The lifeblood of every business is its inventory. The products you sell, the raw materials, or the liquor on your shelves—inventory impacts every aspect of how you do business.
A good inventory management system can mean more money invested back into your business rather than being thrown away—but which inventory management system is right for you?
One of QuickBooks Desktop Enterprise’s most notable features is its advanced inventory management module that helps any business grow stronger. Below are some of the common issues you can deal with using the most powerful QuickBooks Desktop product—QuickBooks Desktop Enterprise.
1. Managing Inventory Across Multiple Warehouses, Stores, and/or Offices
Gone are the days of having to keep track of inventories across siloed office and warehouse locations. QuickBooks Desktop Enterprise allows you to manage inventory across multiple locations. You can easily track stock levels, orders, and sales at your warehouses and stores, so every location remains synced up. In addition, a centralized dashboard allows you to view all of your inventory locations in one place and send messages to employees at different locations.
The ability to manage inventory items in multiple locations and warehouses is exclusively available in QuickBooks Enterprise Platinum and QuickBooks Enterprise Diamond.
2. You Need to Track inventory by Lot, Bin, and Serial Numbers
You’re an entrepreneur putting everything on the line—how can a solid inventory system help you stay on track? Using QuickBooks Desktop Enterprise’s Advanced Inventory feature, you can track serial numbers or lot numbers. This is incredibly helpful if you’re trying to keep track of each limited edition of one-of-a-kind items you have in stock. You can also use QuickBooks Enterprise’s serial numbers functionality to track purchases, repairs, and the life cycle of items in inventory.
Note that you can’t track both serial numbers or lot numbers, so you have to understand your needs before you begin. For instance, if you want to buy and sell items with unique serial numbers or track customers who purchased specific serial numbers, then you need to use serial numbers. On the other hand, if you need to purchase items in lots or track customers that purchased items from a particular lot, then you should track inventory by lot numbers.
3. You Assemble and Track Items Before Selling
Manufacturing firms like computer assembling and bike shops are known for keeping meticulous records of inventory and parts before they’re sold.
QuickBooks Desktop Enterprise allows you to track items by lot for multiple revisions or batches, making it easy for you to track the entire lifecycle of a product. This helps your company keep up with regulatory compliance and helps your firm avoid additional charges from manufacturers. You can assemble your inventory items in builds without the need to manually make adjustments to your inventory counts.
4. You Are Tired of Manual Data Entry
Instead of spending all of your time entering data, QuickBooks Desktop Enterprise makes inventory management a breeze. Mobile barcode scanning does the trick. It allows you to send information to QuickBooks Enterprise and either print labels from UPS, FedEx, and USPS or have it emailed to you.
One-click shipment means you don’t have to reclassify items when moving inventory between warehouses. If you purchase QuickBooks Desktop Enterprise Diamond, we can help you set up mobile barcode scanning to help you streamline all future data entry workflows involved in your inventory management.
5. You Need Flexibility in Your Pricing Structure
A business strategy that doesn’t include the ability to change pricing quickly will leave you in the dust. This is where QuickBooks Desktop Enterprise’s Advanced Pricing module comes in. Advanced pricing, which is available in Platinum and Diamond, allows you to set up accurate pricing rules based on important conditions, such as quantity, class, item, and customer, giving you increased control over your pricing structure. The best thing about Enterprise and Diamond is that you can create price rules for each customer or group of customers.
Whether there’s a sudden manufacturer markdown, a seasonal discount, or a price change from your supplier, QuickBooks Desktop Enterprise can adjust pricing on the fly, so you never have to make a mistake. With this, you’ll be able to make the most of your sales and avoid losing money on low-selling items.
If you’re ready for a new level of inventory management power, turn to QuickBooks Desktop Enterprise. It offers enough tools to support your business without bogging you down with excess options. The Advanced Inventory management module is a popular feature in the industry, which is one of the reasons many businesses purchase QuickBooks Desktop Enterprise. To harness the full potential of Enterprise, we recommend that you get QuickBooks Enterprise Diamond.