I recently talked about the difference between inventory management and asset tracking. Now here’s a video with Fishbowl’s Chief Marketing Officer Kirk Tanner explaining Fishbowl’s asset tracking system in detail.
Learn why asset tracking software is so important to organizations’ success, and how you can quickly improve your system with Fishbowl’s help. Fishbowl Inventory is much more than just the #1-selling QuickBooks inventory management software; it’s also an excellent asset tracking system, which you can take advantage of today.
Check out the video below to see how well Fishbowl Inventory can work for your organization.
Ok, this post peaked my interest. But, HOW do you use it for asset tracking? This series of posts say “Fishbowl does asset tracking”, but it doesn’t say how it’s actually implemented. Which modules are used? what’s the workflow? how is the workflow different than in normal sales? I don’t see how the connection is made. Please elaborate on specifically how fishbowl is up for the task.
Spencer,
I apologize for taking so long to respond to your questions. These are really good questions and they deserve really good responses, so I’m working on it. I’ll get a response to you tomorrow. Thanks!
Sincerely,
Robert Lockard
Spencer,
This is a great question. Fishbowl handles inventory management very well, and the nice thing is that asset tracking is not that different from inventory management. You still need to buy, stock, move and even scrap your assets. All the functions that you use for regular inventory management can be used for asset tracking. I would however recommend a few tweaks to add extra value for asset tracking.
1. Create new parts in Fishbowl for your asset. Do not create products out of those parts because you will not sell these items.
2. Create separate “inventory asset” accounts in QuickBooks and map these parts to that account so that it can be viewed separately from your regular inventory in both Fishbowl and QuickBooks.
3. Create a separate location group and locations for your asset parts.
4. Even though Fishbowl does not yet have a depreciation feature, you can still manually adjust the value of your assets in the inventory module just as you would regular inventory parts.
I hope this helps. Please let us know if you have further questions.
Sincerely,
Robert Lockard