QuickBooks inventory - Drawing of an inFlow car being helped along by QuickBooks

Manage QuickBooks inventory with inFlow Cloud

Posted by Thomas Wong

If you’re a QuickBooks Online (QBO) user, you’ve probably found its inventory management features lacking. That’s okay because QBO is an accounting app first and foremost, and inventory tracking is really one of its sub-features in the higher-end Plus plan. The Quickbooks Plus plan can help you with simple product-tracking setups, like buying goods and […]

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A stack of invoices

Does inFlow replace small business accounting apps?

Posted by Thomas Wong

We’ve had a lot of users ask if they can use inFlow instead of small business accounting software. The quick answer is that inFlow Cloud is focused on inventory control and order tracking, but they do have features to help you keep on top of your finances. The more nuanced answer is that we don’t think […]

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Moving average

Moving average formula for calculating cost

Posted by Thomas Wong

Costing methods are very important to nail down because, given the same stock levels and purchase prices, each method can report very different levels of profit and cost of goods sold (COGS). We’ve talked about FIFO (First in first out) and LIFO (Last in first out) costing methods before, so it’s now time to discuss […]

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How to calculate margin vs. markup

Posted by Thomas Wong

If you’ve been wondering about the differences between Margin and Markup and how to calculate those figures, this is the article for you! We’ll explore the relationship between cost, price, markup, and margins.

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