Benefits to Having Payments Integrated with Your Point of Sale
Whether you’re about to open your shop for business for the first time or already have a solid foundation in the community, a seamless checkout process is crucial to a positive customer service experience.
QuickBooks Point of Sale seamlessly integrates with QuickBooks Payments1. This integration means you can accept credit and debit card and automate banking and bookkeeping. Here’s a more detailed look at some of the reasons automated payments integration is the smart choice for small business owners
You can take credit and debit cards
When you sign up for a QuickBooks Payments account2, your point of sale software is automatically set up to accept credit card and debit cards. The software will automatically capture transactions, approval code, type of card and credit card information for each transaction you make.
QuickBooks Point of Sale’s integrated payments processing capability is at its full potential when paired with QuickBooks Payments. Various optional accessories like a credit card reader and EMV PIN pad can further streamline transactions (sold separately)3. These accessories can also offer you the deep discounts on processing.
You can accept EMV payments
Adapting to EMV chip cards has been one of the most challenging feats for small business owners. Long lines and chargeback issues are just two of the problems merchants faced following the October 2015 changeover to chip cards. The latest version of QuickBooks POS for Desktop is specifically designed to accept EMV chip card payments3.
You don’t have to enter data manually
By taking payments directly from your POS software, you get to bypass manual data entry, saving time and labor and avoiding the hassle of double-data entry errors. If you use QuickBooks as your accounting software, your sales data will also automatically sync with your bookkeeping data.4
Your processes are automated
Another way integrated POS payments can save you bookkeeping time is by automating your inventory management. QuickBooks POS lets you categorize inventory items by department, manage vendors, and create multiple price levels for products, which can be useful if you want to offer discounts to repeat customers, for example. You can even manage inventory for multiple store locations from your central headquarters.
In addition to inventory management, when QuickBooks POS, Payments and accounting software get together, magic happens. You can automate everything from invoicing customers and performing banking activities to creating financial reports.
Your sales tax calculations are integrated
Set sales tax rates for automated sales tax calculation. The POS setup process lets you set sales tax rates as well as specify which agency your tax payments should go to. If needed, you can set additional sales tax options in your company preferences. Create tax codes based on what merchandise is sold, and specify tax locations to use different instructions for each code based on where merchandise is sold or where a customer is located.
Together these benefits help make QuickBooks Desktop Point of Sale 18.0, a POS solution of choice for smart small business owners.
- Point of Sale