Back Bar vs Retail Inventory

Modified on Tue, 14 Jan at 4:35 PM

To help accurately track inventory consumed by a business and inventory sold to clients, MyTime allows you to designate products as retail, back bar, or both. This functionality enables you to monitor the quantity on hand for retail and back bar items separately, ensuring that you can effectively manage your stock levels. In this article, we discussed the differences between back bar inventory and retail inventory.

Things to know:

You can transfer products between back bar inventory and retail inventory, and vice versa.
Any adjustments made to products in the back bar and retail inventory will be recorded in the Inventory Adjustments report. Learn more here

Back Bar vs. Retail Inventory:

The following table provides information about back bar inventory and retail inventory.

Inventory

Description

Back Bar Inventory

The back bar inventory refers to the products utilized by staff members to perform services in various settings, such as salons and spas.

Primary Purpose: The primary purpose of back bar inventory is to track and manage the products that staff use during service delivery. This includes everything from hair color and styling products in a salon to essential oils and equipment in a spa.

Back Bar Fees: Back bar fees are charges incurred by employees for using products in a business setting. MyTime allows these fees to be deducted from staff compensation to cover the cost of supplies used to perform specific services. Back bar fees can be established at either the location-service level or the employee-service level. Learn more here.

Deduction of Back Bar Inventory: You can manually remove products from back bar inventory or configure your account to automatically deduct items when specific services are performed. Learn more here.

Retail Inventory

Retail inventory consists of products that are intended for sale to clients.

Primary Purpose: The primary purpose of retail inventory is to ensure that businesses have the right amount of stock on hand to meet client demand while minimizing costs associated with overstocking or stockouts.

Price of Items in Retail Inventory: The price of items in the retail inventory is configured from the main inventory page and is reflected on the ticket once the product is added. Learn more here.

Deduction of Items from Retail Inventory: Products are automatically deducted from retail inventory when a client purchases an item. However, you can also manually remove items from retail inventory if they are damaged or expired.

Commission for Items in Retail Inventory: By default, the Commission Eligible setting is checked for products, meaning that staff members can receive a commission for products sold, as long as commission is set up for products on the staff profile. If you uncheck this setting, staff members will not receive a commission for that item when it is sold. Learn more here.

For more information, contact us at support@mytime.com.