Determine which items are the best and worst sellers, along with those that yield the most or least profit.Ĭreate custom reports and dashboards to suit your company’s needs. Utilize inventory management reports to identify how various products are performing. View reports on how well items are selling. You can get real-time inventory valuation as your balance sheet gets automatically adjusted as you go about your day. Xero will keep track of counting the items to calculate their value as you buy and sell. Keep track of your orders from vendors, organizing their contact information in one central location for convenient restocking and monitoring purchase orders. Instantly create and send out professional invoices, sales receipts, estimates, and more with custom business forms. Create reusable text for quotes, invoices and purchase orders – such as item descriptions and prices. You can add items using pre-filled details in your invoices and orders. Choose items you want to include on an invoice, quote or purchase order. Populate invoices and orders with items you buy and sell. When items are bought or sold, the quantities will automatically be adjusted- letting you know precisely which products are selling quickly and need to be reordered accordingly. You can monitor what is currently in stock and what you have on order at any given time. You can track up to 4000 items and easily access information regarding item quantities, stock availability and even a grand total of all in-stock values at any given time. Track what’s in stock and simplify the tracking of all incoming items quickly and easily. You can create four unique item types with ease, including inventory items, non-inventory items, services and bundles. You can even set up low-stock notifications when it’s time to restock your supplies. Additionally, QBO allows users to easily differentiate between taxable and tax-exempt items when making a purchase order for vendors. QuickBooks Online Plus and Advanced users can keep track of their stock items as well as automatically update quantity levels. Easily access up-to-date costs details for each item in stock and calculate accurate cost of goods sold (COGS). Create, view, edit and add inventory items quickly with Xero’s easy-to-use platform. Xero provides a comprehensive suite of features to streamline your inventory and purchase order management processes. QuickBooks inventory features are only available with the Plus and Advanced plans. Xero offers inventory management with all of its plans. 2 The Verdict: Which Solution is Best For Your Business XERO Vs QuickBooks: Inventory Management Differences
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