Accurate stock control is essential for modern businesses that want to improve cash flow, reduce waste, and maintain clear financial visibility. The Lumi Business Inventory App continues to evolve with powerful features designed to support merchants across retail, hospitality, and service-based businesses.
Modern businesses need more than basic stock tracking—they need tools that improve cash flow, strengthen customer relationships, and provide accurate financial insights in real time. The Lumi Business Inventory App continues to evolve with powerful features designed to support merchants across retail, hospitality, and service-based businesses.
From Store Wallets that drive customer loyalty, to FIFO inventory control, manual debt recording, and enhanced End-of-Day reporting, these features are built to reflect how businesses actually operate.
Here’s a detailed look at how these updates help you run a more efficient, transparent, and profitable operation.
Store Wallet: Flexible Deposits, Faster Payments, and Stronger Customer Loyalty
The Store Wallet feature allows merchants to securely accept and manage customer deposits for future purchases. Instead of issuing refunds or tracking balances manually, funds are stored digitally under each customer’s profile and can be reused seamlessly. These updates make accurate stock control easier to maintain across daily sales, returns, and inventory movements.
How the Store Wallet Works
When a customer overpays, returns an item, or chooses to deposit funds in advance, the amount is credited to their Store Wallet. These funds remain available for future purchases and can be used for partial or full payments at checkout.
During future sales, the payable amount is debited automatically from the wallet balance, simplifying payment processing and reducing friction at checkout.
Key Capabilities
The Store Wallet integrates deeply with Sell Mode, allowing merchants to accept wallet payments securely. Each wallet transaction is protected by a 6-digit verification code sent directly to the customer, ensuring security and consent.
Returns can also be processed as store credits, with all wallet activity automatically logged under the customer’s profile. Customers receive email notifications for every credit and debit, ensuring transparency and trust.
Value to Merchants
By accepting deposits and store credits, businesses benefit from improved cash flow and reduced refund leakage. Funds remain within the business ecosystem, supporting financial stability and forecasting. The wallet also encourages repeat purchases, as customers are more likely to return to use stored balances.
Value to Customers
Customers enjoy flexible payment options, faster checkouts, and secure transactions. Clear notifications and transaction records provide confidence, while the ability to save funds for future purchases simplifies budgeting and spending decisions.
Accurate Stock Control with First-In-First-Out (FIFO) Inventory Management in Lumi Business
FIFO inventory management plays a key role in accurate stock control by ensuring older stock is sold first and reducing losses from expired items.
How FIFO Works in Lumi
The system automatically tracks inventory batches and prioritizes older stock during sales and deductions. Merchants gain visibility into stock age, expiry timelines, and movement history without manual intervention.
Merchant Benefits
FIFO helps businesses reduce waste, control costs, and improve warehouse efficiency. Expiry tracking and alerts ensure that products nearing expiration are identified early, allowing timely sales or adjustments.
Customer Benefits
Customers receive fresher, higher-quality products consistently. This improves satisfaction, builds trust, and reinforces confidence in the merchant’s quality standards.
Manual Debt Recording for Customer Purchases
Not all credit sales happen perfectly at checkout. The Manual Debt Recording feature allows merchants to add or adjust customer debt records even outside a standard transaction flow.
How It Works
Merchants can manually enter a debt amount, attach relevant notes or receipts, and assign it to a customer’s account. The system updates the customer’s outstanding balance instantly, ensuring records remain accurate.
Merchant Value
This feature provides greater control over financial records, allowing merchants to correct missed transactions, adjust balances, and maintain complete credit histories. It reduces discrepancies and supports transparent accounting.
Customer Value
Customers gain clear visibility into their outstanding debts, including dates and details. This transparency improves trust and helps customers manage repayments more effectively.
Instant End-of-Day (EOD) Report Downloads
Previously, End-of-Day reports were delivered only via email. Lumi now allows merchants to download EOD reports instantly from the platform.
What’s Improved
Reports are available on demand, in both PDF and Excel formats, making them accessible even for users who operate with usernames instead of email addresses.
Merchant Value
Instant access saves time, supports quick decision-making, and simplifies sharing with accountants or internal teams. Excel files allow deeper analysis, while PDFs are ideal for archiving and compliance.
Customer Value
Business owners gain immediate visibility into daily performance, with flexible access that fits different workflows and preferences.
Credit Repayments Included in End-of-Day Reports
To provide a complete financial picture, credit repayments are now included in EOD reports.
Why This Matters
Merchants can view repayment activity alongside sales, expenses, and settlements—eliminating blind spots in daily reporting.
Merchant Benefits
This creates a comprehensive snapshot of financial activity, improves reconciliation accuracy, and ensures no repayment data is overlooked.
Customer Benefits
Customers benefit from transparent and accurate repayment tracking, reinforcing confidence in how their financial interactions are recorded and managed.
Final Thoughts
By combining wallets, FIFO tracking, debt records, and real-time reports, Lumi Business delivers accurate stock control alongside better financial visibility.
These features reflect Lumi Business’s commitment to building practical, secure, and scalable tools for growing businesses. Whether it’s improving cash flow with Store Wallets, reducing waste through FIFO inventory control, correcting credit records, or delivering clearer daily reports, each update is designed to simplify operations and support smarter decision-making.
With the Lumi Business Inventory App, merchants gain not just software—but a reliable partner for running a more efficient, transparent, and customer-friendly business.