[Mika]

How is anyone doing accurate inventory (either FIFO or LIFO) outside of Volusion if the Web Connector is not so great and T-HUB is only "pretty good"? How do you thing like returns on the Volusion side get handled in your accounting application?

[rob1]

For us, we decided that Quickbooks is king. QB holds all the accurate product data such as stock level, inventory cost, purchase orders, etc. Put another way, Volusion is strictly taking orders for us.

We export the orders from Volusion into a IIF file, and then we import the orders using the IIF file into QB. This creates a Sales Order in QB, which in turn:
a) deducts the items from inventory
b) creates entries in undeposited funds (one per each order)

For returns, we do this:
a) credit the customers card using Volusion
b) enter a credit memo for the return in QB (which will adjust inventory and the bank balance)

By the way, I believe QB uses average cost and not LIFO or IFO.

[marbleisland]

rob1, that is the exact same method that we use and it works great for us. We are using QBWC so the imported orders require a little massaging after but it definitely saves us a load of time.

We also use the average cost method for inventory (QB default).