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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.
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.
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.
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
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.
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.
1. QuickBooks Desktop Point of Sale 18.0 integrates with QuickBooks Pro/Premier 2015-2018 and QuickBooks Desktop Enterprise 16.0-18.0. Sold separately. Payment reconciliation works with QuickBooks Pro, Pro Plus, Premier, Premier Plus, or Enterprise 16.0 and later. User must have QuickBooks Desktop Point of Sale 12.0 or higher, Quickbooks Desktop 2016 or higher, and a Point of Sale Payments account in order to use payment reconciliation.
2. QuickBooks Point of Sale Payments account subject to eligibility criteria, credit and application approval. See Important Info, Pricing, Acceptable Use Policy and Merchant Agreement. Terms, conditions, prices, payment, features and services are subject to change.
3. QuickBooks Desktop Point of Sale 18.0 software is EMV ready. EMV Compliance requires (1) a QuickBooks Point of Sale Payments account, (2) QuickBooks Desktop Point of Sale 12.0 or 18.0 software, (3) internet access or modem and phone line (sold separately), (4) an EMV ready Ingenico iPP350 PIN Pad (sold separately), and (5) printer (sold separately). NOTE: EMV chip debit cards can only be processed as PIN debit transactions using the magnetic stripe card reader or as credit transactions using the EMV card reader at this time. This EMV Ready PIN Pad is currently unable to process EMV chip debit cards as PIN debit transactions using EMV card reader. QuickBooks Point of Sale Payments account is subject to eligibility criteria, credit and application approval. See Important Info, Pricing, Acceptable Use Policy and Merchant Agreement.
4. QuickBooks Desktop Point of Sale 18.0 integrates with QuickBooks Pro/Premier 2015-2018 and QuickBooks Desktop Enterprise 16.0-18.0. Sold separately. Payment reconciliation works with QuickBooks Pro, Pro Plus, Premier, Premier Plus, or Enterprise 16.0 and later. User must have QuickBooks Desktop Point of Sale 12.0 or higher, Quickbooks Desktop 2016 or higher, and a Point of Sale Payments account in order to use payment reconciliation.
Terms, conditions, pricing, features, service, and support options are subject to change without notice.