Many manufacturers use QuickBooks Online to manage their finances, but the software has some limitations regarding inventory management. QuickBooks is not designed specifically for manufacturing businesses, so it lacks some of the features that would be essential for managing a manufacturing business’ inventory.
One of the biggest limitations is its lack of support for multiple locations. QuickBooks only allows businesses to track inventory in one location, which can be a problem for manufacturers who have inventory spread out across multiple warehouses or facilities.
Another limitation of QuickBooks is its lack of support for lot tracking and serial numbers. This can be a major problem for manufacturers, who need to track these things to comply with quality control standards.
Finally, QuickBooks cannot also track assembly orders. This can be a problem for manufacturers who assemble products from multiple components.
Despite these limitations, QuickBooks can still be a useful tool for managing a manufacturing business’ finances. The software is relatively easy to use and can help businesses keep track of their income and expenses. However, businesses that need more robust inventory management features may want to consider using specialized manufacturing software instead of QuickBooks.