This article is brought to you by Vend Pty Ltd, ACN 160 994 589 (“Vend”).
With the coronavirus pandemic bringing uncertainty to retail across the globe, having your financials in check is now more important than ever. Using your time now to streamline your bookkeeping will free you up to make the right decisions on where to take your business going forward.
As someone running a retail business, we’re sure you already know full well how important it is to have a point of sale system that can connect with your accounting software. From syncing orders, sales, and payments, to organizing your financial data, doing business as a retailer is much more efficient if your POS and accounting system can “talk” to each other.
This is where Vend comes in. Vend is a cloud-based retail productivity and intelligence platform that lets retailers run their business in-store, online and on-the-go. And when connected to a robust accounting solution like QuickBooks, you can gain a better understanding of your financials and streamline your operations.
Here’s some good news: Vend recently rolled out a number of improvements to its QuickBooks Online integration. With these changes, recording sales, purchases, liabilities and expenses will be automated and seamless, which means you can spend your time focusing on the more important parts of your business during this period.
What’s new with Vend
Automatic sync of “On Account” sales
Vend now sends all of your “On Account” sales and payments to QuickBooks automatically, saving you from having to enter your account sales manually and reducing human error. This makes syncing outstanding balances much simpler, and you don’t have to make manual adjustments whenever customers make payments.
Just process the transaction in Vend, and you’ll be good to go.
Keep purchase order bills in sync
Purchasing stock just got a whole lot easier too. You can now sync your purchase order bills directly into QuickBooks with a click of a button, so there’s no need to enter bills manually every time you make an order.
Automatically keep your liabilities in check
Say goodbye to manual calculations. You can now sync all store credit and gift card payments into QBO as liabilities, helping you automate your accounting and saving you hours of time.
Get started with Vend and QuickBooks Online
Ready to implement Vend and QuickBooks Online in your business? You can set everything up in minutes. Head to the QuickBooks app marketplace to learn more.
The QuickBooks Online add-on is included with all Vend plans, and you can take a free trial to see how everything works. If you’re a retailer considering Vend, register your interest here and a retail expert will be in touch.