You must make sure that you have the right financial and inventory numbers to send to your accounting solution if your inventory software is integrated with your accounting software, such as QuickBooks or Xero. dollars together indiscriminately and expect to get an accurate total. After all, you can’t add Canadian dollars and U.S. This is essential for tax purposes and many other reasons. If you have suppliers and customers in a number of countries besides your home country where you base your operations, you will need an inventory management solution that can convert foreign currencies used in sales orders into your home currency. Plus, you can create pricing rules that offer percentage discounts, dollar amount discounts, and other inducements to certain customers and groups of customers to get them to buy your products. You can revisit prices whenever costs increase or decrease, so you’re always staying competitive. Reviewing sales and costs gives you insights into markup prices for your jewelry items. And if you run into a shortage at one location and an overstock at another, you can create a transfer order and quickly move those items between the two locations. Some jewelry items may sell better at one location more than another, so if you have multiple stores and warehouses, you can better plan for each one’s needs by tracking sales and orders at all of them. Not only that, but it can also tell you which items are your top sellers on a per-location basis. What jewelry items are selling the best? An inventory system allows you to answer these types of questions and stay on top of your stock levels. You can even assign a vendor to a specific part or product so that when it comes time to order more of it, you already have the vendor information filled out and ready to go. Fishbowl gives you numerous ways to organize your inventory, and it includes a complete listing of vendor information. With so many jewelry pieces, keeping them organized by name, size, color, description, order number, and price can be challenging. Here are just a few of the benefits you will receive from using Fishbowl for your jewelry inventory software.
It lets you track hundreds of thousands of jewelry pieces and it helps you fulfill many other inventory management needs. The need for good inventory software will become crystal clear as we explore this topic in detail.įishbowl is a great solution for jewelry stores. Are you looking for the ideal inventory software solution for your jewelry business? Selecting the right program comes down to the size of your jewelry business, the kinds of features your need, and the amount of money you are willing to spend for a quality program.