Phone and electronics shop: stock, accessories and repairs
Expensive phones, many accessories, repairs: an electronics shop mixes high-value products and small high-margin items. Tracking has to suit both.
Track valuable devices one by one
For phones and expensive devices, note the serial number or IMEI, the purchase price and the date received. You will know exactly what is in stock and what it cost, and avoid confusion between two similar models.
Accessories: small value, big margin
- Chargers, cases, earphones, cables: track them by quantity.
- Offer them with every device sale.
- Watch low-stock alerts on fast sellers.
- Check the margin: it is often where you earn the most.
Repairs and services
Record each repair with its price and the cost of parts. A repair is a service sale: it counts in your revenue and margin.
Credit and instalments
For an expensive device, a customer may ask to pay in instalments. Record it as credit with a ceiling, a deadline and every repayment, so you never lose track.
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Phone and electronics shop: stock, accessories and repairs
How do you avoid mix-ups between phone models?
Give each model a precise name (brand, model, storage, colour) and note the serial number on receipt.
How do you track an instalment sale?
Record the sale as credit under the customer’s name and note each payment in their book.