At the time of this writing, we recently celebrated Valentine’s Day. But whatever time of year you read this, you will be able to find a lot of valuable information. In the spirit of this romantic holiday, we would like to talk about how we feel about QuickBooks inventory management. Hint: We love it!
QuickBooks inventory management is an essential tool for small businesses and medium-sized businesses. It offers many advantages that you might not have considered, but that could be a big benefit to your business. Here are a few reasons why we love QuickBooks inventory management.
IT IS A PERFECT COMBINATION
QuickBooks is the most popular accounting software for small businesses across the United States, but it lacks many inventory management features businesses need. No one should expect it to do things it was not designed to do, so it makes sense that it would be great at accounting while lacking more inventory-focused features. That is why inventory management software that integrates with QuickBooks is so important. It complements the accounting software by bringing all sorts of advanced inventory tracking features to the table. QuickBooks inventory management adds inventory tracking, barcoding, and other key features to the existing ability to control finances. It is a great combination!
IT SAVES TIME
With QuickBooks inventory management, businesses can save a lot of time. When products are scanned in or out with inventory management software, it should automatically update QuickBooks on a scheduled basis and then generate all of the corresponding invoices and changes to the general ledger. You do not have to enter the same data into both your accounting and inventory software anymore. As we will talk about next, this elimination of double data entry is more than just a time saver.
IT INCREASES ACCURACY
Not only does QuickBooks inventory management save a great deal of time, but it also boosts your data accuracy. Because both QuickBooks and inventory management software get updated with the same information, it means you do not have to worry about double data entry and possibly making a mistake when entering data. Barcodes and scanners eliminate data entry by hand. There is no more worry about typos being made as you enter numbers into the system. You can schedule hourly, daily, weekly, or monthly updates of QuickBooks by your inventory management software to keep them in sync.
Having one set of books tell you one thing and another set of books tell you something else could lead to disastrous results for your business. You need to have correct information to stay in control of your financial and inventory situations. Otherwise, you might not be able to tell which solution’s numbers are true and which are incorrect and in need of being updated.
IT IS THE RIGHT SOLUTION
Fishbowl is the #1 selling manufacturing and warehouse management solution for QuickBooks. Its QuickBooks inventory management software is the right solution for your business.
Fishbowl integrates with QuickBooks to give them access to advanced inventory management features. This QuickBooks inventory management integration is helpful to small businesses for the following reasons:
- It is a perfect combination
- It saves time
- It increases accuracy
- It is the right solution for SMBs