- #Quickbooks enterprise 16 product number pro#
- #Quickbooks enterprise 16 product number software#
A basic inventory management system will not offer this.įinally, inventory adjustments in the Advanced Inventory module are straightforward: You can adjust quantities on hand for particular lot numbers. To integrate FIFO costing with actual warehouse picking using the FIFO method, you’ll need to find a more robust solution for warehouse management that supports both FIFO picking logic and lot control. It’s important to note that FIFO costing is distinct from lot tracking in Advanced Inventory: The system will cost items on the assumption that the oldest lots in inventory were the ones used to fill orders, even if these lots weren’t physically picked from the warehouse and shipped to customers. The system will then factor in the prices you paid for the next-oldest lots in inventory when calculating costs. With FIFO costing enabled, the costs for items sold will be calculated using the prices of the first lots you purchased, until the quantities of those lots are used up. Read our report on lot tracking solutions for food distributors to get tips on handling more complex recall scenarios.įIFO costing functionality is also quite useful, especially for distributors. 3 These reporting tools help you handle simpler recall scenarios-that is, ones that don’t involve complex manufacturing or distribution processes. The Advanced Inventory module even includes an Inventory Center that allows you to run recall reports by lot number.
First-in, first-out (FIFO) costing of lot history by item 2. You can use lot numbers to run reports that list: QuickBooks Enterprise with Advanced Inventory also offers useful reporting capabilities. In this way, the system provides the basic one-up, one-down traceability required by many distributors.Īdditionally, the system can track the lot numbers of components used in building assemblies, which is a crucial feature for manufacturers. 2īy controlling and tracking lot numbers in sales and purchase order processing, you can help maintain traceability throughout the supply chain in case of a recall. 1 And when filling sales orders, you can easily allocate particular lots to orders: Just choose from a drop-down menu of lot numbers with quantities in stock for each. Lot numbers can be entered in the system when receiving items into inventory for purchase order processing. Lot tracking for sales and purchase order processing 1įor distributors, the most essential lot tracking capability of QuickBooks Enterprise with Advanced Inventory is sales and purchase order processing. Such vendors allow you to keep your existing QuickBooks system in place while beefing up tracking abilities. While it may seem from the above chart that QuickBooks Enterprise’s Advanced Inventory module can cover all of your lot tracking needs, the devil is in the details, which we’ll examine later in depth.Ī number of inventory management vendors that focus on QuickBooks integrations offer robust lot tracking capabilities: Fishbowl Inventory is a good example. So what can you do with QuickBooks Enterprise’s tracking features? It turns out you can do quite a lot: Major Lot Tracking Capabilities of QuickBooks Enterprise With Advanced Inventory Purchasing this additional module is the only way to enable lot tracking capabilities within QuickBooks itself. It offers many (if not all) of the inventory management capabilities you’d find in an inventory management system, warehouse management system (WMS) or ERP system. The Advanced Inventory module for QuickBooks Enterprise is a scaled-down inventory management system that runs within QuickBooks. 
Will QuickBooks Advanced Inventory Work for You? Limits of Lot Tracking Capabilities in Advanced Inventory Lot Tracking Capabilities Offered in Advanced Inventory What Is Advanced QuickBooks Lot Tracking? Start here, as we’ve scoured available online resources on the topic-including video demos, video tutorials, help sites, forums, reviews and more-so you don’t have to.
Buy one of the many other inventory management, warehouse management or ERP systems on the market that offer lot tracking capabilities.īut how do you know which of these three approaches is right for your business?. Buy QuickBooks Enterprise with the Advanced Inventory add-on module (which comes at an extra cost). 
Integrate a third-party application to enable QuickBooks lot tracking. #Quickbooks enterprise 16 product number pro#
Lot tracking isn’t offered in the Simple Start, Essentials, Plus, Pro or Premier editions of QuickBooks.
#Quickbooks enterprise 16 product number software#
Let’s say you’re a manufacturer who needs to use software to track lot numbers, and you’re currently using or thinking about buying QuickBooks.
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