What's Available — Toast IQ Inventory

Purchasing, Receiving & Ordering

Feature		Toast IQ Inventory
Manual Invoice-Based Stock Updates Inventory automatically updates when you manually create and receive an invoice.
AI Invoice Upload & Stock Update Upload an invoice image and let AI extract items, quantities, and costs to update inventory automatically.	AI
Automatic Cost Lot Creation Inventory costs and quantities are recorded automatically when invoices are received, ensuring accurate FIFO tracking.
Partial PO Receiving Receive only part of a purchase order and update inventory for just those items.
Edit Items During Receiving Add or modify items during the receiving process to ensure inventory accuracy before finalizing.
Par-Level Reordering Generate reorder suggestions based on predefined par levels to help prevent stockouts.
Multi-Location Stock Transfers Transfer inventory between Toast locations while maintaining accurate stock counts at each site.
Native Mobile Invoice Upload (Toast Now) Capture and upload invoice images directly within the Toast Now mobile app.	Mobile

Inventory

Feature		Toast IQ Inventory
Ad Hoc Stock Adjustments Track inventory using flexible units of measure with FIFO cost tracking. Supports retail items, ingredients, supplies, and prep recipes.
Count Sheet Templates Create reusable inventory count sheet templates to standardize counting workflows.
Scheduled Inventory Counts Perform scheduled inventory counts to maintain accurate stock levels.
Set Availability Strategy Separate from Stock Set item availability separately from stock quantity so stock value doesn't have to prevent sales.
Option Set Support Group similar products together where they vary by a standard variation like color or size.
Batch & Manual Production of Recipes & Bundles Manually or batch produce bundles and recipes, with batch size, stock tracking, and ingredient breakdown, to update stock levels accordingly.
Automatic Recipe & Bundle Depletion Automatically deduct ingredient inventory when recipes or bundled items are sold, without creating separate stock for the finished item.
Native Mobile Stock Tracking (Toast Now) Track and adjust inventory directly within the native mobile app.	Mobile
Offline Mobile Stock Tracking (Toast Now) Continue tracking and adjusting inventory offline, with automatic sync once reconnected.	Mobile
Custom Stock Adjustment Reasons Create and apply custom reasons for inventory adjustments to match operational needs.
Global Par Levels Define a default par level for all stock-tracked items to guide reordering decisions.

Reporting

Feature		Toast IQ Inventory
Sales & COGS Reporting View accurate sales and cost of goods sold reporting based on real inventory movements and recipe costing.
Inventory Roll Forward Report Track beginning inventory, stock movements, and ending balances in a clear roll forward view for easy reconciliation.
Inventory Snapshot Report View real-time inventory balances and valuation across all stock-tracked items.
Actual vs. Theoretical (AvT) After every stock count, compare actual inventory counts to theoretical usage to identify variance and shrinkage.
Custom Reporting Categories Create custom categories to organize products and analyze performance the way your business operates.
Menu Insights Integration (Toast IQ) Integrate inventory and recipe data with Toast IQ to unlock deeper menu performance and profitability insights.

Prepared Food & Bev Products

Feature		Toast IQ Inventory
Add Ingredients to Prepared Food & Bev Products Build recipes by adding ingredients to accurately track cost and inventory usage.
Plate Cost & Margin Calculation Automatically calculate plate cost and margin for menu items based on ingredient costs (gross & net).
Manual Ingredient Cost Set a default cost for ingredients to support consistent recipe costing and reporting.
Manual Plate Cost for Prep Food & Bev Products Define a default plate cost for sellable items when detailed ingredient tracking is not used.
Allergen Tagging Tag recipes with allergens to ensure accurate dietary information.
Basic Recipe Instructions Add text-based cooking instructions to recipes for operational clarity.
AI Ingredient Suggestions Receive AI-powered ingredient suggestions when creating recipes.	AI
AI-Assisted Allergen Tagging Automatically identify and tag allergens in recipes using AI assistance.	AI
Create Recipe from Uploaded Document Generate recipes by uploading and parsing recipe documents.	AI
Prep & Cook Time Tracking Record prep time and cook time for better kitchen planning and efficiency.
Recipe Reuse Across Menu Items Reuse a single recipe across multiple menu items to maintain consistency and reduce duplication.	MLM
Allergen Visibility Across Surfaces Display allergen information consistently across POS, KDS, menu items, and online ordering.

Modifiers

Feature		Toast IQ Inventory
Single Ingredient / Prep Modifiers Allow guests or staff to add a single ingredient or prep component as a modifier while accurately updating cost and inventory usage.
Remove Ingredient Modifier Support a "remove" modifier that deducts ingredients from a recipe, with optional percentage-based cost and inventory adjustment.

Onboarding

Feature		Toast IQ Inventory
Ingredient Import Quickly and easily get your existing ingredient data (competitor exports, supplier order guides) into the tool, then use invoice scanning to keep it accurate and add one-off new items over time.
Recipe Import Quickly and easily get your existing recipes (competitor exports, spreadsheets) into the tool in bulk, then keep them accurate and add one-off new recipes over time.