QuickBooks POS is a versatile point-of-sale solution that businesses can use for credit payment processing, sale and inventory management, loyalty program management, bills management, employee and time tracking, and much more. Intuit QuickBooks is well known when it comes to general accounting for small business, so if you’re a small retail business you should check out this point-of-sale (POS) option from the same company.
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About QuickBooks Point of Sale (QuickBooks POS)
QuickBooks Point of Sale is a retail point of sale system suitable for various small businesses such as clothing and shoe stores, small franchises, sporting goods stores and gift shops. It offers inventory and customer management tools, merchandise planning and a tablet-compatible POS. Cloud-based and on-premise deployments are available.
QuickBooks Point of Sale provides standard point of sale features such as payment and return processing along with inventory management. This allows users to keep track of inventory, monitor items that are close to selling out and place orders for items that need to be restocked. The system also saves customer data to help users track purchase history and buying behavior.
QuickBooks POS Pricing
QuickBooks POS has three one-time purchase options:
Each license is valid for one user, and includes inventory management, payment processing, integration with QuickBooks, basic or advanced reporting (depending on the type of license), and tracking customer data among others. Hardware purchases are made separately.
QuickBooks POS Features
All of the POS plans allow you to easily manage inventory. When you use QuickBooks POS with an integrated QuickBooks Payments account, your inventory will update automatically when you make a sale. You can track inventory both incoming and outgoing, include pictures of items in the inventory tracking, customize price tags, generate purchase orders, and import vendor information from Excel.
Store & Forward Mode
QuickBooks POS also offers the ability to suspend transactions and return to them later, or to accept payments when your internet connection is down and submit them when you a connection is available. This is particularly useful in situations where customers don’t have cash and would otherwise be turned away or given a free order due to systems being down.
Staying on top of what’s happening is easy with an online dashboard that is accessible from any internet-connected device. You can check in on sales, inventory, or employee data, update pricing information, and more. Sales reports include best and worst selling items, most commonly returned items, item summaries, and payment method summaries.
The Pro and Multi-Store plans also include features related to employee management. You can track employee hours, send timecards to QuickBooks to process payroll, and track commissions by salesperson.
Pro and Multi-Store Features
In addition to the features the Basic plan offers, the two higher priced plans (Pro and Multi-Store) offer additional capabilities. That includes options like promotional pricing for specific items, tracking vendors, customizing price tags and customer receipts, automatically generating purchase orders when inventory reaches a set level, a shipping manager solution to ship and track packages, and update pricing across departments.
QuickBooks is PCI DSS compliant for business and customer security. PCI DSS compliance includes requirements to install and maintain firewalls to protect card data, encrypt data for transmission, use current anti-virus software, regularly test security systems, and more.