Why Choose MiSys Manufacturing as your Manufacturing solution for QuickBooks®?
Are you a user of QuickBooks® accounting software who is outgrowing the Advanced Inventory module? Perhaps, you have reached a point in your business where you need more advanced manufacturing functionality than what QuickBooks® currently offers.
In this article, we’ll discuss 5 reasons why you may want to upgrade from the QuickBooks® Advanced Inventory module to Misys manufacturing software.
Reason 1: MiSys Manufacturing integrates with QuickBooks® Software
When you choose MiSys manufacturing software, you don’t have to switch accounting systems. You can continue using QuickBooks® software and just integrate your accounting system with MiSys manufacturing software. Learn more about how the MiSys manufacturing and QuickBooks® software integration works. Please note: MISys Manufacturing uses one concurrent user license when a transaction from MISys Manufacturing is being recorded in QuickBooks®.
Reason 2 – You can use “what if” scenarios to decide if a product can be made with the existing inventory, or determine what inventory must be ordered to produce a certain quantity of products.
QuickBooks® currently doesn’t have the capability to use prior sales data to create reliable forecasts on how much inventory you’ll need to meet demand in a future period. QuickBooks® integration with MiSys manufacturing solves that problem for you.
Reason 3: Automate inventory purchases based on the production schedule, incorporating lead times and the inventory on hand, on order, or in production.
As of QuickBooks® version 2021, you cannot be notified when you are running low on a particular item or getting close to have to reorder an item. With MiSys Manufacturing you can quickly determine your purchasing and production needs by analyzing current inventory, open orders, and sales orders.
Reason 4: Track by Serial and Lot number – From raw material to finished good, up to 16 nested levels.
As of version 2021, QuickBooks® cannot track both Serial Numbers and Lot Numbers. With MiSys manufacturing you are no longer limited by this functionality.
Reason 5: Get different costing options in this QuickBooks® Manufacturing solution
If you want to use LIFO or Standard costing, then MiSys manufacturing is a good option for you. The QuickBooks® Advanced Inventory module gives you the option to use the FIFO costing approach. However, It doesn’t provide LIFO or Standard costing options.
MiSys manufacturing is a great choice for manufacturers who are currently using QuickBooks® for manufacturing but need more capabilities. Read the complete list of reasons manufacturing users of QuickBooks® may want to upgrade to MiSys manufacturing here.
Here are a few real-life examples of why businesses chose MiSys manufacturing as their QuickBooks® manufacturing solution:
1. They wanted to gain control of the inventory and production schedule for a growing company. Establishing a level of confidence that they had what they needed in inventory to be able to satisfy their orders was important. Read the story.
2. As the company grew, more raw material and finished goods inventory had to be managed. The software we were using was not detailed enough to handle the job. Also, housing company financials and inventory in the same program was becoming problematic. Read the story.
3.They had more of an inventory reporting system, not an inventory control system. With no controls on the production floor, the inventory manager was completely reliant upon manual reports which showed inventory data from the day before. Read the story.
Excerpts of case studies from the MiSys manufacturing software website
Next Steps: Schedule a free consultation with CTO Associates
Let’s discuss how integrating MiSys manufacturing with your QuickBooks® software will impact your business. Contact us for a complimentary consultation call today. We’ll identify your goals and then determine the best software solution and strategies to achieve those goals. We look forward to connecting with you.
About CTO Associates
Whether you’re looking to restructure your accounting operations, resolve inventory issues, quit using MS Excel spreadsheets for reporting; or find a replacement for your old accounting system, we’d love to talk with you.
Our team has combined experience of over fifty years in a wide variety of industries. We have a CPA, a senior financial consultant with a background in international operations and financial analysis, and experienced bookkeepers and consultants to assist your growing business.
At CTO Associates, we provide accounting and manufacturing software solutions to manufacturing, distribution, and service businesses. We have clients in MA, CT, NY, and across the US. We look forward to connecting with you soon.
Read more about CTO Associates here.