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While accounting software monitors your company’s overall fiscal health, it is equally wise to pay attention to your inventory. By 2020, 78% of SMBs will be fully dependent on cloud-based accounting solutions to run their systems, and the business is projected to increase its market size from $2.62 billion today to $4.25 billion by 2023. The movement from traditional desktop accounting to cloud accounting has grown further as businesses became aware of the latter’s advantages: improved data accuracy, better collaboration, widespread availability, and reduced maintenance costs. We’ll discuss some of the benefits of Fishbowl, as well as any potential shortcomings of the product. This guide on the pros and cons of Fishbowl will help you decide if your business can benefit from adding this inventory management software to your tech stack, especially if you are using Quickbooks for your accounting needs. Fishbowl lets you go beyond the capabilities of Quickbooks in inventory management and ensures data remains continually updated and consolidated.
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When Intuit opened its doors to third-party developers, which provided added functionality to Quickbooks, Fishbowl quickly became the standard in seamless integration. When it comes to inventory management, Quickbooks could use some assistance from a third-party system. However, its strength lies in its powerful accounting features and easy-to-use interface. With over 5.5 million customers worldwide, Intuit’s Quickbooks is one of the top small business accounting software.
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The full version’s price may seem hefty, but Fishbowl provides a complete inventory management solution suited to small and medium businesses. User feedback is mostly positive, praising the software's ease of use.The pros and cons of Fishbowl lie in its ability to seamlessly integrate with Quickbooks and provide expanded inventory management capabilities. However, on G2, Zoho Inventory has an average rating of 4.4 out of 5 stars, based on 52 reviews. Zoho is not accredited by the Better Business Bureau and has an F rating on the platform. Customer support is only available five days a week.While optional add-ons offer more flexibility, Zoho Inventory does not offer custom solutions.The Standard plan includes very limited automation features.Free tools available in the platform include an SKU generator, break-even point calculator, and a free barcode generator.A range of automation features allows users to eliminate repetitive tasks and optimize workflows.Supported integrations include e-commerce, shipping, accounting, and CRM software, G-Suite, and payment gateways.Users can add additional orders, shipping labels, warehouses, and users to their plans at an additional cost.The software supports multiple currencies and languages.Core features include invoicing, billing, warehouses, shipping labels, drop-shipment, and inventory reports.All paid plans include two hours of free setup assistance.
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