Is there a way to record my purchases that are made for the business?

[lotustouchlashe]

I am new to Square. I was wondering if there is a place to record the purchases I am making for the business and perform analytics quarterly measuring my profit after product?

[Kelly1]

Welcome to Square! We are happy to have you 😀

While Square Inventory Management does not have a way to track inventory costs, we do have an integration with Stitch Labs that will allow you to track your inventory costs and much more! 

[Enchanted]

What about inventory costs when you are using quick books as your accounting software?

[Kelly]

@Enchanted The current version of our Quickbooks and Square integration does not sync Square's inventory management tools or items. While we do have a few inventory integration options for Square, Quickbooks may not be the best option at the moment. You can see a full list of our inventory apps in your Square Dashboard. 

[Elleraeboutique]

this would be great!

[ballandshoe]

how can i attach cost to my invenmtory

[Kelly]

@ballandshoe Check out my answer above for more information! 

[mking]

Recommending a $500/month add on to be able to track your inventory costs, is embarrassing & shows that Square is more than a little out of touch with small business. It's almost to the point where the average person might even question the motives behind building such a dynamic system & then leaving out the integrity of basic features required by any small business from a point of sale device, such as a cost of goods field, when adding items. That is not a $500/month add on & to suggest that, is disheartening at best. I want to use my Square POS, but there are many other POS systems that have much easier to use & more helpful inventory tracking tools, which in the long run far outweigh the loss from the money I spent on a Square POS. Please get better. so I can use your equipment, pay you $60 month & let you process our endless CC transactions.

[VanKalkerFarms · Accepted solution]

This thread is almost a year old, so the information here is outdated.

Square has COG built into Square Retail which is a separate app.  You can read more information here about it https://squareup.com/pos/retail