How Fishbowl reports inventory turnover.
A short reference for the finance team reconciling the number on this calculator with the number Fishbowl returns. Report name, the menu path, the costing assumptions, and the one caveat that bites most often.
What this page is, and what it is not
This is not a buy/don’t-buy review of Fishbowl, and it is not a pricing comparison. Inventory turnover is a formula, not a software market: any general ledger that posts COGS and tracks inventory value can produce the ratio. This page exists for the moment a CFO runs our calculator on the trial balance, runs the Fishbowl report, and gets two different numbers. Below is why.
Where the turnover report lives
Fishbowl’s report is called Inventory Turnover Report and Inventory Valuation Summary. The path is Reports > Inventory > Inventory Turnover.
What the report counts as COGS
Posted COGS from shipped sales orders in the selected window.
What the report counts as inventory
Fishbowl uses the average inventory basis by default. Our calculator defaults to average inventory (beginning plus ending, divided by two). If you want the two numbers to agree, set both to the same basis before reconciling. See average vs ending inventory for the trade-off.
How Fishbowl annualises
Automatic, but defaults to a 12-month trailing window; reset the date range before benchmarking against an industry median calculated on a calendar year.
The one caveat that bites
Fishbowl integrates with QuickBooks for the GL side; if QuickBooks COGS posts are batched, the Fishbowl turnover report and the P&L will disagree until the sync completes.
Reconciling the Fishbowl number with this calculator
- In Fishbowl, run Inventory Turnover Report and Inventory Valuation Summary for the same window you used in our calculator (calendar year, fiscal year, or trailing twelve months).
- Set inventory basis to match: our calculator uses average by default; Fishbowl uses average. Either change ours via the toggle, or pull the second balance point from Fishbowl and average it yourself.
- Confirm the COGS number matches your P&L. If Fishbowl is upstream of your GL (for example Cin7 or Fishbowl feeding QuickBooks), wait for the sync to clear before comparing.
- Apply the caveat above. For mixed-method costing or multi-entity roll-ups, the single-number turnover is rarely defensible without a per-segment breakdown.
Pricing context (for completeness, not the point)
Fishbowl publishes list pricing. Fishbowl Drive from $329/mo per user; Advanced one-time licence starts in the low five figures. See the vendor page for current tiers. Recent change: Fishbowl split SaaS (Drive) and on-prem (Advanced) product lines in 2024; pricing page modernised 2025 and per-user rates held through 2026.
Related
- Our methodology - what this calculator does, and the auditor-preferred defaults.
- Average vs ending inventory - the basis choice that determines whether your number and Fishbowl’s number agree.
- Vendor compare pages - head-to-heads framed around the turnover-reporting workflow.