QuickBooks POS: What Makes It The Best Retail Solution
Almost all of us have some memories associated with some retail stores. Racing up to your favorite candy counter, roaming around the fully loaded aisles, and the long wait in the checkout lines. Whenever one thinks about a retail store, some of the thoughts are sure to come flooding into our minds.
However, managing a retail store is not as easy as it seems. Handling customers, proper resource management, creating better discounts- these are some of the things that must be managed suitably for the seamless functioning of a store. And this is where QuickBooks POS comes into the picture. With its innovative features, it is the software solution for all your retail needs.
So, without further ado, let’s have a look at why QB POS is the best retail solution for you:
1) Recording sales:
Ringing up sales is one of the everyday tasks in a retail store. While it may sound simple, improper recording of sales can disrupt the stock balance of your inventory. It can also lead to the customers being billed incorrectly, which then affects your business’s finances.
QuickBooks POS provides your sales executive with an easy-to-use interface for precise and speedy selling moments. You can record sales using the assigned item name/number or scan the barcode using a barcode scanner.
If you do not want a customer waiting at those bustling checkout counters, you can ring up sales using your phone. It is both Android and iOS compatible.
2) Flexible modes of transaction:
Suppose you are a sales executive at the billing counter. A customer brings in their items for billing, and you diligently ringed up every one of them. However, when the customer decides to pay, you find out that your current POS does not support the payment method. Disappointing, isn’t it?
QB POS offers flexible modes for making payments. Whether its Visa or American express, it supports all kinds of credit and debit cards. It is EMV compatible and ensures secure transactions. It supports payments by cash, checks, and contactless payment methods like Google pay as well.
Additionally, you can use QuickBooks POS mobile sync and QuickBooks GoPayment app for making payments from anywhere in your store.
3) Managing the inventory:
Inventory is the cornerstone of a retail business. Managing inventory includes various tasks, including keeping item availability, timely re-stocking, and monitoring sales behavior. With proper inventory control, you can easily manage these essential activities. However, improper inventory management could drain your resources and cause severe financial losses. It can also decrease your efficiency, making you more vulnerable to your competitors.
However, with QuickBooks POS, you can easily bypass these obstacles. With its real-time stock management, you can easily monitor sales behavior. You can also pre-set the item level and get notified immediately whenever those items fall below those levels. It also offers state-of-the-art analytic software for analyzing your sales and establishing a predictive inventory.
This way, you can always maintain item availability and keep your sales booming.
4) Handling customers:
If a retail store were a car, then the customers are its wheel needed to keep it running. And the better the customer service, the better the retail output. QuickBooks POS adds your customer’s credentials to your system during the sales. This way, you can track your loyal customers and offer exclusive discounts to them.
You can also print customized receipts, price tags, coupons for free trials, and special loyalty discounts. You also get attractive features like mobile payments option, committed item availability, and enhanced customer service. QB POS further ensures a happy retailing experience for your customers.
5) Seamless QuickBooks integration:
It’s closing time, and now you have to record the sales made and oversee the finances. But wait! Before that, there is a ton of data waiting to be entered into your QuickBooks. And to make things worse, time for filing the taxes is also around the corner.
Hold on before you go and bang your head in frustration as QuickBooks POS is there to save your life.
Set up your QuickBooks desktop and say goodbye to all those accounting hassles. With a single click, it can automatically synchronize all your data. You don’t have to re-enter your data again manually. Further, with this POS software, you can quickly generate invoices, manage taxes, and simplify your accounting needs.
6) Enhancing your retail experience:
QuickBooks POS enhances things not only for your customers but for you too. Since it’s cloud-based, you can remotely generate your purchase orders. For proper resource management, it provides in-built sales, inventory reports with the option of creating your personalized reports. And with its real-time stock management, you can quickly transfer goods between your different warehouses.
You can even create a customized gift card furnished with your store’s logo. It can be easily ordered via the internet and gives you a distinguished standing among your competitors. You can also track packages, employee time, petty cash pay-outs, and include pictures of items in your inventory.
7) Giving out discounts:
When someone walks into a retail store, the first thing that draws his attention is discounts. Customers are always on the lookout for quality products at just prices. While discounts are a great way to bring in more customer traffic, proper discount management is necessary to save your margins.
QuickBooks POS provides pricing management tools to set competitive prices and offer reasonable discount rates. And with the option to monitor your stocks in real-time, you can analyze your discounted products’ sales. This way, you can forecast demand accordingly and offer attractive discount rates with profitable margins.
Conclusion:
Flexible modes of payments, efficient inventory management, and an unmatched retail experience; these are some of the fantastic benefits of QB POS. Another unique advantage is that QuickBooks Point of Sale can be hosted on the cloud to offer mobility and flexibility benefits to retailers. Also, it enhances the experience for your customers and gives them an unforgettable retail experience at your store.
Therefore, when you want the best retail solution, QuickBooks POS is always ready to answer your call.
