The Benefits of QuickBooks Point of Sale Multi-Store
You might run a brick-and-mortar retail store or multiple online businesses, such as an ecommerce and a marketplace shop. If so, you might experience the challenge of reconciling your different accounting systems and keeping track of cash at each location to avoid overspending and losing money. In other words, you run multiple locations with their own checkouts, storage areas, and point-of-sale software.
Let’s say that instead of having separate POS systems for each store, you want to integrate your stores’ data into a single system. This QuickBooks POS Multi-storefeature can help you achieve that goal by making it easier to manage inventory across your locations and reduce the amount of time it takes to reconcile your accounting records.
What is QuickBooks Point of Sale?
You may better manage inventory and cash flow across several locations by implementing point-of-sale (POS) systems. You are able to maintain inventory across stores, provide data on sales and inventory levels, print receipts and labels, and do much more. In order to take use of this functionality, you will first need QuickBooks pos Multi-store setup.
After you have brought your QuickBooks software up to date, you will be able to synchronise inventory data from the software used at your various locations and store locations. After that, you’ll be able to generate reports depending on the information included in your inventory. You may also track cash at your outlets by importing transactions from your bank and creating reports that help you track your profit and loss from your business.
How to Manage Multiple Stores in QuickBooks Point of Sale
You can utilise QuickBooks Point of Sale to handle several locations, each of which may use a different point-of-sale application, if you have multiple stores. You are able to track cash at your stores, sync inventory data from various locations, create reports based on the data you have collected from your inventory, and more. To begin, you’ll need to install the most recent version of the QuickBooks software on your computer.
After that, you will be able to link your software by utilising the sync function. After you have brought your QuickBooks software up to date, you will be able to synchronise the inventory data from your various store locations and the software used at those store locations. After that, you’ll be able to generate reports depending on the information included in your inventory. You may also track cash at your outlets by importing transactions from your bank and creating reports that help you track your profit and loss from your business.
Get Started with QuickBooks Point of Sale
If you’re ready to get started with QuickBooks Point of Sale Multi-store, the first thing you’ll need to do is select the pricing plan that best suits your needs. For instance, if your company employs 50 or more people, you should probably go with either the Pro or the Enterprise plan. You can get started with the Essentials plan even if you own a small business of your own. On the screen of the QuickBooks point-of-sale system, click the button labelled “Add New Store.” You will be required to enter the information on the store, which will include the store’s name and location, the account code, and the specific name for the register at the store.
Sync with Accounting Software to Store Data in Multi-Store
The synchronisation of inventory data is the first step in the process of integrating the data from your stores into QuickBooks Point of Sale. You have the ability to synchronise data from your various locations, such as your own software and a cloud service, as well as from an external service, such as an inventory app or the online service provided by your bank. After you’ve successfully connected your software, you’ll have the ability to generate reports using the data from your inventory. You may also track cash at your outlets by importing transactions from your bank and creating reports that help you track your profit and loss from your business.
Connect Smartphone or Tablet to Sync Inventory and Accounting Data
If you run a business with mobile devices, such as a shop that accepts orders through a mobile app, you can sync inventory data with QuickBooks Point of Sale. Simply connect your device to QuickBooks and choose your device as the source for inventory data. With mobile devices, you can also create reports based on your inventory data, track cash at your stores, and more.
Integrate Inventory and Receipt Printers for Real-Time Transactions
You can incorporate a separate receipt printer for each store location into your QuickBooks Point of Sale system if you already have the necessary hardware. You have the ability to generate receipts and labels for your consumers whenever you make a transaction or sell products. These can include all of the relevant information from your inventory, including the quantity of the item being sold.
Now, the automated receipt printer at the cash register will automatically pull up the item’s inventory data and its price whenever a customer takes an item from the shelves of your business. You won’t have to remember how many of each item is stocked in each of the stores if you do it this way. This not only means that you can easily keep track of inventory in your other sites, such as a warehouse or distribution centre, but it also means that you can easily move merchandise between locations.
Final Words
If your business has more than one location, you might find QuickBooks Point of Sale helpful in managing your inventory across your locations and reducing the amount of time it takes to reconcile your accounting records. After you have brought your QuickBooks software up to date to a more recent version, you will be able to synchronise inventory data from the software used at your various locations and retail locations. After that, you’ll be able to generate reports depending on the information included in your inventory. You may also track cash at your outlets by importing transactions from your bank and creating reports that help you track your profit and loss from your business.
