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Track serial and lot numbers to enhance inventory management | QuickBooks Enterprise



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QuickBooks Enterprise (learn more: https://intuit.me/upgradetoQBEnterprise) helps businesses manage inventory more effectively by including serial and lot number tracking information throughout their entire inventory process. In fact, 8 out of 10 QuickBooks Enterprise customers who switch from QuickBooks Pro or Premier agree that Enterprise provides efficient, accurate inventory management and fulfillment (based on Intuit survey Sept 2021, among QuickBooks Enterprise users who expressed an opinion). Whether you manage inventory items individually or in batches, you can track their status all the way from your warehouse to your customer and beyond – to help you keep tabs on warranties and end-customer purchase. In fact, 8 out of 10 QuickBooks Enterprise customers who switched from QuickBooks Pro or Premier agree that Enterprise provides efficient and accurate inventory management and fulfillment (based on Intuit survey Sept 2021, among QuickBooks Enterprise users who expressed an opinion).

If your business makes a product or carries inventory, it’s essential to track it in the way that works best for your industry. For instance, your business would track serial numbers when you need to identify unique items within a group of units of the same model. This tracking method is especially useful in managing technology products or equipment inventory. When you track the serial numbers of your items, you’ll be able to confirm the location of a specific item in your warehouse, or match a customer to the product they purchased. If a customer contacts you with a warranty claim, you can look up their item’s serial number and quickly identify which terms apply to their product based on their date of purchase.

If your business needs to track items in production batches rather than individually, lot-number tracking works best. This tracking method is especially useful in managing pharmaceutical inventory, or fresh meat or produce. With lot numbers, you can easily locate expiring products, and see if items from a specific lot are in-stock, or already sold or shipped. If a defect or spoilage occurs in a specific lot, you can recall just those affected items rather than your entire inventory of that item.

In QuickBooks Enterprise, you can make serial or lot numbers a mandatory field on your invoices, bills, item receipts, and inventory transfers so you can be certain that this important data will be included at every step of your item’s journey.

Boost visibility and manage inventory-specific issues quickly and effectively, with the power of serial number tracking and lot number tracking – only in QuickBooks Enterprise.

In this video:
0:04 Businesses that make a product or carry inventory need to know the whereabouts of their inventory before, during, and after the sale.
0:09 QuickBooks Enterprise includes serial and lot number tracking, so you’ll be able to locate your items – whether your business makes inventory individually or in batches.
0:23 8 out of 10 QuickBooks Enterprise customers who switch from QuickBooks Pro or Premier agree that Enterprise provides efficient, accurate inventory management and fulfillment (based on Intuit survey Sept 2021, among QuickBooks Enterprise users who expressed an opinion).
0:35 Track serial numbers if your business needs to locate the status of unique items within a group of otherwise identical units.
0:42 When you know an item’s serial number, you can confirm the location of a specific item in your warehouse, or match a customer to the product they purchased.
0:50 If a customer contacts you with a warranty claim, you will be able to quickly identify which warranty terms apply to their product, based on their purchase date.
0:58 Track lot numbers if your business manages items in production batches rather than individually.
1:06 Lot number tracking allows you to easily locate expiring products, and see if items from a specific lot are in-stock, or already sold or shipped.
1:14 If a defect or spoilage occurs in a specific lot, you can recall just the affected items rather than your entire inventory.
1:21 With Enterprise, you can make serial or lot numbers a mandatory field on your invoices, bills, item receipts, and inventory transfers so you can be sure this important data is included at every step of your item’s journey.
1:33 Serial and lot number tracking, only in QuickBooks Enterprise, helps you boost visibility and manage inventory-specific issues quickly and effectively.

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