QuickBooks Enterprise offers inventory management capabilities that work well for small businesses. As those businesses grow, so do their inventory management needs. Fishbowl’s long-standing integration with QuickBooks is an excellent way to increase these capabilities without having to leave the QuickBooks accounting solution they know and trust. Let’s go through the QuickBooks Enterprise inventory management and manufacturing capabilities to see how Fishbowl can help add value to growing businesses.
Accounting Methods
The two accounting methods available in QuickBooks Enterprise are average costing and FIFO. Fishbowl offers LIFO and standard costing methods, in addition to QuickBooks’ offering.
Barcodes
QuickBooks Enterprise is able to scan barcodes, and integration with Fishbowl allows you to then generate them or print them out to attach to products.
Bill of Materials
QuickBooks Enterprise’s bill of materials feature can handle simple assembly jobs. With Fishbowl, you can then break manufacturing jobs into multiple production stages and customize your BOM templates.
Landed Costs
When QuickBooks Enterprise is integrated with Fishbowl, you can calculate landed costs of incoming orders and add them to a product’s total cost. This is especially helpful if you purchase goods from vendors outside of your home country.
Manufacture Orders
QuickBooks Enterprise’s manufacture orders can only be used for assembly jobs, but when coupled with Fishbowl, you’re able to do repair, disassembly, and other types of manufacturing jobs, as well.
Multi-Currency
Numerous currencies are available in QuickBooks Enterprise, and it’s possible to import money into the system in whatever currency you wish. You can also perform multi-currency conversions within the software.
Multiple Locations
QuickBooks Enterprise can be set up to store inventory in more than one warehouse. It can even drill down into each location and include specific zones within the warehouse, such as the receiving area and bin locations. With Fishbowl, you can increase the number and complexity of your inventory storage location and view all activity in a single dashboard.
Part Tracking
It’s possible to track parts by their lot number or serial number. Fishbowl increases tracking and tracing capabilities by adding expiration dates, revision numbers, and custom fields. Track your goods by the labeling details that matter most to you.
Picking
With QuickBooks Enterprise and FIshbowl in sync, you can set custom pick routes in your warehouses, making it easy to engage in batch picking and other time-saving order fulfillment tactics.
Vendors
When supply chain issues arise, you may have to look outside of your preferred vendors, in order to meet demand. With the Fishbowl and QuickBooks Enterprise integration, you can set up more than one vendor for each part in your inventory, including preferred vendors.
Kitting
Kits are made up of products that get grouped together according to their quantity, unit of measure, discount, tax rate, and/or other criteria. Fishbowl allows you to create kits with customized pricing that is automatically connected to your QuickBooks platform.
Return Merchandise Authorization
When RMAs are required, Fishbowl allows you to complete product returns or replacements. The financial impact of the return is automatically translated to QuickBooks Enterprise.
Transfer Orders
It is possible to generate transfer orders through QuickBooks Enterprise in order to move inventory from one location to another without the need for the exchange of money.
User Rights
QuickBooks Enterprise’s user rights are based on each user’s role in the system. Fishbowl takes it a step further by allowing you to grant user rights to specific features.
Variable Pricing
You can set up discounts on orders by a specific percentage, or set amount of money, in QuickBooks Enterprise.
Filling in the Gaps
If you’re looking to compliment QuickBooks Enterprise’s Advanced Inventory features, Fishbowl could be the perfect solution to help you scale and grow.
Fishbowl is the No.1 manufacturing and warehouse management solution for QuickBooks. So give Fishbowl a try today, and see how seamlessly it integrates with QuickBooks!
TL;DR Summary
QuickBooks Enterprise offers the following Advanced Inventory features to businesses:
- Accounting methods
- Barcode scanning
- Bill of materials
- Landed costs
- Manufacture orders
- Multi-currency
- Multiple locations
- Part tracking
- Picking
- Vendors
- Kitting
- Return merchandise authorization
- Transfer orders
- User rights
- Variable pricing