Manufacturers have unique accounting needs that require specialized solutions. QuickBooks Enterprise offers features tailored to the manufacturing industry, making it an ideal choice for manufacturers. Here are the top 12 reasons why manufacturers should choose QuickBooks Enterprise over QuickBooks Online:
1. Bill of Materials (BOM) Management
QuickBooks Enterprise includes robust features for managing bills of materials, allowing manufacturers to create, edit, and track BOMs for their products. With BOM management, manufacturers can ensure accurate inventory tracking, manage costs, and streamline production processes. QuickBooks Enterprise allows manufacturers to easily create multi-level BOMs, track component usage, and maintain accurate inventory levels for raw materials and finished goods.
In addition to BOM management, explore the top 5 features of Enterprise for manufacturing businesses.
2. Work Order Management
QuickBooks Enterprise offers comprehensive work order management capabilities, enabling manufacturers to create, track, and manage work orders for production tasks. Manufacturers can create work orders directly from sales orders or independently, assign tasks to employees or work centers, and track work order status in real-time. With work order management, manufacturers can streamline production workflows, track labor and material costs, and ensure timely completion of orders.
3. Inventory Assemblies
With QuickBooks Enterprise, manufacturers can create and track inventory assemblies, which are finished goods assembled from individual components or sub-assemblies. They can easily build inventory assemblies from raw materials or sub-assemblies, track assembly costs, and maintain accurate inventory levels. With inventory assemblies, manufacturers can efficiently manage production processes, reduce inventory carrying costs, and improve inventory accuracy.
Learn how to create assemblies in QuickBooks Enterprise.
If you would like to try the full version of QuickBooks Enterprise Desktop, click here to get a free, 30-day no-commitment trial plus access to the Resource Guide that lists all the features available in Enterprise.
4. Lot and Serial Number Tracking
QuickBooks Enterprise includes features for tracking lot and serial numbers, allowing manufacturers to trace products through the production process and distribution chain. Manufacturers can assign lot or serial numbers to items, track their movements, and maintain detailed records of each unit’s history. With lot and serial number tracking, manufacturers can improve product traceability, comply with regulatory requirements, and enhance quality control processes.
5. Advanced Inventory Reorder Points
The program offers advanced inventory reorder point functionality, enabling manufacturers to set optimal inventory levels for raw materials, components, and finished goods. Manufacturers can define reorder points based on lead times, sales forecasts, and safety stock requirements, ensuring that inventory levels are maintained at optimal levels. With advanced inventory reorder points, manufacturers can reduce stockouts, minimize excess inventory, and improve inventory turnover rates.
6. Enhanced Sales Order Fulfillment
QuickBooks Enterprise provides enhanced sales order fulfillment features, allowing manufacturers to efficiently fulfill customer orders and track order status in real-time. Manufacturers can create sales orders, allocate inventory, and track order fulfillment progress within QuickBooks Enterprise. With enhanced sales order fulfillment, manufacturers can streamline order processing, improve order accuracy, and enhance customer satisfaction.
7. Custom Pricing and Discounts
Manufacturers can set up customized pricing rules based on customer types, volume discounts, and promotional offers. Manufacturers can create price levels for different customer segments, apply discounts automatically, and track pricing changes over time. With custom pricing and discounts, manufacturers can optimize pricing strategies, attract new customers, and increase sales revenue.
8. Multi-Location Inventory Management
QuickBooks Enterprise includes features for managing inventory across multiple locations, allowing manufacturers to track inventory levels, transfer stock between locations, and optimize inventory distribution. Manufacturers can maintain separate inventory records for each location, track stock movements, and perform location-specific inventory counts. With multi-location inventory management, manufacturers can streamline inventory operations, reduce stockouts, and improve order fulfillment efficiency.
Learn more about multi-location inventory tracking in QuickBooks Enterprise.
9. Advanced Reporting and Analytics
QuickBooks Enterprise offers advanced reporting and analytics tools, providing manufacturers with valuable insights into their business performance. Manufacturers can generate custom reports to track key metrics such as production costs, inventory turnover, and sales trends. With advanced reporting and analytics, manufacturers can identify areas for improvement, make data-driven decisions, and optimize business operations.
10. Customizable Manufacturing Reports
With Enterprise, manufacturers can create customizable manufacturing reports to track production performance, monitor inventory levels, and analyze manufacturing costs. Manufacturers can create reports for key performance indicators such as production efficiency, scrap rates, and work center utilization. With customizable manufacturing reports, manufacturers can gain visibility into their manufacturing processes, identify bottlenecks, and implement process improvements.
11. Integration with Manufacturing Software
QuickBooks Enterprise integrates seamlessly with manufacturing software solutions, allowing manufacturers to extend the functionality of QuickBooks Enterprise to meet their specific needs. Manufacturers can integrate QuickBooks Enterprise with software for production scheduling, inventory optimization, and shop floor control. With integration with manufacturing software, manufacturers can streamline production workflows, improve operational efficiency, and enhance visibility into their manufacturing processes.
12. Scalability and Growth Potential
QuickBooks Enterprise is scalable, allowing manufacturers to grow their businesses without outgrowing their accounting software. Manufacturers can easily add users, expand inventory, and customize features as their business grows. With QuickBooks Enterprise, manufacturers can scale their operations, manage growth effectively, and adapt to changing business requirements.
Conclusion
QuickBooks Enterprise offers a comprehensive set of features specifically designed to meet the unique needs of manufacturers. From bill of materials management to advanced inventory capabilities and customizable reports, QuickBooks Enterprise provides manufacturers with the tools they need to streamline operations, improve efficiency, and maximize profitability. If you’re a manufacturer looking to streamline your accounting processes and improve efficiency, contact us at 866-949-7267 for a free consultation. We can also help you with QuickBooks installation and setup with ongoing support for as long as your account is active.
Have Questions? Need Help?
If you have any questions about the features of QuickBooks Enterprise, you can give us a call at 866-949-7267 and one of our experts can walk you through the details.
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