5 Problems with Inventory Management in QuickBooks | ClikFocus
5 Problems with Inventory Management in QuickBooks | ClikFocus

5 Problems with Inventory Management in QuickBooks | ClikFocus

Winning a popularity contest doesn’t make QuickBooks the best choice for inventory management.

What ’ second one thing that ecommerce and brick-and-mortar retail stores have in common ? You probably guessed it : armory. And whenever you have inventory, there ’ s inventory management. In other words, when you sell physical products, it ’ s inevitable that person will be tracking what ’ mho in livestock, out of stock, and needs to be ordered, among other factors .
When starting out, most SMBs use manual methods for armory management purposes, namely spreadsheets. In fact, one view of over 1,100 U.S. small businesses revealed that a humongous 43 % either do not track their stock at all or rely on manual processes. Of the 33 % who use inventory management software, however, merely less than one-half use QuickBooks .
For many businesses, adopting QuickBooks is the next measure for improving their armory management. A popular choice for meeting report needs, as of 2017, QuickBooks Online alone boasted over 2 million ball-shaped customers. With this in mind, winning a popularity contest doesn ’ thyroxine make QuickBooks the best choice for inventory management .
While it may be a great burst for some, here are 5 problems you may face when performing inventory management in QuickBooks.

1. QuickBooks isn’t designed for inventory management.

As note, around 13 % of SMBs use QuickBooks for stock management purposes. Despite this, the software is plainly not designed to meet all of your inventory needs because that ’ s not its primary purpose : Quickbooks was built to serve primarily as account software .
Built for accounting, QuickBooks offers the entire telescope of features to meet your money management needs, including features that accommodate bookkeeping, requital skill, payroll, and time-tracking. With this emphasis on meeting your account needs, QuickBooks provides limited offerings for armory management .
As a resultant role, the software may fail to meet your inventory management expectations, but it ’ s not designed to. Rather, QuickBooks better serves to meet your report needs when integrated with a organization designed specifically for inventory management .

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2. You’ll likely need additional programs to bridge the gaps.

While QuickBooks claims to be an all-in-one business management instrument, you may find yourself needing to fill in the gaps. For exemplify, QuickBooks offers limit sales order management support, peculiarly the ability to track unshipped orders. To keep track of unshipped orders, you ’ ll have to resort to using a spreadsheet program or otherwise .
In accession to missing broadly applicable inventory features, there ’ s a strong luck you ’ ll want to use extra programs to make up for the industry-specific features you ’ re missing out on equally well. For example, QuickBooks does not offer inventory management features for manufacture or distribution .
Despite its limitations, it ’ s valuable to note that integrations with QuickBooks are available to help satisfy your stock needs. That said, many of these apps have few to no reviews or inadequate ratings, which increases their likelihood of failing your expectations .

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3. The limitations may grow as you scale. 

QuickBooks Enterprise, in detail, claims to be designed to grow with your business. however, in accession to the restrict access to features, you may find yourself limited by the alleged scalability offered by this software. From limitations in charge size to users, you may not have what you need to meet your business ’ mho needs of today or as you grow.

For case, one celebrated limitation is QuickBooks ’ sulfur limitations on your company file size as well. even for the Enterprise version of the software, your company can only have a maximum of 1GB of storage. As such, if you already know that you ’ ll need more memory than this software can offer, you may want to start considering other options .

4. There’s still a chance for human error to occur. 

One of the greatest benefits of armory management software is that it often reduces the electric potential for errors to occur. With fewer errors, your organization can save on fourth dimension, money, and resources. unfortunately, Quickbooks doesn ’ thymine help in this department adenine much as it could .
unfortunately, if you supplement QuickBooks with extra external programs or spreadsheets, your chances for homo error greatly increase. This is because it ’ s highly likely that person will be manually entering or transferring data from one program to another, and each time data moves from one space to another, the probability of an mistake occurring increases .
In this room, while an inventory management system can help to resolve issues with data introduction to sales forecasting, it may be less helpful when a person is moving around the data manually from one system to another .

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5. You’ll receive limited inventory analytics and reporting. 

last, one of the most significant issues presented by QuickBooks is its limit report offerings. With some information stored in away programs, possibly spreadsheets, QuickBooks won ’ t have all the information necessity to provide you with comprehensive examination reports .
When your reports are missing data, possibly information on those yet to be shipped orders, your gauge for your commercial enterprise ’ s health to your sales forecasts are very likely to be inaccurate. even with all of the data in place, it can be difficult to customize your stock reports to meet your needs .
With a truly across-the-board inventory management system, receiving comprehensive reports shouldn ’ thyroxine be an issue. not merely will reports include all the necessity information, but you should be able to tailor those reports in a manner that meets your singular needs.

If Not Inventory Management in QuickBooks, Then What?

While there are several reasons performing inventory management in QuickBooks isn ’ thyroxine ideal, the software is a commodity choice for some businesses. For exemplar, if your business is just starting out, QuickBooks is a cost-efficient option, with even QuickBooks Enterprise ranging from entirely $ 1,000~ to just under $ 5,000 per class. furthermore, these tools can be easily purchased on-line and do not require a software developer .
On the early hand, if you ’ rhenium now convinced that QuickBooks isn ’ t the best option for your commercial enterprise, you may be wondering what options you should consider pursuing alternatively. To meet your industry-specific needs, a well as needs particular to your business, consider acquiring a custom-tailored software solution .
For over a decade, ClikFocus has been building custom-tailored applications for non-profit and enterprise-level businesses alike. From unique stock management solutions to ecommerce systems, the sky ’ s the terminus ad quem on what we can create for your clientele. Say adieu to armory management in Quickbooks, and contact us today.

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