Managing Inventory

sovak · ‎August 21, 2023

Quickbooks charges $100 a month just to do simple inventory tracking. Is there a better software for simple accounting. I feel quickbooks just charges for every little thing and makes it very complicated for the small business owner to do the accounting. Not sure why they brag about ease of use.

All I am trying to do is record inventory I purchase and sell properly. Is there a proper workflow for this other than buying into the advanced plan? I have bank feed setup so every-time I purchase inventory with my credit card it records under current assets and also as an expense. When I sell the product, I create a sales receipt for the client. However, it doesn't deduct the inventory from current assets. There has to be a simple workflow. Apparently under simple start we cannot add inventory under product and services, but I believe there should be a way to do this in simple start either (manual workflow process) Can anyone please help or should I switch to some other software?

Fiat Lux - ASIA · ‎August 21, 2023

The inventory feature is only available on QBO Plus and Advanced. Another cloud based app offers a plan with the inventory management feature at $40/month. If you are working solo, why don't you consider switching to QB Desktop with the one time license?

GlinetteC · ‎August 22, 2023

I'll provide some details regarding managing inventory in QuickBooks Online, sovak.

Inventory Management features are available in both the Plus and Advanced versions of QuickBooks Online. To effectively monitor and handle your inventory, consider upgrading to either QBO Plus or Advanced subscription. These versions offer robust inventory management tools that can help streamline your operations and provide better visibility into your stock levels.

To proceed with the upgrade, you can follow the steps below:

Go to the Gear ⚙ and select Account and settings.
Choose the Billing & subscription tab.
Make sure your payment info is up to date.
In the QuickBooks Online section, select Upgrade your plan.
Review the available plans and then pick Choose plan.
Follow the onscreen steps to upgrade your plan.

You can use this article to get additional details about the process: Upgrade or downgrade your QuickBooks Online edition.

In addition, I'm providing this link to help you discover how to view your top-selling items, check your current inventory, or track pending orders: Use reports to see your sales and inventory status.

If you need assistance with streamlining workflows, adjusting inventory levels, or any other inventory-related issues, tag me in a comment. I'm available to provide support throughout the process.

sovak · ‎August 22, 2023

I am aware of how to upgrade a plan. I don't think you read the entire post. Do you even know how much it cost for the advance and plus versions? I don't understand why there isn't a simple manual workflow if I want to address inventory without the "robust" inventory management quickbooks offers with my simple plan.

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