Does FlexBooks sync my inventory?
FlexBooks does not recommend using QuickBooks Online to manage your inventory. Only trained QuickBooks Online professionals should use the QuickBooks Online Inventory feature because of the risk of permanently damaging your bookkeeping.
Does FlexBooks sync my inventory?
By default, FlexBooks does not pull initial inventory numbers out of MBO and/or make any daily adjustments to your inventory in QuickBooks Online. This is so we can sync your sales whether or not you've implemented the QuickBooks Online Inventory feature and because we don't recommend using QuickBooks Online to manage your inventory unless you're a trained QuickBooks Online professional.
How does FlexBooks sync my products without affecting inventory?
By design, FlexBooks doesn't touch inventory at all. FlexBooks uses "Non-inventory Items" in its transactions which work outside of QuickBooks Online Inventory feature and don't touch your inventory levels at all.
How does FlexBooks recommend I manage my inventory?
We recommend that our clients:
- maintain their inventory in MBO
- make single monthly inventory adjustments in QuickBooks Online (based on their MBO Inventory report) to handle all COGS and Inventory related accounting
Can I configure FlexBooks to help sync my inventory in QuickBooks Online?
Yes. If you're a trained QuickBooks Online professional who is committed to maintaining on-hand stock levels – we can configure FlexBooks to use "Inventory Items" instead of "Non-inventory Items". This will subtract from your inventory as you sell, but you you will have to manually adjust your inventory to replenish it. To use "Inventory Items", just send us an email at support@flexbooks.io
Will FlexBooks' entries impact my Cost of Goods Sold?
FlexBooks uses "Non-inventory Items" in its transactions so they won't affect your COGS or touch your inventory levels at all.