Production tied to harvest and shelf-life cycles means costs shift by batch, lot, and season. Accurate margins depend on knowing what a specific run actually cost to make—not last quarter's average.
Accurate finances, clear inventory.
All in one place.
Track, value, and manage your inventory, right where you manage the books. QuickBooks Online Advanced is designed with growing product-based businesses in mind.
Financial clarity that keeps your business moving
ACCURACY & COSTING
Know your true margin before it slips, not after.
- Track inventory quantities and costs as you buy, receive, and sell products, so your inventory records stay up to date and connected to your books.
- Choose FIFO or moving average cost to calculate inventory value and cost of goods sold, the way your business works.
- Use inventory valuation reports to see quantity on hand, inventory value, and cost by product.
- Update inventory values right in QuickBooks when costs change, helping keep inventory valuation aligned with your books.
WHY IT MATTERS
When costs only catch up at close, a product can go underpriced for a quarter before you notice. Catch margin erosion while you can still fix it.


PURCHASING & SALES
A single thread from customer commitment to cash
- Manage purchase orders, item receipts, and sales orders in QuickBooks to track what you've ordered, received, and sold.
- Set reorder points and get low-stock alerts, so you always know when it's time to reorder.
- Buy in one unit of measure and sell in another — units convert automatically, with no separate spreadsheet to reconcile.
- Use sales orders to reserve inventory and see what's available before you commit product to a customer.
WHY IT MATTERS
When purchasing and sales live in separate tools, it's easy to promise inventory you don't have. Keep the full order thread connected, so nothing slips through the cracks.
PROFITABILITY & INSIGHTS
Know which products are actually making you money
- Monitor what's on hand, what it's worth, what you've sold, and cost of goods sold, with connected inventory and financial reports.
- Use sales and inventory reports to see sales, inventory value, and costs by product.
- Use inventory valuation and purchasing data to see how much cash is tied up in inventory.
- Compare product sales to identify your best-selling products.
WHY IT MATTERS
Without connected reporting, it's easy to keep making products that quietly lose money. See which ones pay off, and which just tie up cash.

CUSTOMER SUCCESS STORY
“Our accounting firm... can go into QuickBooks Online Advanced and actually see our transactions. So I don't have to send them documents on a regular basis like on Desktop... it's a huge time savings.”
Patti Snover, Senior Accountant
Mobile Power Solutions
CUSTOMER SUCCESS STORY
“QuickBooks Advanced has automated state tax payments - they're all set up now [for 11 states] … and they are auto going. That is saving me time, at least 2 hours saved every other payroll cycle”
Mallory Benneau, Operations Coordinator
Global Boxmachine, LLC
Built for how your business runs
Every product-based business runs differently. Yours should too.
ALL IN ONE PLACE
Get paid, pay bills, manage and pay your team, right where you do the books.
Pay and get paid–faster
Record, approve, and pay bills without leaving your workflow, with Bill Pay Elite. Add Payments to send invoices with automated reminders that help you get paid faster. Access capital, get paid upfront, and take control of your cash flow.**
Manage your people
QuickBooks Workforce brings payroll, HR, and financial data together with expert support and Intuit Al, so you can lead your business with confidence.**
Get clarity on the full picture
Keep teams lean and costs low as you scale your business. Books, bills, payments, payroll, HR, insights, and industry workflows, all together on one AI platform.
Connected intelligence. One solution.
Advanced replaces 8-12 separate tools at one transparent price.
Intelligent onboarding with expert-guided setup
NEWAI Chat for instant insights
Limited capacityBETAAuto-creates projects and allocates costs
with Project Management AIContinuous books quality checks, with quarterly insights
NEWGives financial insights tailored to your business
with Finance AICustomize dashboards with personalized KPIs and metrics to measure what matters most
Track performance with unlimited classes, locations, and custom KPIs
Units of measure conversion
Inventory value adjustments
FIFO & weighted-average costing
Inventory valuation reporting
Reorder points & alerts
Purchase orders & sales orders
Free 1099 e-filing and approval workflows with Bill Pay Elite**
Advanced project financials
Customize user permissions and access for up to 25 users
Automate workflows
Batch invoices and expenses
+$0.50 per bill pay transactions over monthly allotment.
Your plan
- Product support
- No annual contract
- Cancel anytime
Need a more powerful solution?
Intuit Enterprise Suite is a configurable, AI-powered solution that delivers multi-entity reports and actionable insights across your portfolio.

Stay on track with Advanced
Let Advanced help you surface product-level profitability for your business
Frequently asked questions
QuickBooks Online Advanced supports FIFO and moving average costing, so you can choose the method that fits your business and get COGS calculated automatically — not reconstructed by hand at month-end.
Yes. Advanced links sales orders to purchase orders, so a customer commitment flows straight through to what you need to buy — no re-entering data or manually matching orders across two records.
Advanced lets you make inventory value adjustments directly, so if a cost was recorded incorrectly or values need updating, you can correct it without unwinding transactions or starting over.
Yes. Intuit provides dedicated migration support to help move your data from QuickBooks Desktop to Advanced accurately, so you're not starting from scratch¹. Learn more here.
If you need units of measure, or more advanced inventory valuation capabilities, Advanced is built for that. Plus covers core inventory basics like tracking stock and creating purchase/sales orders, but Advanced adds the accounting-grade costing and valuation depth product businesses need as they scale.
Inventory management tracks what you have on hand and what it cost to buy — quantities, reorder points, and valuation for products you purchase and resell. Manufacturing software tracks what it costs to build something — bills of materials, production orders, and the materials and labor that go into a finished product. Many product-based businesses only need the first. The moment a business needs a bill of materials, a production order, or true per-batch cost, it's outgrown basic inventory tracking and needs manufacturing capability layered on top.
Accurate COGS depends on connecting purchasing, inventory, and sales into one system, so cost updates as materials are received, valued using a consistent method like FIFO or moving average costing, and sold — rather than being rebuilt by hand at month-end. Being able to adjust inventory values directly when costs change, without a parallel spreadsheet to reconcile, is what keeps margin visible as it happens instead of surfacing as a surprise at close.
Common signs include managing inventory or production costs across disconnected spreadsheets, not knowing true margin by product until the books close, and outgrowing entry-level accounting tools without being ready for the cost or complexity of full enterprise software. At that point, a business typically needs connected purchasing, inventory, and reporting built for how a product-based business actually operates — a step up from basic bookkeeping, without jumping straight to an ERP system it doesn't need yet.
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Payroll for QuickBooks Online is now QuickBooks Workforce. It isn't included in Advanced, but it integrates seamlessly — run payroll in the same place you manage your books, with taxes calculated, filed, and paid automatically. Choose the Workforce plan that fits your team, and everything flows into your books in real time — no exports, no double entry. If you're running payroll in Desktop today, your employee data comes over as part of migration.
Yes. Bill Pay Elite is embedded² — record, approve, and pay bills without leaving QuickBooks, with free standard ACH and unlimited 1099 e-file. Set up multi-step approval workflows so the right people sign off before money moves, and run vendor payments, approvals, and reconciliation in one system, always in sync with your books.
QuickBooks offers product help over the phone or via chat or email. Our experts can help you get set up and track your finances. With QuickBooks Online Advanced, you get access to Priority Circle, which gives you unlimited premium support and on-demand training.
Yes. Advanced lets you track, value, and move inventory in one connected workflow, built to scale. BOM management, the ability to link sales orders to POs, unit of measure, and item receipt help keep stock, costs, and margins accurate at every step.
Yes, you can invite an accountant, bookkeeper, or tax pro to collaborate with you for free with QuickBooks Online. Once they accept your invitation, they can work in your account. You can remove their access anytime.
Intuit uses AI to help you work smarter — automating repetitive tasks and surfacing insights so you can make financial decisions with confidence. We've been building AI into our products for years, guided by our responsible AI principles, which govern how we develop, operate, and scale AI across our platform. You stay in control of your data and your decisions. Review our responsible AI principles https://www.intuit.com/privacy/responsible-ai/
Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. For more information about Intuit Payments' money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.
*QuickBooks Online and QuickBooks Online Workforce discount offer terms:
QuickBooks Online Advanced / QuickBooks Workforce discount: 50% off the annual list price or 40% off the monthly list price for QuickBooks Online Advanced and/or QuickBooks Workforce. Discount applies for the first 12 months of service, followed by the then current annual or monthly list price. Based on your selection of product, your account will automatically be charged on an annual or monthly basis until you cancel. To cancel your QuickBooks Products subscription at any time go to Account & Settings in QuickBooks and select “Cancel.” Your QuickBooks Online cancellation will become effective at the end of the monthly billing period. The QuickBooks Workforce subscription will terminate immediately upon cancellation. You will not receive a pro-rated refund; your access and subscription benefits will continue for the remainder of the billing period. If you add or remove services, your service fees will be adjusted accordingly. Sales tax may be applied where applicable. This offer can't be combined with any other QuickBooks offers. To be eligible, you must be a current QuickBooks Desktop customer moving to QuickBooks Online Advanced or QuickBooks Workforce. Discounts are calculated off the stated pricing. Terms, conditions, pricing, special features, and service and support options subject to change without notice.
The discounts do not apply to additional employees and state tax filing fees.
Additional Workforce offer terms: Each employee you pay is an additional $4/month for Workforce. Service optimized for up to 50 employees. If you file taxes in more than one state, each additional state is $12/month. The discounts do not apply to additional employees and state tax filing fees.
**Features
QuickBooks Bill Pay: Subject to eligibility criteria, credit, and approval prior to first payment. Subscription to QuickBooks Online required. Bill Pay is included with QuickBooks Online and Bill Pay Elite is included with QuickBooks Online Advanced when purchased directly from QuickBooks.com or QuickBooks Sales. Not available in U.S. territories or outside the U.S. Limits may apply on total number and amount of payments. Unlimited 1099 e-file: 1099 forms are e-filed with the IRS only for the current filing year and for payments recorded in QuickBooks. Includes state filings for eligible states participating in IRS Combined Federal/State Filing program. If you have Bill Pay, which is included with QuickBooks Online, 1099 e-filing services will be charged at the standard 1099 E-file Service pricing.
Expert product support: Phone and chat support included with QuickBooks Workforce during business hours. Weekend phone and chat support is only available with Workforce Premium and Elite.
Mineral HR resources & experts: HR resources and experts are provided by Mineral, Inc. Access to Mineral resources varies by plan. Mineral experts are included with QuickBooks Workforce Elite, or available as a paid add-on to other Workforce plans. Mineral’s Privacy Policy and Terms of Service apply.
Data migration is currently available for a limited time at no additional cost only to existing QuickBooks Desktop or Enterprise customers who are migrating to QuickBooks Online Advanced or Intuit Enterprise Suite. A consultation is required. Some data may not be eligible for migration. Pricing, terms, conditions, special features and service options are subject to change without notice. Additional data migration services may be available at additional cost through third-party partners.
Terms, conditions, pricing, special features, and service and support options subject to change without notice.
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