QuickBooks makes learning inventory management software easy, just like they do accounting.Īnd probably the most important advantage for small businesses is that Quickbooks inventory management is much more budget friendly than many inventory-specific software options. QuickBooks provides real-time inventory tracking and automatically syncs with accounting, so that the two are always up to date and in agreement.Īnother advantage of QuickBooks inventory is ease of use.
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QuickBooks inventory is significantly more accurate than manual inventory management. This is particularly true when it comes down to the choice between paying extra for additional software, or using what’s already available in Quickbooks.Īnd honestly, what’s already available is still fairly respectable. These tools may not be the most comprehensive inventory-management resources, but they can still get the job done. And because every business needs accounting, and QuickBooks is the number-one accounting software choice for small businesses, it makes sense for many organizations to simply use their existing QuickBooks solutions’ built-in inventory control tools. The Advantages of QuickBooks InventoryĪs previously stated, QuickBooks is accounting software, first and foremost. That said, businesses that need more advanced inventory management features may benefit from solutions such a Fishbowl. Small businesses that are interested in managing small amounts of inventory, but aren’t interested in investing large amounts of money can still benefit from what QuickBooks has to offer. Many QuickBooks solutions include basic but comprehensive inventory functions. However, QuickBooks doesn't actually offer stand-alone inventory software, though they do have great options inside their well-known accounting software for accurate and real-time inventory management. And because accounting and inventory often go hand-in-hand, many small businesses are looking towards QuickBooks as a possible inventory solution. Making it easy for users to track income and expenses, generate reports, pay bills, manage payroll, and more, QuickBooks has become an essential part of the small-business toolbox. Most small to medium-sized businesses are already familiar with QuickBooks accounting software. And for these businesses that demand accurate inventory on a budget, QuickBooks inventory management can seem like an obvious answer.
With this in mind, many small businesses are looking for an inventory-management service capable of meeting their needs without breaking the bank. At the same time, overstocked and unsold products tie up valuable capital and storage space Without enough on-hand inventory to meet customer demand, your business is essentially leaving money on the table. This is unfortunate, because proper inventory management is at the heart of small business success. In fact it’s speculated that nearly half of small businesses in the United States rely on spreadsheets to other manual methods for tracking inventory, or simply don’t track inventory at all. After all, when compared to immediate concerns such as designing a business strategy, recruiting and training an effective team, and growing a reliable customer base, handling inventory is often forced to take a backseat. For businesses that are just getting started, inventory management may seem like an afterthought.
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