QuickBooks Enterprise Advanced Inventory – Set up and Turn on

Intuit has introduced many add-on programs that integrate perfectly with its prized and popular software, QuickBooks. These programs help enhance the user experience of the software, giving users extra control and finesse over QuickBooks and its tools. One such application is QuickBooks Desktop Enterprise Advanced Inventory, which connects with the QuickBooks software to manage business inventory in a fuss-free manner.

QuickBooks Enterprise Software

QuickBooks Enterprise software has been in the market for quite some time now and is helping small to medium-sized businesses in handling the finances as well as the accounting tasks of the business. Tax and payroll activities are also completed using the software, which results in timely filing and payment of taxes and transfer of salary to employees. QuickBooks Enterprise Solutions 24.0 has introduced several new features that enhance the management of stock under QuickBooks POS, specifically Advanced Inventory, which is integrated with the software.

Advanced Inventory Management

The Advanced Inventory Management program helps the user to track and maintain their stock while also virtually moving the products from one facility to another by physical movement. The tool can be easily integrated with an already existing QuickBooks Enterprise solution or can be subscribed to new software in multiple ways. Users can either buy the program online or acquire it in a package under the Platinum subscription option of Intuit. This subscription also offers an advantage in the form of

• Automatic upgrade of the software with newly released updates
• Enhanced payroll version
• Advanced inventory tool
• Support from a proficient QuickBooks Enterprise Tech Support team

The tool moderately reduces the time taken to manage and track inventories over various categories and locations, thus saving both time and money. By integrating the application with the QuickBooks Enterprise solution, you can manage all your inventory needs under one platform systematically.

How to Turn on Advanced Inventory in QuickBooks Enterprise?

Technical support can be acquired to integrate, install, and run the program with QuickBooks by connecting with a proficient QuickBooks Enterprise customer care team through toll toll-free number. For those who have already subscribed and integrated the software, all they need to do now is turn the program on by following the instructions given below:

• Go to the tab ‘Edit’ from the menu and then select the ‘Preferences’ option.
• Select the ‘Items & Inventory’ option from the pane on the left side, followed by a tab labeled ‘Company Preferences’.
• Tick Mark the box against option ‘Inventory & Purchase Order are Active’.
• Now, lastly, click on the button labeled Advanced Inventory Settings. (In case the button is grayed, then you need to synchronize ‘License Data Online’ with QuickBooks if the subscription is already paid for.)
  • In QuickBooks, select Help, then Manage My License, and then Sync License Data Online.
  • Check that Advanced Inventory Settings is no longer grayed out.
  • Close and re-open the QuickBooks program.

What are the Steps to set up Advanced Inventory in QuickBooks Desktop?

Note: You mist turn on Advanced Inventory before proceeding. Follow the steps in Turn on Advanced Inventory to do so.

Step 1: Set up inventory sites

To track multiple inventory sites in QuickBooks Desktop, you must specify the locations where the inventory is stored. These designated locations, known as sites, can be warehouses, trucks, staging areas, or any other location where you want to track inventory quantities.

• From the Lists menu, choose Inventory Site List.
• Select the Site button, then choose New.
• Enter the proper information.
• Repeat Steps 1 to 3 until all your sites are set up.

When you have finished this step, you can move to Step 2 if you are changing to a different method of tracking multiple inventory sites or if you need to set up a reorder point for each site. If yes, then you can proceed to step 3. Otherwise, proceed to step 4.

Step 2: Convert from your previous method of tracking inventory sites

You can currently use a different method (with QuickBooks Desktop or another software) to track multiple inventory sites. Before you use multiple inventory sites, you need to make sure that your inventory numbers are right so that you can easily use advanced inventory.

To switch to Advanced Inventory, follow these steps, depending on your current method. If you don’t see your method listed, select “You use another method” for guidance.

Track inventory at multiple sites outside of QuickBooks

To switch to the Advanced Inventory method:

• Using your other software, run a report to identify the quantities available at each site.
• If you don’t have your inventory items set up in QuickBooks, you need to set them up.

Step 3: Set Reorder Points for Each Site

Advanced Inventory in QuickBooks Desktop allows you to set site-specific reorder points for each item. This feature enables you to have different reorder points for each site, and QuickBooks Desktop can alert you when inventory levels get low at a specific site.

• Choose Inventory Site List from the Lists menu.
• Navigate to the Activities dropdown and choose Set Reorder Points.
• Click on the dropdown arrow next to Set reorder point for site and pick the desired site.
• Input the reorder point for each item in the Site Reorder Point column.
• To set reorder points for additional sites, use the dropdown arrow next to Set reorder point for and select another site. Repeat this step until all sites have their reorder points set.
• Finally, click on OK to confirm your changes.

Advantages of Employing Advanced Inventory Management

Integrating the Advanced Inventory management tool with the QuickBooks Enterprise 24.0 solution accords users with an easy and seamless way of stocking up on their products and inventory. The imperative advantages provided by QuickBooks Advanced Inventory Management are listed below: Check the full review of QuickBooks Advanced Inventory

• Multiple locations tracking of the stock ensures all details regarding raw materials and products stored in various locations are provided in one place.
• Stricter control over the movement of the stock from one site to another.
• The multi-location tool also helps to know how much value and units of stock are stored in which location.
• Stock can be replenished easily following its needs and demand from the users, which results in better efficiency and improves loyalty for the business.
• The program initiates facility-specific purchase and sale of stock.

This add-on program offers many more features and tools that benefit the user by keeping the inventory of the business in systematic order and streamlining the related functions. Businesses dealing in multiple inventory sites are more likely to have benefited from the tool than those who have stock located in one place only. Most accounting software, nowadays, comes with a handy inventory management tool that effectively deals with business stock without costing much. For QuickBooks users, Advanced Inventory Management is the one.

Conclusion – Master Inventory with QuickBooks Enterprise Advanced Inventory

QuickBooks Enterprise with Advanced Inventory gives growing businesses the tools to manage stock across multiple locations, track serial/lot numbers, automate reorder points, and streamline the supply chain. It’s ideal for wholesalers, manufacturers, and retailers who need more than basic inventory features. With help from AccountsPro’s certified QuickBooks experts, you can set up, customize, and get the most out of Advanced Inventory for real-time inventory control and accuracy.

Frequently Asked Questions