What are the Benefits of Using a Hosted QuickBooks for Manufacturing Business?

Manufacturing businesses require an effective, efficient, and comprehensive system to manage the time and resources to achieve the best results. 

Accounting software such as the hosted QuickBooks solution tracks expenses and manages manufacturing reports, analysis, forecasting, and compliance. In addition to these functions, these hosted QuickBooks solutions assists in determining the selling and cost price of products alongside the record of raw materials.
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QuickBooks provides industry-specific solutions that suit the diverse need of the manufacturing process to evaluate products and streamline business processes. The hosted QuickBooks is an advanced account software designed to manage business finances, track and locate manufactured items, customize price levels, transfer items between locations, and manage shipping, assembling, and inventory functions.

Benefits of Using a Hosted QuickBooks For Manufacturing Busines

Secured Business Data Storage

QuickBooks Hosting provides an advanced method to store business data to prevent file loss. An important feature in this system is that information is stored in several locations, backed up regularly, and stored in highly protective walls to prevent data loss disasters. With this, companies can protect their business reputation, build their profile and keep track of business operations.

Work Orders and Bill of Materials

Cloud-hosted QuickBooks grants multi-users access to the data file at the same time.  With this possibility, several users can exchange files and effectively enlist all that is needed to manufacture a particular product. This helps to improve general productivity level and timeliness as jobs are done more collaboratively, conveniently, and timely. Additionally, the hosted QuickBooks allows for easy access to inventory and reduces the stress in creating the bill of materials. This helps employees to focus on other important aspects of the manufacturing process.

Inventory Tracking

QuickBooks in the cloud grants remote access to inventory items of the manufacturer. The software provides capabilities that allow inventory managers to track available stock items, handle the operations of multiple units, access reports that help to keep track of activities with vendors, and monitor the activities of manufactured products in various units. At anytime and location, users can maintain visibility over stock availability in multiple locations and track inventory movement. Users can also monitor the movement of orders from the warehouse to the final consumer, locate the position of an item, reduce order fulfillment, automate reoccurring procedures, and update inventory status in real-time.

The software also provides an automated process that aids the tracking of the product cost, material cost, and others like insurance and freight. Users can fulfill more sales orders efficiently and generally improve the profitability of businesses

Warehouse Management

Warehouse managers need adequate business insights to manage the operations of warehouses. To achieve this, comprehensive software like the hosted QuickBooks is essential to enable warehouse managers to customize inventory reports, carry out real-time inventory auditing, track and manage inventory defects and warranty claims, transfer inventory between locations, and track product movement.

Order Management

​Hosted QuickBooks improves the speed of fulfilling sales orders and other delivery information. The software allows for the customization of pick lists, inventory availability, and monitors the delivery process in  real-time

Barcode Scanning

Warehouse/inventory managers can automatically synchronize their mobiles with QuickBooks and scan items with their mobile devices to aid the sale of products. With this software, users can improve pricing strategies by inputting prices in the barcode labels. Also, data entry errors, as well as order, pick up and delivery is facilitated using hosted QuickBooks.

Money Savings

Hosted QuickBooks on the cloud eliminates extra expenses for a manufacturer. Cloud-hosted QuickBooks eliminates the need for IT infrastructure and IT professionals to manage IT-related hassles. This helps to reduce the cost of production and helps the manufacturer to settle at more competitive pricing for the product.

Product Profitability Tracking

​Hosted QuickBooks helps manufacturers determine the best selling products and least selling products. This information helps manufacturers to know the products to stop producing and those to be kept in stock. Manufacturers can reduce waste and increase profitability.

​Conclusion

​Hosted QuickBooks provides manufacturers a single dashboard to handle all manufacturing and order processing activities. The software aids the process of tracking raw materials for production, inventory management, barcode scanning, order management, expenses, and product tracking, and the streamlining of business operations to improve productivity and profitability.