ small businesses that want inventory and accounting together, Reckon One provides inventory management within its cloud accounting software, helping reduce the need to manage different apps and systems.

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.

Expert training is also available through the Reckon Learning Hub or our trusted partners (accountants and bookkeepers).