Thursday, October 8, 2009

QuickBooks Online adds Inventory Tracking!

As I predicted, QuickBooks Online has added basic inventory capabilities. To try it out, go to the "Preferences" menu and choose "Products and Services." There you can turn on the "Quantity on Hand" option. The functionality is a bit limited, but I'm sure that more robust capabilities are not far behind. According to their product page, you can create purchase orders too, although I have not seen that in the product yet.

What does that mean for OE Companion? Nothing really ... maybe a few less sales in the short-term. It definitely doesn't change our focus. As I mentioned in that prediction post, OE Companion was developed with the assumption that QuickBooks Online would add inventory capabilities in the not-too-distant future. In that regard, things are going exactly as planned.

We are committed to being the best add-on for QuickBooks Online, and we continue working toward that goal. We've got some exciting things planned for the next few months. As always, please email me at neal@oecompanion.com if you have any questions.

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