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Advanced Inventory is part of Intuit's Enterprise Platinum Edition subscription. Advanced Inventory can track multiple inventory items in multiple locations, including rows, shelves, and bins. The ability to track serial numbers or lot numbers for your inventory items includes barcoding availability, and it gives you the ability to track your inventory using FIFO costing. QuickBooks Enterprise's Advanced Inventory provides a comprehensive solution for businesses with complex inventory needs.
QuickBooks Enterprise offers advanced inventory features. But what do these advanced inventory features entail, and are they powerful enough to meet your organization's need for a complete inventory management system? Two accounting methods available in QuickBooks Enterprise are average costing and FIFO. LIFO and standard costs are not available. So if you want to use these, you must look elsewhere.
[This video tutorial covers the features of the Advanced Inventory module.]
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