QWhat is QuickBooks Advanced Inventory?
Advanced Inventory is the powerful inventory toolset built into QuickBooks Enterprise Platinum and Diamond. It adds multi-location and bin tracking, barcode scanning, a mobile warehouse app, serial and lot number tracking, FIFO costing, reorder points, inventory transfers, and a pick-pack-ship workflow — effectively building warehouse management into your accounting system.
QWhich QuickBooks editions include Advanced Inventory?
Advanced Inventory is included in QuickBooks Enterprise Platinum and Diamond at no extra cost beyond the edition. Silver and Gold do not include it, and it is not available in QuickBooks Pro, Premier, or QuickBooks Online. If you need multi-location inventory or barcoding, Platinum is the entry point.
QCan it track inventory across multiple warehouses?
Yes. Advanced Inventory tracks quantities and values across as many warehouses, stores, stockrooms, and trucks as you need, with optional bin and shelf locations within each site. You can view stock by location on any form and transfer inventory between sites while keeping valuation accurate.
QDoes Advanced Inventory support barcode scanning?
Yes. You can scan barcodes to receive stock, build sales orders, and run counts, and use the mobile warehouse app with a handheld scanner to pick orders and transfer inventory from the floor. Scanned data flows directly into QuickBooks, removing manual entry and keying errors.
QCan it track serial and lot numbers?
Yes. Advanced Inventory captures serial or lot numbers as items are received, assembled, and sold, giving you full traceability from supplier to customer. This is essential for food, beverage, pharmaceutical, electronics, and any business that must handle recalls, warranties, or compliance audits.
QWhat costing methods does it support?
In addition to standard average costing, Advanced Inventory lets you use FIFO (First In, First Out) costing, which more accurately reflects how most businesses sell inventory and produces more precise cost of goods sold and inventory valuation for your financial statements.
QIs Advanced Inventory an add-on or included in the edition?
It is included in the Platinum and Diamond editions at no additional charge — you do not buy it separately. When you purchase Platinum or Diamond through CPAWarehouse (at up to 20% off MSRP), Advanced Inventory is part of the package.
QHow is it different from basic QuickBooks inventory?
Basic inventory tracks a single quantity and average cost per item in one location. Advanced Inventory adds multiple locations and bins, barcode and mobile scanning, serial and lot tracking, FIFO costing, reorder automation, transfers, and a fulfillment workflow — the difference between simple stock counts and real inventory management.