What accounting software can perform inventory management

Inventory management is an important aspect of any business. From small trading businesses to large ones. Also, service entities have inventory they must monitor that is needed to service their clients. For example, a saloon might have various wigs and other materials used to fix the hair of their clients. Monitoring inventory is important to know what cost was incurred on it, the revenue, and the profit earned from it. It also helps avoid stealing.

Below we discussed ten accounting software that have inventory management features. We ensure that all the software mentioned is used in Nigeria. 

Xero

Xero accounting software provides real-time inventory management. The app is not common in Nigeria such as QuickBooks and Sage 50. But they can provide this service at a reasonable cost. The software costs 13 dollars per month. You can check their website for accurate pricing.

Freshbooks

This is one software you can use with your mobile phone. Although it is mainly for freelancers, Freshbook is a cloud-based platform that can be used for inventory management as well. You can get this software starting at 8.50 dollars. 

Zoho book

One perfect tool for inventory management is the Zoho book. With this accounting software, you can track your inventory on the go. This means that you can tag your inventory to avoid and detect thieves. This software costs 15 dollars per month for the standard type. 

Sage Accounting

This software is known for its diversity. It can be used for any kind of business. It is also a leader in cloud accounting. Helps you save your business data on the go. It also has a robust inventory management tool that will meet your business needs. Sage accounting software starts from 15 dollars per month.

QuickBooks

Both QuickBooks online and desktop have inventory management tools. It is easy to use for both service and trading businesses. The application is useful for small businesses. The starting price for QuickBooks is 18 dollars per month.

To wrap it up, each of the aforementioned accounting packages is useful for almost all kinds of businesses. Therefore, you may need to decide the one that will meet your needs. Either by considering the cost or other features aside from inventory management that may meet your business needs.