[hvanhise1]

Ok, so we are switching over from QuickBooks to retail Edge as we need to track inventory sales better. I do not want to have to use 2 system to see our bottom line. Does Retail Edge offer expenses in the software?

If not we can still use QuickBooks for expenses. Biggest issue is we charge freight on all orders, but we will not know cost of freight until product has been drop shipped and our invoice sent to us. Now on nightly reports it is showing all "freight" (we created product number) as 100% profit which is not true. How can we make "freight" show as an expense when receiving a PO

[RetailEdge Moderator]

RetailEdge will track cost of inventory and can do payouts, but this is really as far as we deal with expenses. RetailEdge is a point of sale and inventory management system. So you will help you with the inventory portion of you business. However, you are still going to need an accounting program to handle other expenses. For instance, you are going to have payroll, gas and electricity etc. RetailEdge does not deal with any of this. We do have house charges/accounts and can invoice customers. However this is as far as we take accounting.

You can see from this forum link how data flows over to Quickbooks when we export the closing information.

http://www.retailedge.com/phpBB/viewtopic.php?f=4&t=96

We use RetailEdge to run our business. What we do is create a shipping item that you can sell. It will have a $0 cost. So when the data flows over to QB you will have sales (and you can put this into a separate sub-account of sales if this makes it easier to track) and then when you pay the bills for the FedEx or UPS charges, etc. then you will pay them against this sub account. If you are charging more than the actual shipping amount (shipping and handling), then you will be able to track P&L for shipping by doing it this way.

Hope this helps.

Ok, so we are switching over from QuickBooks to retail Edge as we need to track inventory sales better. I do not want to have to use 2 system to see our bottom line. Does Retail Edge offer expenses in the software?

If not we can still use QuickBooks for expenses. Biggest issue is we charge freight on all orders, but we will not know cost of freight until product has been drop shipped and our invoice sent to us. Now on nightly reports it is showing all "freight" (we created product number) as 100% profit which is not true. How can we make "freight" show as an expense when receiving a PO