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Advanced Inventory 2017-03-31T17:27:22+00:00

Overview

Intuit engineered an advanced inventory management system directly into QuickBooks Enterprise – with the same user-friendly interface. There is no need to purchase and learn a separate inventory management system or data integration software. All of your business data is conveniently located in one central place so that you can easily manage your accounting data, inventory systems, job costing reports, and more.

Bin Location Tracking

Track specific inventory items down to the bin location level within one or more warehouses. When filling out forms, automatically see quantities and serial or lot numbers for each bin. Sort pick lists and item receipts by location for efficient picking and stocking.

Barcode Scanning

Increase efficiency and reliability for all inventory data entry by scanning items and serial numbers without touching a keyboard – QuickBooks automatically puts the information into the right field. Print barcode labels from inside QuickBooks, and if you don’t have barcodes, QuickBooks will create them for you. Integrates with any simple USB barcode scanner.

FIFO Costing

“FIFO” stands for first-in, first-out, meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold. In other words, the cost associated with the inventory that was purchased first is the cost expensed first. With FIFO, the cost of inventory reported on the balance sheet represents the cost of the inventory most recently purchased.

Get the flexibility to track inventory using FIFO costing or average costing and switch between the two methods at any time

Track Serial and Lot Numbers

Enter serial numbers and lots at the time of purchase, transfer, or sale for more reliable tracking. You can track defective lots through assemblies and subassemblies, in stock on shelves, and customer purchases with new reports.

Multi-Location Inventory Tracking

For each location, you can see how many items are on hand, on sales order, on purchase order, and your reorder point and QuickBooks will automatically calculate which items you need to restock.

Transfer Inventory from One Location to Another

If one location is running low on inventory, you can transfer stock from another location to meet demand without delay.

Track Your Inventory Data in One Place

In addition to tracking inventory in multiple warehouses, you can track it in different staging areas within a single warehouse, on service trucks, and on consignment. You can even track imported goods ‘on the water.’