Inventory management can be the most complex element of your day-to-day accounting activities. QuickBooks provides some product- and service-tracking tools and reports, but if your inventory management needs are too complex for QuickBooks, you should explore the possibility of adding Fishbowl Inventory to your inventory arsenal.
Fishbowl Inventory integrates seamlessly with QuickBooks and provides an extraordinarily robust set of capabilities. Version 2011 features a brand new interface and numerous other new tools, like cycle-counting, report customization and wireless handheld support.
Here are some other things that you should know about it.
QuickBooks uses an average cost costing method. Fishbowl Inventory expands your options to include other methods that may be a better fit for your business.
If you manufacture or assemble your goods, other costing methods, such as the use of standard costs, allow you to measure the performance of the sales team as well as the manufacturing/assembly team.
On the other hand, if you are reselling items that you purchase in their completed form, such as in a retail store, a Last In First Out (LIFO) approach can show the most current cost in a volatile market. We can help you determine the best approach for your firm.
The periodic process of counting inventory in stock and checking that against the books is time-consuming — and painful. In some businesses, such as those vulnerable to shoplifting, this process is critical. Fishbowl Inventory makes this easier.
Ease of Operation
Fishbowl Inventory is designed from the ground up to make inventory accounting as simple as possible, yet to reflect the actual operation in as much detail as you need. That, together with our training, makes the system as easy to learn and use as QuickBooks. You need to understand inventory concepts, of course, but Fishbowl Inventory makes their implementation simple and productive.
Let us help make your inventory accounting easier and more effective. Net Plus Consulting works with customers nationwide. Please contact us via our website or call 212-461-3300 for a free, no-obligation consultation.
Net Plus Consulting is a nationwide service provider. To get started, check out our website or contact us to arrange a free one hour consultation.