I'll share some information about our QuickBooks product, Atijak.
All of the basic accounting functions of QuickBooks are there in QuickBooks Online Advanced, but it also comes with a variety of useful features including customizable business analytics, revenue, and cash flow dashboards, custom user roles for up to 25 users, and online backup and restoration.
You can enable the QuickBooks Locations feature in the Company Settings of your QuickBooks account if you combine the accounting for all of your branches into a single account. This enables you to allocate Invoices and Expenses to particular locations and to build connections to vary for each of your branches. For more details, please read this link: Set up and use location tracking.
QBO Advanced has limited options for manufacturing functionality. You'll want to integrate it into any 3rd party application such as Katana to bring your manufacturing operations into a single platform. More apps that suit your needs can also be found by going to the Apps menu.
Here are the Pros and Cons of QuickBooks Online Advanced:
- Includes the popular ability to track by classes in addition to everything that is currently in Plus.
- Easy access to reports and customization.
- Allows custom permissions for individuals.
- Broader customization options for invoice and estimate templates
- There are still file-size issues and limitations on transactions and attributes of transactions.
On the other hand, The QuickBooks Enterprise product includes optional third-party EDI, bills of material, assembly management, and bar code scanning. This version of QuickBooks also allows you to set up multiple locations for tracking inventory. Some advantages of this are:
- Keep track of how much inventory (number of units and dollar value) you store at each site (warehouse)
- Assign items you purchase to a specific location
- Sell items from a specific location
- Move your inventory to other locations, bins, etc.
- Build assemblies with parts from different locations
- Run site-specific reports
I've added this resource for more insights: Multiple Inventory Sites.
Despite the advanced capabilities, QuickBooks Enterprise still has a lot of restrictions when used in a manufacturing setting. A few of these are:
- Limited choice in manufacturing costing methods to average or FIFO (does not support standard, actual, or LIFO).
- Engineering Change Orders and limited manufacturing bill of material management.
- Virtually zero quality control functionality for inventory or manufacturing transactions.
- Minimal forecasting or material requirements planning (MRP) capabilities.
I hope the information provided help you decide on which platforms and plans you can have for your manufacturing company. If you have further questions, please let us know. We're always available to help you.
