As an eCommerce business owner, you know that accurate accounting and inventory management are essential for success. But with so many software options available, it can be overwhelming to choose the right one.

That's why our research team has done the hard work for you, compiling a list of the top 10 accounting software with integrated inventory management features.

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Understanding Accounting Software with Inventory Management

Accounting software with inventory management is a comprehensive solution that integrates your financial information and data with your inventory tracking.

This type of inventory software helps businesses streamline their operations by providing real-time visibility into stock levels, sales data, and financial performance.

Key features to look for in accounting software with inventory management include:

Real-time inventory tracking across multiple channels and locations
Automated software handles bank feeds and reconciliation
Detailed inventory reports and analytics
Purchase order and invoice management
Integration with eCommerce platforms and other business tools

By consolidating your accounting and inventory data into a single system, you can save time, reduce errors, and gain valuable insights to drive business growth.

Benefits of Integrating Inventory with Accounting Software

Integrating your inventory management with your accounting software offers significant benefits for eCommerce businesses:

Cost Savings: By automating inventory tracking and syncing it with your financial data, you can optimize stock levels, avoid overselling, and reduce carrying costs. Accurate inventory data also helps you make smarter purchasing decisions to improve margins.
Improved Financial Accuracy: Integrated systems ensure that your inventory costs, sales revenue, and cost of goods sold are always up to date in your accounting software. This real-time accuracy makes bookkeeping easier and reduces the risk of errors come tax time.
Enhanced Decision-Making: With real-time visibility into your inventory and financial data, you can quickly identify trends, spot issues, and make data-driven decisions. Integrated systems provide a complete picture of your business performance, helping you optimize operations and profitability.

Top 10 Accounting Software with Inventory Management

1. QuickBooks Online: Best for Small to Medium Businesses

Overview:

QuickBooks Online is a versatile, cloud-based accounting and inventory software platform designed with small to medium businesses in mind. With robust accounting features and integrated inventory management, it's a top choice for many eCommerce sellers.

Key Features:

Inventory tracking and management
Automated tax calculations
Streamlined invoice creation and management
Comprehensive financial reporting
Integration with 100s of third-party apps

Pros:

QuickBooks Online boasts a user-friendly interface, making it easy to navigate even for those new to accounting software. Its wide range of integrations means you can connect it with your other business tools and add-ons to automate more of your workflows.

Cons:

Some users find the pricing a bit steep, especially when adding on additional features or users. Customer support can also be hit-or-miss.

Pricing:

2. NetSuite ERP: Best for Large Enterprises

Overview:

NetSuite ERP is a comprehensive, cloud-based business management suite. It's an excellent choice for larger businesses that need an all-in-one solution for accounting, inventory management, CRM, and eCommerce. Enterprise resource planning can be tricky but NetSuite aim to guide the user to success.

Key Features:

Real-time financial data and reporting
Advanced inventory management with demand planning
Native customer relationship management
Robust eCommerce features like order and shipping management
Highly customizable to meet your specific business needs

Pros:

NetSuite is built to scale with your business. Its advanced features and customization options make it a good fit for complex operations. Real-time data and comprehensive dashboards give you unparalleled visibility into your business.

Cons:

NetSuite is one of the pricier options and may be overkill for small business owners. Setup and implementation can also be complex, requiring significant time and resources to get running smoothly.

Pricing:

3. Xero: Best for Easy Inventory Management

Overview:

Xero is a powerful yet user-friendly accounting platform with some of the best built-in inventory management features on the market. It's a top choice for eCommerce businesses that want to easily sync their sales, accounting, and inventory.

Key Features:

Real-time tracking of inventory levels and value
Detailed inventory reporting and analytics
Easy creation and management of purchase orders
Integrates with 100s of apps including top eCommerce platforms
Mobile app for on-the-go accounting and inventory monitoring

Pros:

Xero is known for its clean, intuitive interface. Even if you're not an accounting expert, you'll quickly be able to navigate its features. The inventory management tools are some of the most comprehensive for small to medium businesses.

Cons:

While overall a very strong platform, some users find Xero's customization options a bit limited compared to other accounting software. There's no built-in payroll, so you'll need a separate app for that.

Pricing:

4. Sage Intacct: Best for Streamlining Complex Financials

Overview:

Sage Intacct is a cloud-based financial management platform designed for growing businesses. It offers unparalleled flexibility and in-depth features for managing complex financials and inventory across multiple entities, locations, and multiple currencies.

Key Features:

Multi-dimensional general ledger for detailed reporting
Purchasing, order management, and inventory control
Revenue recognition and project accounting
Real-time financial and operational dashboards
Robust API for integrations and customizations

Pros:

Sage Intacct is laser-focused on the needs of financial teams. It offers some of the most advanced online accounting software functionality on the market, with extensive customization options. Automation tools help streamline tedious financial processes.

Cons:

Due to its advanced features and target market, Sage Intacct comes with a higher price tag than many other solutions on this list. The learning curve can also be steeper, especially for users coming from more traditional accounting software.

Pricing:

5. Cin7: Best for Multichannel Sellers

Overview:

Cin7 is an all-in-one, cloud-based comprehensive inventory management system. It's an excellent fit for multichannel eCommerce sellers who need real-time visibility into stock, inventory levels,, orders, and fulfillment across their entire operation.

Key Features:

Centralized inventory control across all sales channels and locations
Automated order processing and shipping
Demand forecasting and stock optimization
Built-in POS and B2B eCommerce portal
Extensive integrations with eCommerce platforms, marketplaces, and 3PLs

Pros:

Cin7 is built to handle the complexities of multichannel eCommerce. The automation features save significant time on order processing, while the reporting and forecasting give you actionable insights to optimize your inventory.

Cons:

For smaller or less complex businesses, Cin7's extensive features may be overwhelming or unnecessary. The price point can also be a stretch for businesses just starting out.

Pricing:

6. Zoho Inventory: Best Free Option for Small Businesses

Overview:

Zoho Inventory is an affordable, cloud-based inventory management system for small business that integrates seamlessly with Zoho's other business apps. It's a great option for small businesses looking for a simple way to track inventory and manage orders.

Key Features:

Real-time inventory tracking across multiple locations
Order management and fulfillment
Inventory replenishment alerts and purchase order creation
Integration with 50+ shipping providers
Comprehensive reporting and analytics

Pros:

Zoho Inventory offers a generous free plan for businesses with up to 50 online and offline orders per month. Paid plans are also very affordable compared to other options. The interface is clean and user-friendly.

Cons:

While a great starter option, Zoho Inventory may lack the more advanced features needed by larger businesses or those with highly complex operations. Some users also find the integration options a bit limited compared to pricier solutions.

Pricing:

7. Square for Retail: Best for Brick-and-Mortar Shops

Overview: While best known for its point-of-sale system, Square also offers inventory management tools as part of its larger retail solution. It's a great option for brick-and-mortar businesses that also sell online and need to sync inventory across channels.

Key Features:

Real-time inventory sync across in-store and online sales
Barcode scanning and automatic stock updates
Low stock alerts and easy purchase order creation
Vendor management and cost-of-goods reporting
Integrates with Square POS, eCommerce site, and other retail tools

Pros:

Square for Retail offers some of the most affordable and user-friendly POS and inventory management tools on the market. The free plan is an excellent option for new or small businesses, while larger sellers can access advanced features on the paid plans.

Cons:

Square's inventory features may be a bit basic for businesses with highly complex needs or extensive product catalogs. There are also fewer third-party integrations compared to some other solutions on our list.

Pricing:

8. Odoo: Best Open-Source Solution

Overview:

Odoo is a comprehensive open-source business management suite that includes robust accounting and inventory management modules. It's a great option for businesses that want extensive customization options and don't mind a bit of a learning curve.

Key Features:

Double-entry accounting and financial reporting
Real-time inventory tracking and valuation
Lot and serial number tracking
Landed costs and automated inventory valuation
Integrates with Odoo's other business modules like CRM and project management

Pros:

As an open-source accounting solution, Odoo is endlessly customizable to fit your unique business needs and workflows. The community edition is free to use and includes a wide range of accounting and inventory features.

Cons:

Odoo can be complex to set up and customize, especially for users without technical expertise. Support options are also more limited compared to the other SaaS solutions on our list.

Pricing:

9. Fishbowl Inventory: Best for QuickBooks Users

Overview: Fishbowl is a desktop inventory management solution that integrates seamlessly with QuickBooks. It's a good option for businesses that need more advanced inventory features than QuickBooks offers natively but still want to keep using it for accounting.

Key Features:

Automatic syncing with QuickBooks financial data
Multi-location inventory tracking and management
Barcode scanning and automatic reorder points
Bill of materials and work order management
Integrates with many eCommerce platforms and marketplaces

Pros:

Fishbowl is one of the most comprehensive inventory management solutions for QuickBooks users. It offers advanced features like lot tracking and manufacturing management that aren't available in QuickBooks itself.

Cons:

As a desktop solution, Fishbowl may lack the anytime, anywhere access of cloud-based software. The interface is also a bit dated compared to some web-based solutions.

Pricing:

10. Brightpearl: Best for Omnichannel Retail

Overview:

Brightpearl is a cloud-based retail operations platform that includes comprehensive accounting and inventory management features. It's designed for omnichannel retailers who need to manage sales, inventory, fulfillment, and financials across multiple channels and locations.

Key Features:

Automated accounting and financial reporting
Real-time inventory management with demand forecasting
Order management, shipping, and warehouse management
Integrated POS and CRM capabilities
Extensive eCommerce and 3PL integrations

Pros:

Brightpearl is a true end-to-end solution for retailers, consolidating operational data into a single source of truth. Powerful automation streamlines processes and saves time, while advanced reporting provides insights to customers that drive profitability.

Cons:

Brightpearl's comprehensive feature set comes with a higher price tag that may be out of reach for smaller businesses. The implementation process can also be lengthy, requiring significant time and resources to get up and running.

Pricing:

Brightpearl doesn't publish set pricing, instead offering custom quotes based on your specific needs and sales volume.

How to Choose the Best Software for Your Business

With so many great options available, how do you choose the best accounting and inventory management software for your business? Here are some key factors to consider:

Business Size and Complexity: Some solutions are better suited for small start-ups, while others can scale with you as you grow. Consider your current and future needs when evaluating options.
Industry and Specific Needs: Certain industries may have unique requirements, such as lot tracking or compliance reporting. Look for software that meets your specific needs and integrates with your existing tools.
Ease of Use: The best software is one that you and your team will actually use. Look for intuitive interfaces, clear reporting, and good training resources to ensure adoption.
Customer Support: When issues arise, you want to be able to get help quickly. Consider the support options offered by each vendor, such as live chat, phone support, or online resources.
Budget and ROI: While it's important to invest in the right tools, you also need to consider your budget. Look for solutions that offer transparent, scalable pricing and a clear return on investment in terms of time savings and improved decision-making.

Implementing Your New Software

Once you've chosen your accounting and inventory management software, it's time to implement it in your business. Here are some tips for a smooth transition:

Set Clear Goals: Define what you want to achieve with your new software and establish measurable objectives to track progress.
Assign a Project Lead: Choose someone on your team to spearhead the implementation and be the point person for questions and training.
Clean Up Your Data: Before migrating to a new system, take the time to clean up your existing data and ensure accuracy.
Integrate with Other Systems: Look for opportunities to connect your accounting and inventory software with your other business tools, such as your eCommerce platform or shipping solution.
Train Your Team: Provide thorough training to ensure that everyone knows how to use the new software effectively. Take advantage of vendor resources and tutorials.
Test and Refine: As you start using your new software, continuously test and refine your processes to optimize efficiency and results.

Streamline Your eCommerce Accounting with Link My Books

For eCommerce businesses, one of the biggest challenges is accurately syncing sales, fees sales orders, and inventory data from multiple channels with their accounting software. This is where Link My Books comes in.

Link My Books is an eCommerce accounting software that connects your sales channels, such as Amazon, eBay, and Shopify, with Xero or QuickBooks. With Link My Books, you can:

Automatically import and categorize sales, fees, and inventory costs from all your channels
Easily reconcile marketplace deposits with individual transactions
Capture key eCommerce data like SKUs, quantities, and shipping costs
Analyze profitability by channel and product
Save hours on manual data entry and reconciliation each month

By automating the flow of data between your eCommerce channels and your accounting software, Link My Books gives you real-time visibility into your financial performance. You can streamline your bookkeeping, improve accuracy, and free up time to focus on growing your business.

Link My Books is an excellent complement to the accounting and inventory management software featured in this post. If you're using Xero or QuickBooks, consider adding Link My Books to your tech stack to automate your eCommerce accounting and get a true picture of your profitability.

Wrapping Up

Investing in the right accounting software with inventory management features is one of the best ways to streamline your operations, save time, and grow your profits. By understanding your options and choosing a solution that fits your unique needs, you can set your business up for success.

Ready to take control of your eCommerce finances and streamline your operations? Discover the power of accounting software with integrated inventory management.

Plus, don't miss out on the game-changing benefits of Link My Books – the ultimate eCommerce accounting integration.

With Link My Books, you can automatically sync your sales and inventory data from Amazon, eBay, Shopify, and more with Xero or QuickBooks. Say goodbye to manual data entry and hello to real-time financial insights.

Upgrade your tech stack today and experience the difference for yourself. Your business (and your bottom line) will thank you. Try your FREE 14 Day Trial and see the value Link My Books can offer your business first hand!