QuickBooks Online Inventory Management Saves You Time for the Things that Matter
Integrating point-of-sale and inventory software with QuickBooks Online will help you stay focused on the things in your business that matter by reducing your administration time.
6 Key Benefits of QuickBooks Online Inventory Management
Cin7 automatically updates your QuickBooks Online account with your latest purchases, sales and inventory values, so you can clearly see landing costs and gross profit reports.
Accurately Track Stock Value
Upon doing a stocktake in Cin7, a total stock value is stored in QuickBooks Online. When items are sold, cost of goods are generated per order. These are loaded into QuickBooks Online, to maintain an overall stock value.
Accurate Landed Costs
Cin7 factors in exchange rates, duty and freight when items are in stock. This makes for an accurate cost of goods and gross profit once goods are sold.
Reduce Data Entry & Margin Error
Cin7 exports sales orders, purchase orders, credit notes, stock adjustments, COGS and contacts to QuickBooks Online. This saves you time entering data and eliminates human error.
Current & Historic Sales Reports By Branch
Cin7’s reporting is interactive and allows filtering and drill down. Cin7 provides you with detailed reports that are not available in QuickBooks Online.
Batching of POS Daily Payments & E-commerce Sales
Cin7 batches payments together when closing POS registers at the end of the day. This means only one invoice per payment is imported into QuickBooks Online, making reconciliation easy.
Multi-currency Selling & Purchasing
Cin7 supports all major currencies for selling and purchasing. If an item is purchased in a foreign currency, Cin7 allows you to maintain the exchange rate to meet your requirements.