QuickBooks Inventory Pros and Cons

QuickBooks Inventory management does an excellent job of providing you with the necessary features needed to run your business. But, it may not be the best for your unique needs and has a few faults.

QuickBooks Inventory Pros

QuickBooks Inventory enhances efficiency in your inventory and your order management processes. You always see what’s in stock, where each item is located, what’s on order, and will know every moment what it’s all worth so you can make real-time business decisions.

QuickBooks Inventory automates more of your business for greater productivity. YOu’ll have real-time inventory visibility, decreased order fulfillment times, and less inventory surplus. The automated processes reduce errors that otherwise would cut your margins.

QuickBooks Inventory allows you to set more accurate delivery dates. You’ll keep your customers happy with efficient, accurate order fulfillment. Setting realistic delivery expectations with real-time inventory information increases your customer satisfaction, and you have it at your fingertips.

QuickBooks offers e-commerce add-ons allowing you to sell your inventory. Inventory management enables you to integrate sales data and inventory lists with many popular e-commerce apps. You can also purchase QuickBooks Commerce, allowing you to work through an inventory and order management platform for wholesale and multichannel businesses.

QuickBooks Inventory Cons

QuickBooks treats its Inventory Management as an additional feature, not a standalone product.

You need to use QuickBooks Commerce to sell online, which is an additional cost.

Multichannel tracking allows you to follow your inventory as it’s sold across multiple sales channels, including brick-and-mortar retail stores, Instagram, and your e-commerce—it is only available on QuickBooks Online.

QuickBooks Inventory offers inventory management capabilities, but some are limited. For example, you can track inventory levels, but you don’t get manufacturing features, like the bill of material generation. Even parts that other inventory platforms offer essential, like managing multiple warehouses, aren’t available unless you have the QuickBooks Desktop Enterprise plan.

QuickBooks also makes some necessary features available on only its desktop app. Without cloud-based inventory management software, you don’t have real-time data about your business. You can’t have multiple users updating your records simultaneously, which is necessary if you’re managing various warehouses. 

Finally, QuickBooks makes necessary features available on only its desktop app. Many features like barcoding, unlimited customer support, and report templates are only available on your desktop, not your mobile phone.