So, integrating your accounting program with an inventory management system makes perfect sense, if only to keep closer tabs on your finances. In a retail vision study conducted in 2017 by Zebra Technologies, it was estimated that the worldwide cost of inventory distortion, including overstock, stock-outs, and shrinkage totaled $1.1 trillion, and that reducing stock-outs and overstocks can cut down a company’s inventory costs by 10%.
What is fishbowl inventory software#
While accounting software monitors your company’s overall fiscal health, it is equally wise to pay attention to your inventory. By 2020, 78% of SMBs will be fully dependent on cloud-based accounting solutions to run their systems, and the business is projected to increase its market size from $2.62 billion today to $4.25 billion by 2023. The movement from traditional desktop accounting to cloud accounting has grown further as businesses became aware of the latter’s advantages: improved data accuracy, better collaboration, widespread availability, and reduced maintenance costs. We’ll discuss some of the benefits of Fishbowl, as well as any potential shortcomings of the product. This guide on the pros and cons of Fishbowl will help you decide if your business can benefit from adding this inventory management software to your tech stack, especially if you are using Quickbooks for your accounting needs. Fishbowl lets you go beyond the capabilities of Quickbooks in inventory management and ensures data remains continually updated and consolidated. When Intuit opened its doors to third-party developers, which provided added functionality to Quickbooks, Fishbowl quickly became the standard in seamless integration. When it comes to inventory management, Quickbooks could use some assistance from a third-party system. However, its strength lies in its powerful accounting features and easy-to-use interface. With over 5.5 million customers worldwide, Intuit’s Quickbooks is one of the top small business accounting software.
What is fishbowl inventory full#
The full version’s price may seem hefty, but Fishbowl provides a complete inventory management solution suited to small and medium businesses. Fishbowl Mobile Warehouse is a one time fee, and each active mobile computer requires a seat from the standard licensing.The pros and cons of Fishbowl lie in its ability to seamlessly integrate with Quickbooks and provide expanded inventory management capabilities. Please note: Licensing for Fishbowl Inventory software is based on concurrent active users.
Barcode Printing and Scanning Supported.Their picking integration provides information for each line item on the order, including location, eliminating the time loss from having to locate hard-to-find products. The Fishbowl Inventory software allows for multiple inventory locations, including reorder points, order status, and part monitoring, making processing and shipping orders a snap. Part status lets you know in real time whether a part is available and whether it's at a single location or multiple, alleviating the stress of not knowing exactly where equipment is. Sales orders are easy and efficient, using dropdown lists to select customers and products to add. Once installed and configured, Fishbowl Inventory automatically copies your inventory, customer, vendor, and quantity information from QuickBooks, changing the QuickBooks files only when necessary.
The Fishbowl Inventory Software has reached end of life.įishbowl Inventory Management software integrates with QuickBooks accounting software, keeping your inventory counts accurate and up to date without having to leave the QuickBooks platform.