QuickBooks Online Plus is a cloud version of QuickBooks that lets you manage your business from anywhere.
Inventory Transfer – The missing feature of Online Plus:
While you can record sales, monitor expenses, and check your financials on a real-time, even from your mobile, 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 are using other versions of QuickBooks like Pro, Premier or are currently subscribe to QuickBooks Online Plus, you can not record inventories transfers from between/among different locations.
Request For Our Accounting Software ServiceFor over 5 years, we have implemented QuickBooks 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)
- 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)
- Lilygate Hotel(Hospitality)
- Benstel Nigeria Limited(Bottle Water Production & Distribution)
- Paraclete Nigeria Limited (Bottle Water Production & Distribution)
- 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)
- Landmark Centre (Event Centre)
- M.D School (Private School)
- Travel Options (Travels)
- Logos Travel Support & Solutions Ltd (Travels)
- Germaine Auto Centre (Autos)
- 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.
- owns multiple stores and would like to view inventory report by locations 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 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 email us: firstname.lastname@example.org or email@example.com.
The guide will be sent to your email immediately.
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