Does FlexBooks sync my inventory?
FlexBooks does not recommend using QBO to manage your inventory. Only trained QBO professionals should use the QBO 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 QBO. This is so we can sync your sales whether or not you've implemented the QBO Inventory feature and because we don't recommend using QBO to manage your inventory unless you're a trained QBO 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 QBO 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 QBO (based on their MBO Inventory report) to handle all COGS and Inventory related accounting
Can I configure FlexBooks to help sync my inventory in QBO?
Yes. If you're a trained QBO 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.