QuickBooks Online Plus is a cloud version of QuickBooks that enables you to manage your business at any time and from any location.
Inventory Transfer – The missing feature of Online Plus:
While you can record sales – monitor expenses and check your financials on a real-time from any internet enabled device including your mobile devices – with other versions of QuickBooks, Inventory transfer between locations is a task you can only perform if you subscribe to the platinum version of QuickBooks Enterprise. This means that, if you own multiple stores and you are using other versions of QuickBooks like Pro, Premier or you are currently subscribed to QuickBooks Online Plus, you cannot record inventories transfers from between/among different locations.
But what if we show you an alternative way to achieve this inventory transfer? It is suitable for multiple locations, your financials will not be doctored and your inventory report will be intact.
Request For Our Accounting Software ServiceFor over 5 years, we have implemented QuickBooks and Sage 50 for several companies under Retail, Manufacturing, Oil & Gas, Real Estate & Construction, Travels, Hospitality,Legal, Co-operatives, NGOs, Financial & Service Sectors.
- Mbaire Services Nigeria Ltd(Construction)
- Chisco Transport Limited(Transport)
- Lounge38(Hotel and Bars)
- CTRL System Technologies Limited(Procurements)
- Aristokrat 360 Limited(Creative & Media Agency)
- Alpha Pharmacy (Health Care & Supermarket)
- Ericsson Nigeria Multipurpose Co-operative Society (Co-operatives)
- Fastanet Limited (ICT and Security)
- Britanic Maritime (Maritime Service)
- CEO Business Limited (Salary Advance, Credit Finance and Loan)
- OneHealth Pharmacy (Health Care)
- Widdi Pharmacy (Health Care)
- Olpharm Pharmacy (Health Care & Distributor)
- Hawkes Legal(Legal)
- Kantessa Limited(Fashion Store)
- OPI Nigeria International Limited (Oil & Gas Servicing)
- Zenilum Company Limited (Oil & Gas Servicing)
- Extol Security Services Limited (Security and Guard Services)
- Lilygate Hotel(Hospitality)
- Benstel Nigeria Limited(Bottle Water Production & Distribution)
- Paraclete Nigeria Limited (Bottle Water Production & Distribution)
- Lakia Construction Limited (Real Estate Development)
- Josien Holdings Limited(Distribution)
- Aisha Buhari Foundation (Futured Assured)(NGO)
- Doheney HR Services(HR)
- Insights Limited(Health Consultant)
- Biddel Oil & Gas Limited (Oil & Gas)
- System Intelligenz Limited(Contractor)
- MagTech Information Security (IT)
- Infusion Cakes Nigeria (Bakery)
- SCERA Nigeria (NGO)
- M.D School (Private School)
- Travel Options (Travels)
- Logos Travel Support & Solutions Ltd (Travels)
- Melcurt Nigeria Limited (Oil and Gas Engineering and Pipeline Construction)
- Starlight Nigeria (Retail)
- Temple Private School (Education)
- Value Mart Supermarket (Retail)
- Transweb Bureau De Change (Financial Service)
- Vektro Food Limited (Manufacturing & Retails)
- Orient Petroleum PLC (Oil & Gas)
- Plus More
But what if we show you an alternative way to achieve this inventory transfer process for multiple locations without getting your financials doctored and still have your inventory report intact?
We have implemented this process for a lot of inventory-based organisations that:
- are subscribed to QuickBooks Online Plus version.
- own multiple stores, want to view inventory report, and record sales of each of the locations
- transfer products at cost to various locations.
The process of inventory transfer in QuickBooks Online Plus can also work for the desktop version, but it makes more sense if the data is saved on a cloud. Hence, users can also apply the guide shared on QuickBooks Pro Plus and Premier Plus subscriptions.
While the class feature will help you monitor each of the warehouse or store transactions, the overall endpoint of this transfer process is that:
- The inventory balance (quantity and value) at the receiving location will increase by the equivalent of the quantity sent at cost price.
- The inventory balance (quantity and value) at the sending store will reduce by the equivalent of what was sent.
- No other report is affected; your profit or loss, statement of financial position, cash flow, etc remain intact.
- Users at different locations can sell from respective stores and generate a store-specific sales report.
For an instant PDF manual download on how to do inventory transfer for your multiple warehouses or stores in QuickBooks Online Plus, click here to download our practical manual for inventory transfer for non-Enterprise Users
For inquiries and support, please email us at:
email@example.com or firstname.lastname@example.org
for the guide to be sent to your email.
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