A power tool tracking clip includes a wireless beacon transmitter having a memory that stores an identifier and a transmitter configured to wirelessly transmit the identifier. A clip body member has a beacon receptacle, and the wireless beacon transmitter is positioned within the beacon receptacle. A first arm member is coupled to a first end of the clip body and has a first inner surface configured to engage a power tool. A second arm member is coupled to a second end of the clip body and has a second inner surface configured to engage the power tool. A mounting feature on the first arm member aligns with a corresponding mounting feature on a corresponding outer wall of the power tool when the power tool tracking clip is mated to the power tool.