QuickBooks is the best option for many small businesses because it’s affordable and user friendly. If you’re a small-business owner and you don’t know a whole lot about accounting, you’re in luck because QuickBooks helps you generate and understand financial statements. You should still use a professional accountant, but it doesn’t hurt to know what your accountant is talking about.
Adding to QuickBooks’ Tools
Whether you’re a manufacturer or any other type of business, you need to get the right tools to handle your finances. QuickBooks helps you create all the financial statements you need: balance sheets, income statements and statements of cash flows.
But you need more than just a good accounting solution to maintain a healthy financial position. You should use QuickBooks inventory software to constantly update QuickBooks with the latest information on product purchases and sales. After all, QuickBooks is only as good as the information you put into it.
Benefits of Using QuickBooks Inventory Software
Combining inventory management software and QuickBooks lets you instantly update both your inventory and financial records at the same time. So when you receive products into your warehouse, transfer them to different locations or sell them to customers you only have to scan them once. This seriously increases your data accuracy by eliminating double data entry. You need to have accurate information to make smart business decisions.
With these tools, you can quickly find out which locations are enjoying the best sales, which products are most popular at each location, and how many products you have on hand at any given time. You can also set up automatic reorder points so you won’t suffer product shortages or keep too many in stock.
Click here to learn more about Fishbowl and how it integrates with QuickBooks and helps your business succeed. Fishbowl’s inventory software lets you get more out of your accounting software by helping you put the right information Intuit!