We have issues with the stocky app and question whether this is the only app and best way to receive inventory. We have huge problems reporting and recording inventory and invoices to our quick books accounting software. We have ruled out A2X app and others for instance. We are unsure we are reporting accurate cost of goods and need help analyzing the way we have set up our inventory intake and use of Quick books accounting with this shopify pos system
Hi there @pratiksri
Inventory management is vital to customer service since it enables you to avoid fault, such as letting customers order items out of stock. A good inventory management system will also allow you to keep track of production and backorders, so you can inform your customers of the time the product will be in stock. In case you are looking for an alternative to the Stocky app, kindly take a look at our list: 32+ Best Shopify Inventory Management Apps and pick the most suitable app for your business.
Hope it helps!
While I can’t help you with the PO receiving and QuickBooks integration issues, I can suggest our Cohub Inventory app for improving the accuracy of your inventory quantities. Obviously, you need item quantities to be spot-on for subsequent value calculations to be reliable.
We include a smartphone app that makes stocktakes easier and less error prone, e.g. you can quickly scan barcodes with the phone’s built-in camera, no additional hardware required. You can even invite other smarthphone-wielding users to help with the inventory count.
The Cohub Inventory Admin on Shopify provides total inventory values by location so you should be able to compare those numbers with what you see in QuickBooks.
And, we'll soon release our Time Travel feature that lets you see inventory values on any given day in the past, useful for tracking down where things may have gotten off track. I bet your financial folks and accountant will appreciate that.
Wish you the best!
Hi there! Sean from the Shopventory.com team.
Without having a larger conversation about what you're working on and the problems you're running into, I think Shopventory may be a good "app" addition to your Shopify store.
You made a comment about cost management: Shopventory tracks COGS on a lot-by-lot basis. If you receive a batch of product at $5/unit but the previous batch was $6/unit, Shopventory will retain the $6 cost and dynamically switch to the $5 cost when the first batch has sold through, following FIFO (you can switch to LIFO or even use Average COGS).
Again, lots more to dig into but I hope this helps! Shopventory has a 30 day free trial if you want to take a look and feel free to email email@example.com if you have more questions or want to jump on the phone
Yeah, as a business owner/operator, the last thing I want to do is spend an entire day browsing through apps to see if they'll do what I need. STOCKY is the best I have found so far and it's free with a Shopify account but there's one important thing it doesn't do: Allow you to enter custom LOW INVENTORY ALERTS. Instead it tells me that every single item I have in inventory is LOW when I don't care about half those products because they're custom order items or things I don't stock on shelf.
The perfect combination for me is STOCKY + STOCKBOT. Stockbot allows me to get custom low level item thresholds and disable specific products that I don't want alerts for. Problem with Stockbot is that it doesn't allow me to generate purchase orders. Why can't Stocky allow me to disable certain products...?? ARGH!!!
You are 100% on the restock levels. We had to develop the option ourselves for a couple of clients as there is no field in Shopify for it so we set the levels in our system and then generate report based on when the stock drops below that level.