What is inventory management software?
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Inventory management software tracks what stock you have, where it's stored, and what it cost, and updates those numbers as items are received, sold, adjusted, or moved. adorabl will keep that inventory in the same system as your accounting, so each stock move will post to your books.
What's the difference between standard cost and weighted average cost?
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Standard costing values each unit at a preset cost, and differences from the supplier's price get recorded separately. Weighted average costing blends the cost of each new delivery into one running average per item. In adorabl, you'll choose a costing method for each item, and stock will move at that cost.
What's the difference between stock and non-stock items?
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Stock items are products you track by quantity in each warehouse, and their receipts, shipments, and adjustments post to your inventory account. Non-stock items are things you buy or sell without tracking quantity, such as gift cards, warranty labor, or freight charges. Both still post cost and revenue when you invoice.
Can I track inventory across multiple warehouses and a 3PL?
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Yes. adorabl will track each item's quantity in each location you use, whether that's your own warehouse, a third-party logistics (3PL) provider, a retail store, or an Amazon FBA (Fulfillment by Amazon) warehouse. You'll see stock by location or as one total, and transfers will move stock between locations without a journal entry.
What is a cycle count?
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A cycle count is a routine count of a small slice of inventory on a rolling schedule, instead of one full physical count that shuts down the warehouse. In adorabl, you'll post each cycle count as an inventory adjustment with a reason, and the difference will post to that reason's account.
Do inventory transfers between warehouses create a journal entry?
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No. A transfer moves stock between warehouses within the same inventory account, so adorabl doesn't create a journal entry. Inventory adjustments are different: each one posts a balanced journal entry to the account tied to its reason, such as damage, shrinkage, or a cycle count.
How is stock on hand calculated?
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Stock on hand comes from posted transactions only: receipts, shipments, adjustments, and transfers. On-hand can't be edited by hand, so each number traces back to the transaction that changed it. adorabl stores quantities in a base unit and can show them in the units your buyers and warehouse staff use.
Can I import my product catalog from a spreadsheet?
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Yes. You can import items from a CSV file, including product details, purchasing information, and units of measure. Export your current catalog from your spreadsheet or old system, load it through adorabl's import wizard, and your items will be ready to stock and sell.