After our editorial review staff thoroughly tested and analyzed both Fishbowl Inventory and QuickBooks Online, we have some valuable insights to share. These accounting and inventory management solutions cater to different markets. Learn which is best for your business needs.
Fishbowl Inventory is best suited for small to medium-sized businesses, particularly those seeking an advanced inventory management or light MRP system. It’s also ideal for manufacturers that need to meet traceability requirements for FDA or USDA audits.
The software offers competitive pricing without requiring a subscription and integrates well with QuickBooks. The system can operate as a light MRP system. However, it’s not a real-time solution, as transactions are manually or scheduled to sync with QuickBooks. Also, while it’s a robust tool, there’s a learning curve to it, and customizations could complicate support scenarios.
QuickBooks Online is a widely-used financial software suitable for a broad range of businesses. It caters to accounting, IT, and professional services industries.
The software provides an intuitive user interface, customizable invoicing, and extensive pre-built and custom reports. However, it is comparatively expensive, offers few industry-specific features, and limits users per plan. Some level of accounting knowledge is required to use it effectively.
For most businesses, we recommend QuickBooks Online because it offers a more comprehensive set of features that cater to a broader range of businesses. It’s widely used and offers extensive features for managing your finances.
However, if advanced inventory management is a priority for your business, Fishbowl Inventory is the better option. It integrates with QuickBooks, allowing you to manage both the financial and inventory aspects of your business.
For more options and details on ERP software, refer to our comprehensive roundup of the best ERP software.