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Activity Forums Q & A Startups New Business POS Inventory Issue

  • New Business POS Inventory Issue

    updated 3 weeks, 3 days ago 0 Member · 1 Post
  • Charles

    Member
    October 26, 2019 at 5:18 pm

    Good afternoon everyone! I am a few steps away from opening my own industrial parts store in Canada. I am getting all my ducks in a row for preparation to open January 1st. I’m worried about spending $100-$150 a month on a Point of Sale, where there are free ones that would do decent (Square). My concern is that Square does NOT have a inventory cost option. So my only way to calculate profit would be subtracting my inventory costs from my total sales. Is this a stupid way to run things? Am I going to run into issues in the future? Is is worth investing $1000-$2000 annually into a POS on a fresh business? Thank you! – by hq overview Skiteley – –

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