Managing a school holiday shop can indeed feel overwhelming, especially when it comes to keeping track of inventory. The endless counting and recounting can be time-consuming and stressful – especially during busy season! Luckily, Lil’ Shopper’s Shoppe makes monitoring your stock of items easy with our flexible count or no-count inventory options.
Keep reading to learn how to keep track of inventory at your holiday store!
Count vs. No Count Inventory
Count and no-count inventory are two methods of tracking items that you’ve sold and have in stock.
- Count Inventory: Manually count and record inventory regularly.
- No-Count Inventory: Typically used in consignment systems, this method of monitoring inventory doesn’t involve any counting. Keep track of daily sales and return unsold items at the end of your shop period. The vendor will charge your account for all items that you don’t return.
Here at the Lil’ Shopper’s Shoppe, we make it easy to keep an eye on your products by offering both count and no-count inventory options!
Keeping Track of Count Inventory
If you choose this method for your school store, your group will count the inventory upon its arrival and again after the sale concludes. The Chairperson enters return quantities into a worksheet and then copies those numbers into the Chairperson Portal. After they input the returns, the invoicing system will automatically generate your bill, factoring in re-orders, profits, gift certificates, and credit card sales.
It’s a simple three-step process:
- Count left-over merchandise and enter the totals into your provided worksheet.
- Input return quantities in the Chairperson Portal.
- Receive and pay your invoice.
Keeping Track of No-Count Inventory
When you select the no-count method, there’s no need to count inventory when it arrives or is returned. Your group only needs to record the sales for each day! You can keep track of totals by hand or use the School Cash Register App and record the amounts on your Closing Sale Worksheet. Then, copy those amounts into the Chairperson portal. Once you enter your sales, the system automatically calculates your invoice, including your profit, gift certificates, and credit card sales.
Here’s how we make it easy with no-count inventory:
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- Count daily sales using the School Cash Register App – it calculates order totals, accepts cash and card payments, and populates item costs with pre-loaded price codes.
- Record daily sales using your Closing Sale Worksheet and enter totals into the Chairperson Portal.
- Receive and pay your invoice.
Sign Up for Your School’s Holiday Shop Today
Lil’ Shopper’s Shoppe makes starting, operating, and managing a school store easier than ever. When you’re ready to give students an experience that can help them thrive in and out of school, fill out our Chairperson form. You’ll receive your inventory shortly after submitting it, and then you can set up shop!
