Flipwise streamlines inventory management by allowing you to quickly record purchase details and storage locations. It provides sourcing reports to identify profitable channels and manages consignment deals with multiple partners. Supporting cash and accrual accounting, Flipwise calculates inventory values, COGS, and tracks damaged or donated items for accurate financials and tax deductions. Missing Data Alerts ensure complete inventory data, enhancing your eBay business’s efficiency.

📊 Record all your data quickly and easily
Flipwise makes managing your inventory a breeze by allowing you to record essential details for every item you source. Track your purchase price to stay on top of costs, note the purchase date for accurate accounting, and record the location where you sourced the item for performance insights. You can even designate a storage location to keep your inventory organized and easy to find when it’s time to ship. With this level of detail at your fingertips, you'll gain full visibility into the life cycle of your inventory, empowering you to make smarter decisions and stay on top of your eBay business.

🔍 Purchase location breakdown
Are garage sales your sweet spot? Do thrift stores bring in the highest profit margins? Flipwise’s sourcing reports let you find out by breaking down your performance by sourcing method. You’ll gain insights into which sourcing locations and strategies are driving the best results, helping you focus your time and money where they’ll deliver the most return. Stop guessing and start sourcing strategically with Flipwise’s detailed purchase location reporting tools, designed to help you refine your approach and grow your eBay business smarter, not harder.

🤝 Manage consignment deals
If you handle consignment sales, Flipwise has you covered. Track each consignment deal effortlessly by associating items with specific purchase locations–one for each person you consign with. This makes it easy to monitor your payout obligations, track profits, and ensure you’re keeping accurate records for every deal. Whether you're selling items for friends, family, or business partners, Flipwise simplifies consignment management so you can focus on what you do best—finding and selling great inventory.

💰 Cash vs. Accrual
Flipwise automatically calculates critical figures like starting and ending inventory values, total spend on new inventory, and cost of goods sold (COGS) based on the data you input. Whether you’re using cash or accrual inventory accounting methods, Flipwise takes the guesswork out of bookkeeping. With these essential numbers at your fingertips, you’ll have everything you need to prepare taxes, analyze business performance, and meet accounting requirements without hassle.

🛠️ Mark items in your inventory as damaged
Mistakes happen, and inventory gets damaged. Flipwise lets you handle these moments seamlessly. Mark items as discarded in your inventory to update their status instantly and adjust your records for accurate reporting. Whether an item is returned in unsellable condition or gets lost during storage, Flipwise ensures you stay on top of your inventory value. Accurate tracking means fewer surprises and more confidence in your financial reporting.

🎁 Mark items in your inventory as donated
Sometimes items don’t sell, but that doesn’t mean they go to waste. Flipwise allows you to mark inventory items as donated, ensuring you keep accurate records for tax deductions and inventory management. This feature not only helps you track your charitable contributions but also keeps your inventory lean and focused on what sells. With Flipwise, managing your inventory for maximum efficiency has never been easier.

⚠️ Missing data alerts
Never let incomplete records slow you down. Flipwise’s Missing Data Alerts ensure your inventory records are always complete and ready for action. If an item is missing critical information—like its purchase price, sourcing location, or storage details—you’ll get an alert, so you can update the data promptly. Stay organized and avoid the frustration of missing details when it’s time to calculate profits or prepare for taxes. Flipwise keeps your business running smoothly by making sure no detail slips through the cracks.

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