News

Inside this section, you can prepare an FBA shipment from A-Z and the software helps you comply painlessly with all the FBA requirements. On the hand-right side, there’s an interesting pie chart that lays out all your monthly expenses. We can see that FBA fees, in general, are taking the biggest portion in terms of expenses, nothing else really compares. We notice that FBA Transaction Fees are the highest expense followed by selling fees and FBA inventory and inbound service fees. There’s also an easy data export functionality that is directly accessible through the “Export” button right next to the date selection drop downs. On the left side, you have a sales vs profit chart basically comparing revenue to profit after subtracting expenses.

Pricing & Trial

In any case, if you’re just starting out, both software will equally serve you well. You might want to what is a creditor petition for bankruptcy go for AccelerList just because of the slight pricing advantage. I also feel IL has more accounting and reporting features, but AccerList’s reports and accounting sections look cosmetically better and don’t seem to lack any of the basics. Similarly to the supplier profitability report, you can use these insights to take action and experiment with sourcing more SKUs in the particular category that is showing great potential.

Jungle scout is hugely popular, there are too many tools to mention here, but you can read my full review on Jungle Scout. If you require a mobile scanner, you will need to pay for a separate app. AccerList has not been around for as long, but the features are very tax software similar to Inventory Lab, except for the built-in scanner – this is unique to Inventory Lab.

InventoryLab offers comprehensive support resources to guide users in setting up their accounts and getting started with the platform. We also offer free Customer Coaching (CuCo) sessions that help both beginners and pro sellers get the most out of the software. They say the reason InventoryLab came to life was after they were having a hard time tracking their expenses and accounting through complex spreadsheets. A year later they created InventoryLab to help with inventory management while having built-in expense tracking. From sales, reimbursements and refunds, to profits and losses – you can track almost anything related to your store’s finances and performance from this platform. Another key feature of this app is the built-in barcode scanner.

Can I export my data?

1. The view also shows you a neat table containing info about all your SKUs.
2. Right under the listing title, you can see its sales rank, category and size tier.
3. If you haven’t yet, I suggest signing up for the 30-day trial to decide whether Inventory Lab meets your business requirements.
4. This can really help with cash flow planning and control.
5. If you value your time, InventoryLab pays for itself each and every month.

We’ll explore each section of their web interface and lay out the features. Finally, we’ll summarize the review and quickly evaluate competing solutions. As with Inventory Lab, AccerList’s workflows speed up the process of scanning and uploading items and makes tracking and adjusting prices simple – both tools are useful in this regard. If you prefer to try before you buy, Inventory Lab offers a 30-day free trial, with access to all their features. Using the app, you can scan an item, enter the price you’re paying and selling it for, and add it to your Buy List. By reading Inventory Lab reviews, we find out that this tool also helps you keep a close eye on inventory levels and reorder stock to ensure you never run out.

Exciting Updates: Ship to FBA at Light Speed! 🚀

It ensures you won’t be celebrating $10,000 in monthly revenue when your business is barely breaking even or possibly losing money on that $10,000. Remember the “Supplier” field we were asked to enter when listing our product? This is invaluable data because it’s not just about “oh yeah, great, I’m profitable this month..yay”.

We’ll give you the first 30 days free. Experience how InventoryLab can drastically improve your business.

Scoutify is very popular with online and retail arbitrage sellers. Once you download the app, you can analyse how to make an invoice potential inventory directly from your mobile device. The accounting section is the second most prominent feature of IL. It may seem like a hectic process written down in 11 steps like that, but it’s really very systematic. Because it’s a simple process, you can easily outsource this to an employee or part-time college student or so.

You don’t need to download Stratify, but you do need to download the mobile app, Scoutify. InventoryLab’s data is updated regularly to ensure accuracy. Inventory reports update every 4–8 hours, sales data every 2–3 hours, and reimbursement reports daily. Reconciliation, refunds, and other expenses update after each payment disbursement. Finally, FBA shipment status and the Velocity Report update every 24 hours.

Stratify helps you improve efficiency and profitability using detailed data and performing real-time product research. It simplifies listing products, printing labels, tracking profits/costs, and building FBA shipments. It also lets you track expenses, view total in-stock values, and monitor sales. This makes it easier to make strategic decisions, especially with comprehensive reports showing which products are the most profitable. Inventory Lab gives you access to an app for sourcing inventory and creating buy lists and a desktop version for listing products, shipping them, and tracking your progress.

Using this tool, you can track almost anything related to your business’s finances and performance – including sales, reimbursements and refunds, profits, losses, etc. Immediately printing labels can save you up to an hour per inventory batch. It removes the need to sort through pages of labels at the end of the listing process. According to some users, AccerList is more intuitive than Inventory Lab when it comes to listing items online. However, Inventory Lab does have more reporting and accounting-related features; this, of course, is a big plus. Not only can you research and list products, but you can also manage your inventory, track your expenses, and analyse profitability.