For the past 10 years, Fishbowl has integrated with Xero, an online accounting solution. Xero has all the accounting features a growing business needs, and it is perfectly complemented by Fishbowl’s advanced inventory management features.
Xero is especially popular among small businesses because of its intuitive interface and feature set. If you use Xero, you can connect it with Fishbowl’s manufacturing and warehouse management software to keep your inventory data synchronized with your accounting system.
Benefits of Fishbowl’s integration with Xero
The following is a sample of the features and benefits of Fishbowl’s Xero integration.
Easy setup
Fishbowl’s integration with Xero has been thoroughly tested and improved over the years to ensure it works seamlessly. It’s easy to set up a connection between your accounting and inventory records, meaning that Fishbowl users can schedule imports and exports between these two solutions as frequently as you like. This enables you to update accounting records and create new journal entries from Fishbowl.
Quick order fulfillment
Fishbowl lets you create and process sales orders and do all of your picking, packing, and shipping. It then tells Xero to update its inventory asset, cost of goods sold, and income accounts to reflect those transactions. Whenever something is changed in inventory, it is also recorded as an accounting adjustment. Keep in mind that this update isn’t instantaneous, but it is automatic when you set up a schedule for exports.
Accepting payments
When you receive payments from customers in Fishbowl, they get scheduled to be entered into Xero. Xero can also accept payments online outside of Fishbowl.
Recording purchase orders
After a purchase order is entered into Fishbowl, the software exports that information to Xero, which updates its journal entries to recognize the value of the incoming inventory as an asset.
Adding contact information
When a new customer or supplier is added to Fishbowl, their contact information also gets added to Xero once a scheduled export is completed.
Making inventory adjustments
Shortly after you scrap unusable inventory, perform cycle counts, or make other inventory adjustments in Fishbowl, those changes will be sent to Xero. Thanks to this connection, you eliminate the need for double data entry and keep the two solutions working in harmony with each other.
Finishing work orders
Once a work order is finished in Fishbowl Manufacturing, the general ledger in Xero will be automatically updated on the next scheduled export. This saves manufacturers a step and makes sure manufacturing adjustments are reflected in both their accounting and inventory systems.
FAQs
How is Xero different than QuickBooks?
Xero and QuickBooks have a lot in common because they’re both accounting solutions. Xero is solely accessible online while QuickBooks is available in both online and desktop formats. There are also differences in their setup and interface. Fishbowl integrates with them all separately.
Does Xero work on a Mac and on Linux?
Yes. Because Xero is cloud-based, it can be accessed on a Web browser, and it doesn’t need to be downloaded onto a computer. Operating systems aren’t an issue for it. Fishbowl Manufacturing and Fishbowl Warehouse, on the other hand, are desktop solutions that can be run on Windows, iOS, and Linux systems. They work with Xero on PCs, Macs, and Linux-run devices.
Does Xero integrate with Fishbowl Drive?
It sure does. Fishbowl’s desktop software and Fishbowl Drive, Fishbowl’s cloud-based solution, integrate with Xero.How does Fishbowl functionality change when integrated with Xero?
Fishbowl’s integration with Xero doesn’t change its functionality at all. It’s still the same manufacturing and warehouse management software; it just sends data over to Xero’s accounting software when the two are integrated.Is inventory tracked in Fishbowl or Xero?
Fishbowl is where inventory tracking occurs. Xero records the quantity and price of goods sold in each order, but Fishbowl handles the logistics of picking, packing, shipping, receiving, and other inventory-related tasks.How do I set up the Fishbowl-Xero integration?
Connecting Fishbowl to Xero is straightforward. Simply go to the Accounting Integration module in Fishbowl, click the Configure tab, and click the blue “Connect to Xero” button.
Follow the instructions in the wizard that appears to get an Authorization code from Xero and enter it into the empty textbox. Then just select the Xero accounts you want Fishbowl to use for Accounts Receivable, Accounts Payable, Holding, and Undeposited Funds. If you don’t have applicable Xero accounts, you can make them by clicking the Create buttons.
How do I run imports and exports?
Fishbowl’s Xero integration lets information flow easily between these two solutions. You can manually perform Fishbowl imports and exports anytime you like by simply clicking the General tab in the Accounting Integration module and clicking a few other buttons.
This way, you keep your accounting and inventory records updated and on the same page every time you make changes in one or the other. This leads to major time savings and no more guesswork about which records are contained where.