Listen "Advanced Inventory Workflows with Katana - FIFO and Landed Cost"
Episode Synopsis
New Series - Rachel and Dan will be joined by Shawn Coultice from Katana to discuss some side by side feature comparisons with QB Enterprise and Katana's Cloud-based Inventory Solution. For people considering the switch to QB Online with an Inventory Management Add-on, this series will be helpful to determine what features and workflows will work in a cloud based solution, and which workflows might be better suited for a could based solution.
Learn More About Katana Here - https://psref.katanamrp.com/SOBWorkshop
Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday
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00:00 Introduction and Guest Introduction
00:55 Overview of Inventory Management Solutions
02:07 Challenges in Cost Calculation
06:42 Methods of Cost Calculation
11:00 Katana's Approach to Cost Calculation
17:20 QuickBooks Cost Calculation Options
21:28 FIFO and Inventory Aging Reports in QuickBooks
24:08 Batch Tracking and Costing Methodology
24:47 Managing Expiration Dates and Inventory Decisions
27:09 Introduction to Landed Costs
29:24 Applying Landed Costs in Katana
32:06 Comparing Katana and QuickBooks
38:02 Advanced Landed Cost Scenarios
41:16 Conclusion and Upcoming Topics
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