A business can work well while being managed by a single person or a group of people. In other cases, it may be better to have the assistance of a software tool. If this is your case, you should consider using a small business inventory management system .
Free software is important for your business. I’m sure you’ve heard this already, but there are several reasons why it’s true. We will discuss the most important part of it in the following article.
NCH Express Accounts
Best Free Professional Accounting Software.
NCH Express Accounts is a professional accounting software that accommodates businesses of any size. It offers amazing features to simplify your financial management tasks.
At the most basic level, this software helps with billing and creating invoices for your clients. It also identifies your liabilities and assets on a balance sheet.
The platform offers financial reports that prove vital during tax season and help you make insightful financial decisions. The best part is that the process to generate your financial report is easy.
NCH Express Accounts also helps you stay on top of purchases and transactions that you or your employees make.
With the Inventoria feature on this software, you can add, monitor, and get reports on your inventory. You’ll also find the platform easy to use. And the customer support service is always on standby to help you troubleshoot problems that might arise while you use the platform.
Pricing
NCH Express designed the free version specifically for small businesses with 5 or fewer employees and it is the Express Accounts Basic level. However, small businesses can subscribe to the Express Accounts Plus plan with a one-time fee of $159.
If your business is medium-sized or a big company, you can subscribe to the Express Accounts Basic for $139. And finally, for even more features, you can subscribe to the Express Accounts Plus plan for $8.83/ month with quarterly billing.
Pros
- Small businesses with 5 or fewer employees can access some basic features for free on the platform
- It has an intuitive and easy-to-navigate dashboard.
- It is very easy to use
Cons
- It is difficult to automatically import banking transactions
- You can’t access this software on your phone as there is no mobile app version
- It lacks time tracking features.
Ordoro
Hailed as the smartest shipping app in the world, Ordoro is a software app which provides businesses with a cost-effective solution to goods inventory for shipping operations. Ordoro’s basic pricing plan starts at $25 a month.
InFlow
InFlow Inventory provides businesses of different industries with a comprehensive online inventory management system. Users can receive orders, reorder stock, manage products and much more with this easy-to-use inventory management system. InFlow offers a free package, designed for users who have just started a small business.
Square
With the help of Square inventory management software, small businesses can easily import thousands of products with CSV spreadsheets. You can also export and print your inventory stock levels without any hassle.
Through this tool, you can also receive daily reminder emails informing you about items that are low or have gone out of stock.
The Square dashboard or Point of Sale (POS) app helps you manage inventory details like names, prices, and quantities. More advanced inventory tools like Square for Retail allow you to manage inventory for multiple locations from a single dashboard.
You can sign up for Square for free. For complete pricing information, you can get in touch with them.
Image via Square
Xero
Xero’s inventory management software tools can help you keep track of your business’ stock in real time. It uses an average cost method to calculate the total value of the stock on hand. It is great for small retailers and wholesalers as it is very simple to use.
This software uses CSV spreadsheets for the easy import and export of inventory data. Using this software program, you can find which products are you your best sellers.
Xero ensures that you don’t spend a lot of time on data entry. The whole process is automated to save time and to avoid errors.
You can get a demo of Xero inventory management software and try it for free. Their Early plan starts from $6.75 per month. Other upgraded plans are priced at $22.50 and $45 per month.
Image via Xero
Vend HQ
Vend HQ is powerful inventory management software that will bulk import your stock entries into a CSV file.
It provides options for you to create variants for your stock like size, color, and unit and edit them in one click. You can easily create combo offers and update inventory using this tool.
Also, you can import barcodes and labels, both old and new. You can customize your product description categories according to your products. You can also integrate your online stores’ collections and perform inventory counts.
This tool makes it easy for you to duplicate a product or its variants. Before you save it as a new product, you can make the required changes to it.
You can get a free trial of this software program. Their Lite plan starts at $99 per month while the Pro plan is available for $129 per month.
Image via Vend HQ
AdvancePro
If your business uses QuickBooks you can integrate QuickBooks records with ease into the AdvancePro system. AdvancePro provides a series of high-performing inventory and warehouse management tools that can be tailored to a small business’s needs. AdvancePro’s inventory management tool’s pricing is competitive and dependent on the package.
Goldenseal Accounting
Designed specifically for small businesses, Goldenseal Accounting offers a full suite of accounting and inventory management services. The system is especially suitable for construction firms and other businesses that bill for materials and time. The software’s basic version starts at $495.
NCR Counterpoint
If you’re a small business operating in retail, wholesale or mail-order, NCR Counterpoint offers an intuitive solution to inventory management. This cloud-hosted point of sale software provides automated purchase orders and a host of payment processing features. NCR’s inventory management products are competitively priced and realistic for small businesses.
Wasp Barcode
Reduce errors and maintain exact stock counts using Wasp’s inventory software solution. Using it, you can compile and analyze inventory data with real-time reports.
You can easily manage warehouse inventory at any stage — be it picking, packing, or delivering the products. You can quickly track critical supplies and streamline your purchase orders.This software uses a mobile barcode scanning system to find errors at the source itself. It’s an efficient system that will help you save a lot of time.
Wasp Barcode also notifies you if your stock level goes below the permitted level. You can set automated re-order for any preferred inventory or vendor.
You can request a guided demo for a better understanding. The basic plan will cost you $595 annually.
Retail Inventory
Retail Inventory is an app which operates as a comprehensive inventory management system, including scanning barcodes. Pricing starts from $20 per month for the Basic package to $75 a month for the Premium package.
Red Rock Warehouse Manager
For businesses operating retail distribution, manufacturing and ecommerce fulfilment, this cloud-based inventory management system provides an efficient way to control inventory requirements. The system can be integrated with QuickBooks’ records. The Red Rock Warehouse Manager’s complete inventory visibility in the cloud is competitively priced for small businesses.
TradeGecko
TradeGecko’s inventory management software allows small businesses to manage stock and sales, automate shipping and create insightful inventory reports. Plans start from just $79 a month, making it an affordable option for small businesses.
TRXio
TRXio is a cloud-based inventory management system that assists businesses of all sizes and industries in managing their inventory demands. Businesses can take advantage of TRXio software’s free 14-day trial before committing to purchase the software.
Stockpile
Delivered by Canvus applications, Stockpile is a free online inventory system dedicated to helping small businesses and at-home users save time and money on inventory tasks. The system has tons of useful features, including adding inventory, taking returns and recording sales and damaged goods.
Fishbowl
Fishbowl provides an affordable and robust inventory management system that’s flexible for small businesses and will grow as they grow. The software integrates with QuickBook’s with ease, syncing inventory and accounting data. Businesses can see if Fishbowl is the right inventory management system for them with a 14-day free trial.
Losoftware
Losoftware is a free stock control software solution for small businesses operating in retail, ecommerce and serviced-based industries. The software is simple and easy-to-use, giving small businesses greater control of their stock.
Stitch Labs
With Stitch Labs, forward-thinking retail businesses can take control of their inventory from one convenient place. The platform allows businesses to manage inventory and order processing and sync availability across all sales channels and warehouses. Though Stitch Labs is not the cheapest inventory management system, starting from $499 a month.
Clearly Inventory
Clearly Inventory is inventory management software designed with “very small companies in mind.” The interface is simple to use, ideal for firms that don’t want to invest too much time getting to know new software. This inexpensive inventory tool allows small businesses to only pay for what they need as they expand.
Conclusion
A small business is the term used to refer to the kind of enterprise that is run by an individual person rather than a large corporation. Normally, it has fewer than five employees who are paid directly by the owner. A small business requires careful financial management because there are no investors or other people to fall back on in case of difficulties. However, keeping up with all the necessary records and reports can be quite easy if you use the right free inventory management tools.