QuickBooks, a leading accounting software in the world, has been successfully handling the key accounting tasks for small and medium-sized industries, such as enabling electronic payments, managing and paying bills, online banking and reconciliation among others. However, it is deficient in a few capabilities related to managing inventory and ordering processes, which are primarily tasks of the organizations. Responding the growing needs of the users to reconcile these disparate tasks, Goods Order inventory (GOIS) Pro, a cloud-based inventory management system, has recently implemented its integration with the QuickBooks accounting solution.
This integration has come up with numerous advantages to the QuickBooks users. A few of these are as follows:
- Increased automation
By allowing the automatic syncing of recent stock and order information, GOIS Pro-QuickBooks Integration eliminates the need of manual data entry. Thus, it also avoid the double data entry- one for accounting system, and the other for inventory and order management system. Consequently, the new integrated system is more efficient and error free than before.
- Enhanced reporting functions
After the integration, then users can avail the benefits of reporting capabilities of both the system seamlessly. Thus, the user experience of business reporting is far more enhanced.
- Improved productivity
As the key business information related to accounting, inventory and order management is integrated and available on the cloud, it is easily and globally accessible to the organizational users. Thus, by facilitating increased mobility and scalability, it results in the improved productivity of the entire organization.
- Better product management
In the integrated system, you can import the entire data about your products into a unified catalogue. This helps you manage the products more effectively, as you can organize them according to images, categories and prices. Since, accounts are integrated, you can easily figure out the best-selling products at any point of time.
- Seamless Purchase order process
With GOIS Pro, you can raise purchase orders with your vendors, and close it after receiving the inventory. Now, as the system is integrated with QuickBooks, you can make payments to the vendors instantly from anywhere. Here, the system gets the entire data synced automatically. This way, the integration provides the users seamless experience with regard to purchase order process, and saves a lot of work hours on the part of users.
- Real-time inventory valuation
GOIS pro provides you with real-time inventory status, as it keeps updating the entire data with every inventory related activities, such as buy or sell a product, moving the stocks across the locations, damaged or consumed items etc. Now, since QuickBooks maintains an accounts on all these, it is evident to perform the evaluation all the available inventory on-the-go. Thus, it helps you to keep in touch with the financial health of your enterprise anytime and anywhere.
It is evident that by connecting two cloud systems, this integration allows you to synchronize all the information from GOIS Pro to QuickBooks Online account instantly. As a result, you can manage all your business activities about accounting, managing inventory and orders at a single place. The above mentioned benefits are merely representative, there are many more you can experience when you would actually work on this. To know more about this, or to contact our expert, please click here.
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