Introduction

Managing an Amazon FBA business requires accurate financial tracking, efficient inventory management, and streamlined accounting processes. Two of the most popular tools that help sellers optimize their operations are SellerBoard vs Inventory Lab​​. Both platforms offer powerful features designed to save time and increase profitability, but which one provides the best return on investment? In this detailed comparison, we will analyze the features, pricing, ease of use, and overall value of SellerBoard and InventoryLab to determine which is the better option for Amazon sellers.

Feature Comparison: SellerBoard vs InventoryLab

1. Profit and Loss Tracking

SellerBoard provides real-time profit analytics, ensuring sellers have up-to-the-minute financial insights. It calculates Amazon fees, shipping costs, refunds, and PPC expenses, delivering a detailed profit and loss (P&L) report.

InventoryLab also offers financial tracking but focuses more on cost of goods sold (COGS) and profitability per SKU rather than real-time analytics. While it provides financial reports, the data refresh rate is slower compared to SellerBoard.

Winner: SellerBoard – Its real-time tracking gives sellers a more accurate view of their business profitability.

2. Inventory Management

Inventory management is a crucial aspect of selling on Amazon, and both tools offer unique features to optimize stock levels.

SellerBoard: Provides inventory forecasting, low-stock alerts, and estimated reorder dates. It also helps track supplier costs and calculates the best restocking times to prevent stockouts or overstocking.

InventoryLab: Focuses on streamlined inventory listing and tracking, allowing users to create and manage shipments more effectively. It integrates directly with Amazon's FBA inbound shipping workflow, which makes it easier to manage replenishment.

Winner: InventoryLab – Its robust shipment management tools give it an edge for inventory-focused sellers.

3. Expense and Refund Tracking

SellerBoard excels in tracking hidden costs, including Amazon storage fees, refunds, and PPC costs. It also features an automated refunds reimbursement tool that identifies Amazon errors and helps sellers claim back lost money.

InventoryLab provides expense tracking through its Scoutify app but does not offer automated refund claim assistance.

Winner: SellerBoard – Automated refund tracking and reimbursement make a significant difference in recovering lost revenue.

4. Product Research and Scouting

SellerBoard: Lacks a dedicated product research feature but provides detailed profitability insights for existing products.

InventoryLab: Includes Scoutify, a mobile app designed for product scouting, enabling sellers to evaluate products on the go before making sourcing decisions.

Winner: InventoryLab – Its Scoutify app is a valuable tool for retail arbitrage sellers.

5. User Interface and Ease of Use

SellerBoard is designed with simplicity in mind. Its dashboard is clean and provides quick financial overviews, making it easy to navigate for sellers who prioritize profit analytics.

InventoryLab has a steeper learning curve but offers powerful features for inventory tracking and shipment management. New users may find it takes longer to master.

Winner: SellerBoard – More intuitive and user-friendly for financial tracking.

6. Pricing Comparison

SellerBoard: Starts at $15/month, making it one of the most affordable Amazon analytics tools.

InventoryLab: Costs $49/month, which is higher but includes inventory management and product scouting features.

Winner: SellerBoard – More budget-friendly while still providing essential profit tracking features.

Which Tool is Best for Your Business?

Choose SellerBoard If:

✔ You need real-time financial tracking and profit analytics. ✔ You want automated Amazon refunds reimbursement. ✔ You are looking for an arbitrage software tool with excellent reporting.

Choose InventoryLab If:

✔ You prioritize inventory management and streamlined shipment creation. ✔ You need a mobile product scouting tool for sourcing decisions. ✔ You prefer an all-in-one tool for inventory and accounting.

Final Verdict: SellerBoard vs InventoryLab

For Amazon FBA sellers focused on maximizing profits and tracking expenses, SellerBoard is the best choice. It offers real-time financial insights, automated reimbursements, and affordable pricing, making it a must-have for cost-conscious sellers.

However, if inventory management and product scouting are your primary concerns, InventoryLab is the superior option due to its Scoutify app and shipment tracking tools.

Ultimately, the best tool depends on your business needs. If financial tracking and refund recovery are crucial, SellerBoard is the winner. But if inventory control and sourcing are your top priorities, InventoryLab is a better investment.