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INVENTORY MANAGEMENT FOR SMALL BUSINESS

Q: What is an inventory tracking system?

An inventory management system tracks the sale, purchase and payments related to goods, raw materials, and finished products. Many inventory tracking software systems track inventory in different ways, such as by barcode or serial numbers, by radio-frequency identification (RFID), or through wireless tracking technology.

Q: How do I enter Inventory in QuickBooks?

You can add all the items you buy and sell as inventory in QuickBooks stock inventory software. Simply turn on the tracking feature to add inventory and non-inventory items. To add a product or service, enter the product name, SKU, and category. Once you add the product’s initial quantity on hand, add the re-order point to get alerts when it’s time to reorder.

Q: What is inventory control?

Inventory control focuses on warehouse management. It’s less about having the right amount of inventory, and more about keeping track of the inventory that is already in your warehouse.

Q: Which QuickBooks plans offer inventory management?

Inventory management features are available with QuickBooks Online Plus.

Sell, ship, manage and grow, all in one place

With QuickBooks you always know what’s going on with your inventory. In real time, you can anticipate any inventory shortages, and see what’s coming up.

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Stay stocked for success Never sell out Stay on top of your orders

Stay stocked for success

As stock comes in and out, QuickBooks inventory management software auto-updates your inventory. This makes it easy to see what’s selling and what to reorder.

How to manage your inventory with QuickBooks

QuickBooks makes sure you always know what’s going on with your inventory. In real time, you can anticipate any inventory shortages, and see what’s coming up.

Organise your products with images, categories and prices.

Auto-calculate the cost of each product sold using first-in, first-out (FIFO).

Run reports of bestselling items, total sales and total taxes.

The right plan for your business

Inventory features are available with QuickBooks Online Plus.

QuickBooks Plus features

Track income & expenses
Send unlimited invoices & quotes
Snap & store receipts
Track kilometres
Connect your bank
Track GST & e-lodge BAS
Insights & reports
Manage cash flow
Manage suppliers and bills
Multi-currency
Set-up recurring transactions
Track inventory
Track projects & locations
Manage budgets
Manage users (up to 5)

For businesses with up to 5 users that manage projects, inventory and contractors.

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What our customers are saying

“Knowing how much we have in inventory at any given time is vital to being able to forward plan production. QuickBooks keeps us in check”

Peter Philip, Wayward Brewing Co.

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Frequently Asked Questions

What is an inventory tracking system?

What does QuickBooks Online inventory management software do?

QuickBooks inventory management software organises your inventory and makes it easy to find products and services. You can track inventory on hand, get alerts for reorders, and get insights on what you buy and sell. With QuickBooks stock management software, you can enter non-inventory products and services. That is, the items you buy and sell but cannot track as inventory. You can also create bundles by grouping multiple products and services together.

How do I enter Inventory in QuickBooks?

What is inventory control?

Which QuickBooks plans offer inventory management?

Speak with our local QuickBooks team to find a plan that suits your business needs 1800 917 771

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