Great accounting system, lacking in inventory management
February 09, 2018

Great accounting system, lacking in inventory management

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with QuickBooks Enterprise Solutions

We are a marine hardware manufacturer that has been utilizing QuickBooks for over 18 years. We upgraded to QuickBooks Enterprise from QuickBooks Premier about 5 years ago to take advantage of their inventory functions. We use QuickBooks for all aspects of our business; accounting, sales, inventory, and assemblies/kitting. QuickBooks is a fantastic accounting system, but lacks in inventory functionality. There is no real 'barcoding" functionality, even though their brochures say "barcoding is now available in Enterprise 18". It is not a true WMS system that will improve functionality in warehouse and inventory control.

Pros

  • QuickBooks was developed as an accounting system and does a fantastic job.
  • Reports are very easy to pull and customize as you need them. You can also save customized reports in your own individual folder, however, these reports would be visible to all with report writing access. They also have "advanced reporting" which you need to understand programming to use.
  • Easy interface to learn and use.

Cons

  • Inventory control is difficult in QuickBooks. Transaction tractability is nonexistent unless you scroll through a year's worth of transactions.
  • Kitting and build assemblies are very basic and do not operate like a true ERP solution. The worst part of it is if a component is used in an assembly process, there is no usage reporting for that component. It is removed from inventory, but cannot be traced through any of the inventory reports.
  • Unstable database - I must continually run "rebuild" because of inventory mismatch errors and costing inbalance.
  • The inventory management system needs a lot of improvement.
  • The accounting system allows us to minimize professional fees as many functions can be completed in-house.
If you need a good accounting system, QuickBooks is a great solution. If you need inventory control, this system works well for smaller companies that do not do any kitting or assemblies. If you are looking to barcode your warehouse, this is not the solution, unless you add a 3rd party WMS system.

QuickBooks Desktop Enterprise Feature Ratings

8.2
Accounts payable
10
Accounts receivable
10
Cash management
9
Bank reconciliation
9
Expense management
7
Time tracking
5
Fixed asset management
9
Multi-currency support
8
Multi-division support
8
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
7
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
4.0
Inventory tracking
7
Automatic reordering
2
Location management
6
Manufacturing module
1
5.6
Pricing
5
Order entry
8
Credit card processing
2
Cost of goods sold
5
Order Orchestration
8
End-to-end order visibility
6
Order exception Resolution
5
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
8.7
Dashboards
8
Standard reports
9
Custom reports
9
7.0
API for custom integration
Not Rated
Plug-ins
7
9.0
Role-based user permissions
9
Single sign-on capability
9

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