Wednesday, May 20, 2009

What if QuickBooks Online adds inventory and purchase orders?

I get that question a lot when talking about OE Companion. It’s a good question. Here are my thoughts.

First, I assume that the question is “when,” not “if.” I would be stunned if Intuit has no plans to add those features to QuickBooks Online at some point in the future. So I’m proceeding on the assumption that they will.

What does that do to OE Companion and what would happen to your inventory data in OE Companion?

First, your data. If QBOE introduces inventory and purchase order features, OE Companion will give you the ability to export your existing inventory data to QBOE (assuming of course that QBOE allows us to do it). OE Companion sends all the data you need for inventory accounting to QBOE already, so it shouldn’t be a big problem.

Now, what happens to OE Companion? Keep in mind that inventory and purchase orders are just the first thing that was implemented in OE Companion. There is much more to come, and frankly the other stuff is much cooler! The bottom line is that OE Companion is a supplement to QuickBooks Online. If QBOE adds an inventory feature two years down the road (or whenever), then I encourage you to use it and I will do everything I can to support it. OE Companion will focus on other things. I assure you that there is plenty of functionality that we can add-on to QuickBooks Online.

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Anonymous Sandor Lenner said...

I enjoyed reading your well written article and thanks for the update on the inventory add on. I am also a fan of QuickBooks .
Sandor Lenner CPA, and a Certified QuickBooks ProAdvisor. Please feel free to visit my blog on useful online accounting tips for small businesses.

May 28, 2009 at 4:20 PM  

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