Kirk Tanner explains why Fishbowl Inventory is the No. 1 inventory management software for QuickBooks users: its seamless integration with QuickBooks.
Welcome to Whiteboard Wednesday. I’m Kirk Tanner, Chief Marketing Officer at Fishbowl. And today we’re gonna talk about QuickBooks’ integration with Fishbowl.
We don’t talk about this normally. We try to keep our topics to general business practices, problems, and solutions, but we’ve had a number of people ask us about Fishbowl and its integration with QuickBooks. So today’s Whiteboard Wednesday is gonna cover that topic.
If you’re in the business where you’re receiving goods that are going into inventory, then you’re selling them at retail or doing wholesale distribution or manufacturing, and then shipping all this out, well, then this is a conversation that you might be interested in.
Fishbowl was actually created so that it would be integrated and work with QuickBooks. We know that QuickBooks is a great accounting package and it does some amazing things for small and medium-sized businesses, taking care of all their financial needs. But where it falls short is these processes out here.
In fact, most people who were doing this, who don’t have Fishbowl or some other kind of solution, they have to do this in a manual process, meaning that they’ve got spreadsheets where they’re keeping inventory and they’re keeping lists of things that are going on over here in the manufacturing, like, you know, if they’ve got a build order they need to know what materials go into that and they’re keeping that on some kind of piece of paper or in a spreadsheet.
These are things that can be automated, and that’s what Fishbowl does. We automate everything from the receiving to the inventory, over here through these manufacturing, distribution processes, all the way through the pick, pack, and ship out the door.
The beauty of all this being integrated with QuickBooks is the fact that all of these different things tie back into QuickBooks with financial information so that your accounts are kept up to date. Basically, QuickBooks is great at keeping track of your accounts: your accounts receivable and your accounts payable. So this coming in and this going out – everything that is happening out here – you don’t have to come back and enter that in QuickBooks. Fishbowl is doing that for you.
Now, the other big thing that is a help: If you’re just using QuickBooks, we talk to companies all the time that maybe have all of their warehouse people out here trying to get into QuickBooks and enter information so that QuickBooks is always accurate. The problem with that is that these aren’t accounting people and so oftentimes they’ll make mistakes and they’ll put in bad information or they’ll change something in account, and they’ll mess this up in QuickBooks.
When they’re doing it out here in Fishbowl, they’re only dealing with the things that they’re responsible for and Fishbowl is feeding this information into QuickBooks and then QuickBooks is feeding information back out to Fishbowl, so that they know what they need to know out here. So now, instead of having 10 people in the warehouse in QuickBooks, you’ve now got two accountants who are dealing with QuickBooks, and everything in here is much more accurate. You don’t have to worry about human error.
So that’s what happens when Fishbowl and QuickBooks are integrated. They work as one solution. Fishbowl becomes your primary operating system for your entire business and all your processes, and QuickBooks just becomes your accounting package. You remove all of the double and triple data entry and you have fewer human errors and much more accurate accounting information, your business runs smoother, and that all leads to increased profitability.
That’s Whiteboard Wednesday for today. Thanks for joining us. Come back next week. Thanks.