QuickBooks Enterprise — What Makes it a Good Choice for Manufacturing Businesses

The manufacturing process involves cross-functioning diverse processes, such as vendor, sales, and inventory management. Therefore, to ensure seamless functioning, a comprehensive solution that integrates every manufacturing process function is required.

QuickBooks Enterprise is an all-in-one ERP solution with advanced features for the manufacturing industry. It can accommodate a maximum of 40 users and a data file size of up to 1 GB.

Let’s see why you should opt for QB Enterprise for your manufacturing business.

Assembly Management

Let’s see some QB Enterprise features that ensure effective assembly management.

Centralized Dashboard

QuickBooks Enterprise offers a centralized dashboard for efficiently managing and tracking inventory items, vendors, and customers. You can customize the dashboard by adding new fields.

Item Management

QuickBooks Enterprise facilitates effectively managing items, assembly parts, services, or non-inventory parts. You can add up to one million items in QuickBooks Enterprise.

You can easily add the cost of each inventory part and map it to an expense account. Moreover, you can add reorder points for each item in the items list.

Advanced Pricing

The advanced pricing feature, available in the Platinum edition of QB Enterprise, empowers manufacturers to get the best prices for their products by automating the pricing process.

Advanced pricing enables price automation by setting custom price rules for items, customers, classes, and sales reps. You can set the price to be x% higher or lower than the base price.

Moreover, you can select the date and time the price rules should apply. This feature also allows you to use multiple price rules for an item.

Landed Cost

With the landed cost feature, you can efficiently track landed costs, such as shipping and handling, customs duty, and insurance. This helps you evaluate a product’s actual price.

To use landed cost, activate the Advanced Inventory feature in the “Items and Inventory section.” You can create a landed cost account and map all its costs. These costs can then be used to calculate the landed costs of the new and old bills.

Bill of Materials

Various costs are associated with building a product, from inventory parts and labor to delivery charges. For a manufacturing firm, it can be challenging to track all these costs in one place.

QuickBooks Enterprise offers a bill of materials dashboard for building an assembly. In the bill of materials, you can view all the inventory and non-inventory items used for creating the assembly, along with their cost and quantity.

You can add new items to the bill, change their quantities, and edit the existing items. Moreover, you can also add an item to the existing item.

Effective Inventory Management

QB Enterprise offers some valuable features for inventory management.

Multiple inventory tracking

QuickBooks Enterprise enables you to track and manage multiple inventory sites and bins. You can set reorder points for a particular site. You can also receive inventory on a defined site and sell the inventory item from an available site.

QB Enterprise also gives you the option to transfer items between inventories. Moreover, you can compare the sales and inventory data for different sites and bin locations.

Bar codes

QuickBooks Enterprise enables enhanced inventory tracking. You can integrate a barcode scanner to scan inventory arriving at your warehouse and finished goods sent out for shipping.

All you need to do is open the transaction, such as an invoice, purchase, or sales order, and scan the item. The item details will be displayed in the transaction in real time.

Serial and lot number tracking

This feature enables you to track items by serial and lot numbers. You must enable this feature by navigating to the Serial/Lot Numbers in the Advanced Inventory section. Once activated, you can easily track if the serial or lot numbers are duplicated or do not exist in inventory.

Moreover, you can also choose the forms, such as sales and purchase transactions, where you want the serial or lot number to be displayed. You can add serial or lot numbers to newly arrived or existing items.

Sales Order Management

Picking and Packing Process

QuickBooks Enterprise offers customers a unified platform for enhancing the picking, packing, and shipping process. You can easily assign pickers according to specific bins or items. The selectors can then update the status on QB Enterprise in real time.

E-commerce Integration

Today, customers prefer online shopping platforms to brick-and-mortar stores. Hence, every manufacturer must use an e-commerce platform to boost sales and profitability. QuickBooks Enterprise integrates with popular e-commerce platforms, such as Shopify, Amazon, and WooCommerce, to ensure process transparency and easy sales tracking.

All your inventory status, transactions, and returns are automatically reflected in QB Enterprise, resulting in error-free operations.

Expiration Dates

This feature helps you track items based on their expiration dates. However, it is available only for Platinum and Diamond subscriptions.

To assign expiration dates to items, serials, or lot numbers, you must first activate Expiration Dates in the Serial/lot Number tab of the Advanced Inventory.

You can also check the lists on which you want expiration dates to be displayed.

Reporting

QuickBooks Enterprise offers more than 200 built-in reports to track every aspect of your manufacturing business. You can customize reports by adding or removing fields like sales representative, region, or balance.

QB Enterprise also enables you to combine the reports of two sites, bin locations, or even businesses. You can view reports like Inventory Sales by Site, Items by Bin Location, Quantity on Hand by Site, etc. Some other essential reports include -

• Inventory Stock Status by Item
• Assembly Shortage by Item
• Inventory Valuation Summary by Site

In addition to these default reports, QuickBooks Enterprise’s Advanced Reporting feature empowers you to create new reports.

Data Security

The manufacturing industry deals with confidential data, such as customer information, payment details, vendor details, sales reports, etc. Therefore, data security is an essential parameter when choosing an accounting solution. Some security safeguards are included in QuickBooks Enterprise.

Data Encryption

QuickBooks Enterprise offers 256-bit data encryption to ensure data security of your critical data.

User Permissions

QuickBooks Enterprise helps you manage users easily. Users with admin permission can add or delete users and set their permissions. QB Enterprise has 15 pre-defined roles with different permissions to assign to users. Moreover, you can edit the roles as per the process, create new custom roles, and edit the permissions.

Audit Trail

QuickBooks Enterprise provides an audit trail report for tracking user activities. You can view the users’ names, activities, and even the file on which the activity was performed. This feature enables admins to prevent data theft or accidental errors.

Backup

Any minor or major issue in the local IT infrastructure can cause data loss. QB Enterprise offers an online backup feature, where all your data is backed up daily on secure cloud servers. However, you need to pay additional monthly or annual charges for it.

Add the Power of Cloud to your QuickBooks Enterprise

QuickBooks Enterprise is an advanced solution for the manufacturing industry. However, when hosted on the cloud, manufacturers get a flexible platform where users can collaborate in real-time from anywhere. Moreover, it also enhances QB data security as the data is stored in secure cloud servers.

Ace Cloud Hosting offers advanced QuickBooks Enterprise hosting services specific to the manufacturing business. We host your QB on Tier 5 data centers, ensuring 99.99% uptime, enterprise-grade security, and disaster recovery.