March 4, 2021

QuickBooks Commerce 2020 Review – businessnewsdaily.com

QuickBooks Commerce 2020 Review - businessnewsdaily.com

 

Editor’s note: Looking for inventory management software? Fill out the questionnaire below and our vendor partners will contact you with more information.

 

 

Pricing

QuickBooks Commerce has five pricing tiers, ranging from $39 to $799 per month. However, the Small Business tier is the first plan to include key inventory management features like batch tracking, multiple location management and manufacturing tools, such as the ability to generate bills of materials. The Small Business plan starts at $199 per month and is the best option for small businesses that want a complete inventory management solution.

  • Founder: This tier offers one user access to inventory management for a single location and covers 10 sales orders per month. It also includes zonal shipping rates, so you can calculate the cost of distributing your stock to customers. It also offers access to QuickBooks’s B2B commerce platform, helping you manage orders from suppliers. 
  • Lite: The Lite package allows two users and increases the sales orders to a maximum of 100 per month. It includes all the same features as the Founder tier.
  • Small Business: The Small Business plan gives five users access to 1,000 sales orders per month and expands QuickBooks Commerce’s capabilities to two locations. It also enables administrators to restrict the access of certain data to users based on role. Batch and expiry tracking become available at this level as well. Additionally, the Small Business plan includes manufacturing features that allow users to track the use of raw materials and generate a bill of materials to keep tabs on both inputs and outputs during the production process.
  • Business: At the Business level, eight users can manage 2,500 sales orders per month. Warehouse management features are available, along with a demand-forecasting tool based on your historical sales data. This allows you to better gauge reordering points and maximum stock quantities to keep on hand. (It is worth noting that the demand-forecasting tool is in beta testing and might not be fully refined yet.) It also expands management to three locations. Users gain access to QuickBooks Commerce’s open API to build integrations with third-party software. Though pricey at $599 per month, this is the most comprehensive plan available.
  • Premium: The Premium pricing tier expands user seats to 15, allows for the management of five locations and expands the monthly sales order total to 5,000. It also includes eight hours of setup assistance. The Premium package has all the features included in the Business plan.

[See our best picks page and buyer’s guide for more information about inventory management software.]

Key takeaway: QuickBooks Commerce has five pricing tiers, with monthly rates ranging from $39 to $799. The Small Business and Business plans have most of the key inventory management features we looked for in our review.

Features

From an inventory management perspective, QuickBooks Commerce is primarily useful for retailers that sell items on e-commerce platforms. Here’s a look at the inventory management tools QuickBooks Commerce offers:

Inventory tracking

QuickBooks Commerce allows you to track inventory by monitoring the quantity of stock for each item added to the system. Once items are added to QuickBooks Commerce, you can create categories to quickly look up individual items. For example, if you sell apparel, you can group individual items by categories like shirts, shoes and pants. Reports can also be filtered by categories so you can see your hottest-selling items at a glance. Items can be added to up to four subcategories, so you can catalog them by characteristics like size, color, material or another custom subcategory.

To streamline the process of adding products to the system, you can import an inventory list from Microsoft Excel, making setup virtually instant. 

Order management

When tracking inventory in QuickBooks Commerce, you can create purchase orders when you notice or are alerted that a specific item is running low. Since it doubles as accounting software, QuickBooks Commerce also seamlessly updates your accounting records when you submit a purchase order to a supplier.

When products come in, you can create a bill to finalize the purchase, and the inventory-tracking tool automatically updates the item quantity in the system. Each time you make a sale, the system decreases the quantity accordingly. You can also do this manually if needed.

E-commerce

QuickBooks Commerce integrates with all the leading e-commerce platforms we looked for in our review, allowing the same automated functionality described above for selling products on e-commerce platforms or in a storefront.

Key takeaway: QuickBooks Commerce offers the most basic inventory management features. For very small businesses or new businesses, this is an easy and cost-effective way to manage inventory. For growing businesses, however, it might not be powerful enough.

Integrations

Naturally, QuickBooks Commerce offers seamless integrations with other QuickBooks products, which is especially useful for small businesses already working in QuickBooks. It also offers third-party integrations, including these key integrations we identified in our review:

  • Amazon
  • Shopify
  • Squarespace
  • WooCommerce
  • eBay
  • Etsy

Key takeaway: QuickBooks Commerce offers integrations with all the major e-commerce platforms, making it ideal for online sellers.

 

Editor’s note: Looking for inventory management software? Fill out the questionnaire below and our vendor partners will contact you with more information.

 

 

Limitations

QuickBooks Commerce restricts its best features to the Small Business, Business and Premium pricing plans, which means small businesses that want a true inventory management solution will have to pay no less than $199 per month, up to $599 per month. While QuickBooks Commerce offers one of the lowest-cost pricing tiers we reviewed, the most relevant tiers for inventory management are somewhat expensive.

Additionally, to access the company’s open API and build integrations for third-party software you use for your business, you would have to select the $599-per-month Business plan at minimum. This is relatively expensive, but it does also give you access to manufacturing and warehouse management features.

Key takeaway: QuickBooks Commerce only offers its best inventory management features at its highest pricing tiers. Users who want to take advantage of the open API for custom integrations will have to pay at least $599 per month.