Best Inventory Tracking Methods and Apps for Web-based Businesses
As a small web business owner that sells tangible products (i.e. clothing, food, equipment and supplies) one of the most tedious tasks that you face is that of keeping track of your inventory. Because keeping track of the items you sell is important, you need to have access to tools that help simplify this task and integrate your numbers with your accounting software.
When deciding on what type of inventory tracking software or apps you should choose, you need to determine how it will be used and make your life easier. If you are more adept using a computer for inputting information, you may want to consider computer software. If you are more comfortable using a computer tablet (i.e. iPad or Samsung Galaxy tablet) iPhone, or Android mobile phone, then you should choose one of the many inventory apps available for business. Here is a survey of inventory tracking methods that may be best suited for your business.
QuickBooks Online Plus (Intuit)
For businesses that use QuickBooks accounting software, QuickBooks Online Plus is the best solution available for your inventory tracking needs. The product, designed by Intuit, integrates seamlessly with your existing QuickBooks software. As a desktop user, the program is designed for businesses with light inventory and does not need barcode scanners. It provides capabilities for up to five users at a cost of $39 per month.
For businesses needing more functionality, the QuickBooks Pro, at $299 per user, offers additional inventory capabilities; light manufacturers may need to look at the Premiere edition at $399 per individual user; and, companies with a need to maintain inventory counts for more than one location as well as a fleet of delivery vehicles should purchase QuickBooks Enterprise at $3,000 for up to five users.
Sage 50 Complete Accounting (Peachtree)
If you are a user of Sage Peachtree accounting suite, you may want to check out the inventory management capabilities provided in this package. The inventory management function within the software is highly rated for its ability to accomplish a wide variety of monitoring and tracking tasks. You can perform simple and complex inventory management functions such as P.O. receipts, shipping and item reorders, among its functions. Multiple price levels for your items in inventory can also be maintained (up to 10) across different vendors.
Canvass (Canvass Solutions, Inc.)
Canvass is a simple to use inventory management app that takes all of your forms and documents that you use in paper form and translates them into an electronic format. This allows a business to use the forms that it is most familiar with in an online format that is available via a mobile telephone, tablet or desktop/laptop computer. Businesses that have an established inventory management system in place would be the beneficiaries of this tool since the documents used for inventory tracking and management will look like the ones they are accustomed to. There exists an ability to customize forms within the app as well as send data to customers or across departments within the company.
Lettuce App is a simple and easy to use tablet based inventory management app. One of the benefits of using this software (currently available for the Apple iPad) is its ability to integrate and track orders from various sources such as Shopify, FedEx, UPS, Amazon.com and eBay, among others. Lettuce works with QuickBooks for a seamless, integrated accounting process.
About the Author
This article was provided by Todd Cabrili, business graduate and young entrepreneur.