Inventory management is crucial for many retail businesses where too many or too little stocks can be detrimental to the business. A good inventory management system is especially important as a retail business grows larger and a huge number of inventories has to be managed.
QuickBooks is a powerful financial management and accounting software that also provides inventory management capabilities. If you are using other accounting software, you may want to consider making the switch to QuickBooks for inventory management. With QuickBooks, there is no need to get another inventory management tool. Read on to find out why you should use QuickBooks to perform inventory management.
A Cost-Effective Inventory Management Solution
With the vast number of inventory management service providers in the market, there are some things you should know before making an investment in them. Whether you are an existing QuickBooks user or not, using QuickBooks as your one-stop accounting software with inventory management capabilities is a cost-effective solution. Designed to be used by anyone, it is easy to get the hang of using QuickBooks and harnessing its potential. With other inventory management tools, you will have to put in more effort to the software and they tend to have high maintenance and training costs.
Convenience for Existing QuickBooks Users
QuickBooks has a large user base for its accounting software. Chances are that your company has employees who have experience with QuickBooks. If you or your employees are existing users of QuickBooks, it will be more convenient for you to upgrade to QuickBooks Enterprise than adopting a new inventory management tool. With QuickBooks Enterprise, you can use the inventory management feature without the need to find alternative solutions.
In addition, many businesses are not aware that QuickBooks is able to handle the whole sales and purchasing cycle. Any restocking of inventory is just a click away and QuickBooks will immediately update the stock count in all warehouses.
Use Webgility for E-Commerce Inventory Management
A partner of QuickBooks, Webgility is a top accounting automation software for the e-commerce industry. Webgility can be used with QuickBooks as an inventory control solution for your e-commerce business. Any updates to the inventory on your store will be automatically synced to QuickBooks, thus saving time. As Webgility is an additional feature for QuickBooks, this makes it easier for businesses to manage their accounting systems as there is no need to reconcile data with separate software. Being able to do everything in QuickBooks will ultimately improve the efficiency and accuracy of data within the accounting system.
If you are looking to explore the inventory management capabilities of QuickBooks, Fourlane is here to support you the whole way. We provide various QuickBooks services, such as training and consulting. Contact us today to request a free consultation, product demo, price quote, or let us know how we can help you.