Risky Business: Skating On Thin Ice with Your POS Software

In honor of the 112th anniversary of Frank Zamboni’s birthday (and the abnormally frigid temperatures in L.A. this month), we would do well to cure the cabin fever and consider ways to avoid the pitfalls of skimping on POS software.  One of the biggest mistakes new business owners make is to not consider building their restaurant or retailer around their core financial software, that consisting of POS software and accounting software.

A financial foundation

A good analogy for choosing your POS software is the concept of choosing a bank. Ask yourself — why do the majority of Americans choose to bank with only four major banks (Bank of America, JPMorgan, Citi, and Wells Fargo)? These financial behemoths are consistently ranked in reputable polls as four of the most despised companies year after year, yet most would answer that they’ve chosen these banks because they provide a central location for checking and savings, perhaps a credit card if you need it, and are supported internationally by a multitude of people and branches.

Where is your data going?

It’s worth asking the same question phpaide.com with respect to your business, whether restaurant or retailer, in choosing the most optimal POS software. Specifically, it’s worth asking this question about your accounting integration. Obviously if you’ve opened a business you already know that your point of sale is imperative to your daily functionality. But do you know exactly where your data is going? You should expect the same centralization and support from your POS software and accounting software as you would from your bank, without the hassle and with better customer service.

AccuPOS is the only provider on the market that seamlessly integrates with QuickBooks, Sage 50, and Simply Accounting while synchronizing accounting and inventory. This means that your assets, expenses, and balance sheets won’t have to be calculated separately. So what, in sum, does this mean for your business?

  • Bank reconciliation with no discrepancy between your accounting statement and your bank statement.
  • An untold amount saved in bookkeeping costs.
  • Line-item detail.
  • Integration with web orders, time and attendance, CRM, and newsletter distribution.

 

It’s well worth starting to build your business by using POS software with a back end supported by many than by skimping and using two separate systems. After all, you probably wouldn’t use BofA if you had to go to two separate locations to deposit and withdraw money, would you?