Competition in the retail market has grown manifold, making the sellers face several challenges in keeping track of inventory or handling multiple stores. Irrespective of the size and type of your business, having a suitable POS system is critical to sustaining and growing your business. Although you might be using QuickBooks software for various business needs, it’s time to learn about the QuickBooks software suite’s POS system.
This blog post will cover various sides of QuickBooks POS to help you understand if it is the right choice for your business.
What is QuickBooks POS?
QuickBooks POS or Point of Sale is an advanced solution developed by Intuit for retail businesses. It allows them to make sales and manage inventory with an easy-to-use interface and setup. In other words, QuickBooks POS is a multi-purpose solution that can be used for sales, inventory management, credit payment processing, time tracking, and much more.
It has been designed to manage more than 15,000 inventories and can be easily integrated with QuickBooks accounting software. If you particularly want to replace cash registers in your retail stores or manually enter sale data, QuickBooks POS is the right solution for you. Moreover, you can also benefit from QuickBooks POS hosting to access the software anywhere.
Features of QuickBooks POS
Given below are some of the primary features of the QuickBooks POS solution:
- Easy to accept payments via different types of cards, cash, and checks
- Easy to optimize sales using a barcode scanner, item keyword, or item number
- Real-time inventory management to help you understand trends and offer the suitable discounts
- Customer information access within the software to reach them for offers and other marketing campaigns
- Easy sync with QuickBooks accounting software
- Easy to keep track of working hours, performance, and commissions of employees (with Pro and Multi-store version)
- Compatible with all hardware devices, including barcode scanner, receipt printer, Microsoft Surface Pro, and others
For more information about the features of this POS solution, click here.
Recommended Read: All About QuickBooks Software
QuickBooks POS Requirements
The basic requirements for QuickBooks POS are:
OS: Windows
Processor: 2.8GHz processor (3.5 GHz for multiple users)
Disk space: 1 GB minimum
Screen resolution: 1280×768 at least
Memory: 4GB or 8GB RAM as per the number of users
QuickBooks Desktop Compatibility:
- QuickBooks Pro or Premier 2018, 2019, 2020 and 2021
- Enterprise Solutions Versions 18.0, 2019, 2020 and 2021
How Does QuickBooks POS Work?
QuickBooks POS can help you manage your retail business in an intelligent, efficient way. With more tablet choices, contactless payments support, and e-commerce integration, you can work both online and offline stores in one place. In addition, you can use it to manage bills, cash flows, bookkeeping, and cloud accounting.
It also works well with tablets having Windows 10 OS and various hardware equipment like cash drawers, receipt printers, barcode scanners, tag printers, and many others.
For more information about the features of this POS solution, check Intuit’s website.
QuickBooks POS Requirements
The basic requirements for QuickBooks POS are:
| Pricing Plan | Cost |
| POS Basic | $960 for one-time purchase (POS hardware to be bought separately) |
| POS Pro | $1360 for one-time purchase (POS hardware to be bought separately) |
| POS Multi-store | $1520 for one-time purchase (POS hardware to be bought separately) |
The features of QuickBooks POS you can access depends on the type of plan you select for your retail store(s). Therefore, it is advisable to read complete details of software features with each plan before buying it.
Disclaimer: The given pricing is picked from the QuickBooks POS official website.
Pros and Cons of QuickBooks POS
Given below are the primary pros of using the QuickBooks POS solution:
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Advanced inventory management
You can sync the inventories across multiple stores in different locations and get real-time updates using this POS solution. Accordingly, you can keep track of the best-seller products in each store.
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Easy integration with QB desktop software
The easy sync feature of QuickBooks POS with QB desktop software makes it a popular choice amongst many retailers. This is because they can easily sync the data without entering it manually.
Unlike the pros, there are some cons of QuickBooks POS as well, such as:
- QuickBooks POS needs to be locally installed and is not cloud-based.
- It integrates only with QuickBooks desktop software.
- It requires QuickBooks Payments in addition.
- Expert customer service is not free but chargeable.
- It is quite expensive in comparison to many of its alternatives.
Conclusion
While several POS solutions are available in the market, QuickBooks POS is much better than many of its competitors. You can use its primary features to enhance the customer experience and grow your retail business.
To know more about hosting QuickBooks POS on the cloud, call us at 1-855-583-7486.
