I thank you for the complete details you've shared, @SSD - MI.
Currently, QuickBooks Online has a built-in inventory feature that enables you to handle basic logistical requirements. Here are the things that you can do:
- Track inventory items and quantities
- Make automatic updates to inventory quantities
- Sort items by their taxable and nontaxable status
- Generate purchase orders and send them out to vendors
- Track each of your location’s total number of sales and level of profitability
- Set up stock alerts to let you know the appropriate time to order more items to replenish your stock
Should you wish for a more robust inventory functionality, you can visit our QuickBooks App center. It has an array of supported third-party applications that you can integrate with your QuickBooks Online account. Here' how:
- Sign in to your QuickBooks Online account.
- Go to the App menu.
- Enter the keyword "Inventory Management" on the Search box.
- Click the Magnifying Glass.
On the other hand, you can opt for the QuickBooks Enterprise version. It enables you to track inventory using the subscription-based feature called Advanced Inventory and Advanced Pricing. Also, the system automatically changes the prices of items on sales forms according to rules you create. Here are the other things that you can do:
- FIFO costing.
- Multiple location inventory.
- Bar code scanning.
- Bin or lot tracking.
- Serial or lot numbers.
- Offer quantity discounts
- Sales order fulfillment process (Site Operations).
Feel free to visit us here again if you have other questions about using the inventory management in QuickBooks. I'm always here to help.
