Small business owners encounter a number of situations on a daily basis. You’re in the middle of the mid-morning rush and your internet goes down; you are at home on the weekend and an employee calls in a panic about a specific transaction. Wouldn’t it be nice to have a mobile solution to mitigate these situations? Well, you can, and you should. QuickBooks Financial Software can give you the solutions that you need, to help you manage your business, and any problems that may arise. Here are just a few of the reasons that your POS system needs QuickBooks Financial Software.
QuickBooks Financial Software is a mobile solution
Consumers are increasingly going mobile, so business owners must too. Industries such as retailers and restaurants should especially have an up to date POS system with the latest software that allows them to work offline, from wherever they are, and across multiple devices. Opportunities for your business are no longer just in the office or in-store anymore. You need the technology to provide you with capabilities for being on the go.
A crucial feature of any POS system is software integration with your accounting software. According to surveys among small business owners, about 46% say that bookkeeping and office work is their least favorite task. Time consuming accounting tasks can take between two and three weeks of productivity away per year. An integrated POS accounting solution, such as the one provided by QuickBooks Financial Software, automatically syncs every day in order to update data. This virtually eliminates the need for manual data entry and the risk of human error, saving you valuable time and resources.
Improved Use of Resources
When you implement QuickBooks Financial Software into your POS System, not only does it save you time, but that time can be used to improve the resources that you have; now your management staff can save time on training employees. Moreover, an IPAD becomes a mobile cash register that takes orders, accepts payments and tracks both inventory and customer accounts. Your customers will also save time and be less frustrated. No more long, slow lines that make your customers impatient and ultimately hurt your business. Up to date POS systems even work offline, saving the data to be processed once connected again. This means you can keep the lines moving, even when the internet is down.
Make instant adjustments to your advantage
Once you have an integrated accounting system, it’s easy to use it to your advantage. Based on the data from recorded from your POS, you can adjust prices, or know when to establish a good sale. Review accounting information afterward to determine how your decisions are affecting your overall financial outlook. Use accounting information from QuickBooks Financial Software to make decisions to change hours of operation- are there times when it would benefit your business to stay open longer, or close the doors a little earlier? Are raising prices affecting your profit and loss statements? The data from QuickBooks Financial Software will give you the information needed to stay up to date on your company’s numbers and your customers’ preferences. This allows you to leverage that data and drive sales; all while improving your bottom line.
Build Stronger Customer Relationships
As a small business owner, maintaining customer loyalty is vital to your business. With more detailed customer information at your fingertips, you can keep your customers on top of store news, including special promotions to keep them coming through your doors. QuickBooks Financial Software allows you to track and reward your best customers. You will know at a glance the profitability of each customer simply from the data recorded in the software. You will also have the capability to track an item on order for individual customers and notify them when it has arrived. This high level service is often rewarded with repeat business.
There are many reasons, that businesses, both large and small, use QuickBooks Financial Software. The ones listed above are just a few. With any business the two most prioritized factors are time and money. QuickBooks Financial Software can help you get the most out of both. Whatever industry you are in, there is a solution for your system to run your business more efficiently and productively. It is completely custom made to meet your business needs. As your business grows and changes, so do the solutions. At the end of the day what matters is how much money you have spent and what revenue was generated. For that reason, a reliable platform that can track your financial flow is a must. It is fundamentally crucial to choose the right software for your POS System. Why not go with a strongly recommended and widely used accounting software known around the world, such as QuickBooks Financial Software? Your business will thank you.