However, having an inventory management system – simple or complex – makes it easy to keep an eye on inventory levels for products you actually have on hand versus orders coming in.Īnd while you could use inventory tracking methods like pen and paper, or note on your phone, formalizing the process in FreshBooks makes it easier to track. Not necessarily! If you only sell limited-runs, don’t care to know how much inventory you have, or don’t want to bother with inventory management, you don’t need a system. We call that a win-win!ĭo I Need an Inventory Tracking System for Tracking Inventory? Because these products don’t replace your services, they simply give you another way to make income from your existing clients. It’s convenient for your clients, and provides another source of income for you, with no additional hours needed. By carrying a small amount of inventory, you can create additional income by providing those items directly to customers. Your clients trust you and the products you use, so it’s natural that they’d want to use those products at home too. Why Should I Supplement My Services With Inventory? Also, using an item sales report will help you keep an eye on which items are making you money, and which items aren’t, so you can decide what you want to continue selling in the future. Keeping track of your inventory helps you stay on top of what you have in stock, so you can always be sure you are able to fulfill any upcoming orders. This will help you keep an eye on all your inventory all in one place. If you already track inventory using Shopify, Squarespace, BarCloud, or 2Ship, you can automatically pull your data into FreshBooks using each platform’s dedicated integration. What Other Platforms Can I Track Inventory From? When you add more items to an Invoice than is currently available in your stock, you’ll see a tooltip that notifies you, so you don’t oversell it. Once you invoice for that item, the stock will be automatically reduced for easy tracking. Click the Track Inventory box, and add how many items you have in stock.Click the green Create New button in the top right corner.Once on your Dashboard, click the cog icon in the top left corner.It’s a basic inventory tracking system that makes inventory management hassle-free.
Here you’ll find a list of all your billable items that you can add inventory to. Simply login and navigate to the Items & Services page by clicking on the cog icon in the top left corner of your dashboard. Where Is Inventory Tracking in My Account?
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While most inventory tracking software requires constant oversight, the simple inventory tracking on FreshBooks allows you to quickly update and view stock levels at-a-glance. There are other platforms that offer in-depth inventory tracking systems and inventory management, but FreshBooks makes it simple. Keep track of items you have in stock, and the amount is automatically reduced when invoiced for. Inventory tracking on FreshBooks allows you to add, edit, and review inventory for billable items within your account.
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