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Call Now (MENAFN- GetNews) Most business professionals and accountants have heard of QuickBooks by Intuit even if they haven't used it. QuickBooks has been the top-selling accounting software for small- to medium-sized businesses for years, and for good reason. According to realtimecampaign.Com, up to 80% of companies use the software in some form. What many people don't realize is that QuickBooks does much more than reconcile a company's balance sheet. Click here, and take a look at this article:“QuickBooks Desktop 2022 Features Key Updates .” Organization and Management of Wholesale Orders In QuickBooks, the online ordering system helps business owners manage and organize their wholesale orders. The online order interface allows team members, sales representatives, and others to place orders at all hours, and back-end systems are automatically updated. Refer to the instructions linked here to learn how to get QuickBooks' order management system up and running. Reminders and Tips for New Software Users QuickBooks also provides helpful reminders and tips upon startup. Unfortunately, after these pop-ups are read and acknowledged, they may never appear again. To bring them back, click the appropriate option in the general preferences area of the main menu. This feature is particularly helpful for new team members who haven't yet used QuickBooks. Multiple Product Listing If interested in selling new products with similar identifying information, QuickBooks allows one to add them in batch mode. Click the“Lists” menu and then choose“Add/Edit Multiple Entries.” Customized Reports The QuickBooks software also provides numerous reports, many of which business owners won't even use. Rather than modifying reports after they're generated, just select the prompt option under the report preferences menu. Then, one will be able to customize reports before they're created. Several Versions Are Available In the past, there was just one QuickBooks version, and its functions were generic. Today, there are a few versions, each being customized to suit different businesses' needs. The software comes pre-loaded with the forms and reports needed. Crucial System Integration QuickBooks now integrates with dozens of other business apps. Users can import data from sales, contact management, online ordering, and other applications. Find available integrations by visiting QuickBooks' app store. A Mobile App for Busy Owners The free QuickBooks mobile app provides access to the software's most popular functions on the go. One will be able to accept payments, view customers' information, manage receipts and invoices, and process transactions, among other features. Adding Credit Card Accounts Most QuickBooks users know they can add checking accounts and perform most online banking functions. However, fewer users know that, no matter which version of the software they're using, they can also add credit cards. Furthermore, there's no limit to the number of credit cards that can be added. QuickBooks: A Complete Package for Business Management QuickBooks is a comprehensive way to manage business finances, but most users barely scratch the surface of what the software can accomplish. If one's thinking of subscribing to a service or purchasing a business management app, QuickBooks may provide the functionality needed at a low cost. With QuickBooks accounting software and setup assistance from Fourlane , owners of the small, medium, and large businesses can get more done in less time. MENAFN20102021003238003268ID1103009752 Legal Disclaimer:MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.New survey data released today from Intuit (News - Alert) (Nasdaq: INTU) QuickBooks reveals that 93% of U.S. Shoppers say supporting small businesses this upcoming holiday season is more important than ever because of the pandemic. Furthermore, nearly half of consumers (48%) are more likely to try new businesses than they were pre-pandemic, presenting a large opportunity for retail-based small businesses looking to maximize their holiday sales. In addition to the newly announced data, QuickBooks also launched its first QuickBooks Holiday Shopping Guide, a curated list of small businesses ideal for any shopping list this holiday season. The QuickBooks Commerce Small Business Shopping Report highlights data on consumer shopping attitudes toward small businesses. The survey of 2,000 U.S. Adults underscores the fundamental shift in consumer shopping behavior as a result of the pandemic - shedding light on both the opportunities and challenges ahead for small business owners, particularly with the holiday shopping season approaching. Despite consumers' overwhelming support of shopping small, small business owners need to remove barriers that prevent shoppers from actually making a purchase. Having an online presence that not only aids in the discovery of the business but also drives sales is more critical than ever. Nearly half (48%) of the consumers surveyed stopped shopping at a store they visited before the pandemic because the business didn't have an online store. Additionally, 53% have considered using a business, but changed their minds because the business did not have a website. Other key findings of the research include: Consumers value convenience. Nearly half (44%) of consumers enjoy online shopping because they don't need to leave the house, and around a third of consumers like online shopping for the ease of finding products (33%), speed of researching and comparing products (32%), and as a result, finding the most affordable option (31%). Technical and shipping issues frustrate consumers. 83% of online shoppers have experienced technical issues at least once or twice while shopping or browsing on small businesses' websites, posing a threat to sales conversion. Furthermore, shipping is the biggest challenge for about 29% of consumers who have shopped with small businesses online, particularly high shipping costs (22%). Consumers want the best of both worlds. For 56% of consumers, their shopping journey often involves both online and in-person channels, known as "omnichannel shopping." This means a majority of consumers are either looking at products in-store and then purchasing online, or finding products online and then buying them in store. "Our research shows that consumers want to support small businesses, but they often aren't able to provide consumers with the online shopping experience they've come to expect, missing out on potential sales," said Shilpa Reddy, Vice President of QuickBooks Commerce at Intuit. "We introduced QuickBooks Commerce to help small businesses break the barrier of selling online, while being able to expand to other channels, so that they can adapt and thrive to the omnichannel shopping experiences consumers demand." Intuit launched QuickBooks Commerce in 2020 to help businesses manage the business and operational complexities and meet consumers' desire for "omnichannel shopping" that includes across multiple channels. The offering allows businesses to better manage products, orders, inventory and fulfillment across multiple online and offline sales channels, so they can expand their customer base by meeting consumers where they are. "As a business owner that sells through multiple channels - direct to consumer, wholesale, Amazon - ensuring that we have one place to manage all of our inventory and sales is critical, especially leading up to a busy holiday season," said Craig Zucker, founder of Speks. "Managing our inventory and fulfilment across all sales channels while also integrating seamlessly with our accounting system through QuickBooks Commerce gives our small team more time and resources to focus on expanding our customer base and developing new tactile products to make the world a happier, more creative, and more productive place." Introducing the QuickBooks Holiday Shopping Guide This holiday season, Intuit is making it easier for consumers to shop small through a curated small business guide to help shoppers find creative, bespoke holiday gifts. The QuickBooks Small Business Holiday Shopping Guide allows shoppers to find and support small businesses from around the country. The range of QuickBooks customers and products spotlighted in the gide showcases the innovations and ingenuity of American entrepreneurs. The QuickBooks Small Business Holiday Shopping Guide features a range of inspiring entrepreneurs who offer unique gifts: Fashion: Food and Beverage: CocoTutti - handmade, artisanal sweets and chocolates Barred Wood - environmentally sustainable maple syrup Corner 103 - limited-product, award-winning wine Embrew Tea - naturally sweetened loose leaf grade teas Girl Meets Dirt - heritage preserves for sweet and savory pairings Work From Home: Kids and Pets: Tailgating: Small Business Resources to Support an Omni-shopping Experience Beyond the QuickBooks platform's products and services designed to help small businesses grow and thrive, there are a range of online resources from the QuickBooks Resource Center to help small businesses prepare for the holiday shopping season: About Intuit: Intuit is a global technology platform that helps our customers and communities overcome their most important financial challenges. Serving approximately 100 million customers worldwide with TurboTax, QuickBooks, Mint and Credit Karma, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit, our products and services, and find us on social. The QuickBooks Commerce Small Business Shopping Report was conducted by Wakefield Research among 2,000 nationally representative U.S. Adults ages 18+, between July 28th and August 4th, 2021, using an email invitation and an online survey. The data has been weighted to ensure reliable and accurate representation of U.S. Adults ages 18+. View source version on businesswire.Com: https://www.Businesswire.Com/news/home/20211021005343/en/ [ Back To TMCnet.Com's Homepage ]If you're in the market for a point-of-sale system, you've almost certainly heard of Square. This affordable POS is easy to use, affordable and highly customizable for several different retailers and professional services. You may also be familiar with QuickBooks, which offers a POS system that integrates well with QuickBooks Desktop accounts. This system may be a good choice for a specific group of business owners who prefer locally installed software on their computers instead of relying on a cloud-based system. Here's what you should know when comparing Square to QuickBooks. Square vs. QuickBooks: Head-to-head comparison Square’s basic plan is free. Alternatively, you can upgrade to a Square Plus plan for $60 per month per location with additional fees per additional POS device. You can also opt for a custom-priced Square Premium plan. One-time fees for the following versions: POS Basic: $1,200. POS Pro: $1,700. POS Multi-Store: $1,900. In-person transactions: 2.6% plus 10 cents. Online transactions: 2.9% plus 30 cents. Manual transactions: 3.5% plus 15 cents. Point-of-sale transactions: Pay-as-you-go plan — $0/month plus: Swiped transactions: 2.7%. Keyed transactions: 3.5%. PIN debit rate: 1%. Monthly plan — $19.95/month plus: Swiped transactions: 2.3% plus 25 cents. Keyed transactions: 3.2% plus 25 cents. PIN debit rate: 1%. Mobile transactions via GoPayment app: Pay-as-you-go plan — $0/month plus: Swiped transactions: 2.4% plus 25 cents. Keyed transactions: 3.4% plus 25 cents. PIN debit rate: N/A. Monthly plan — $20/month plus: Swiped transactions: 1.6% plus 25 cents. Keyed transactions: 3.2% plus 25 cents. PIN debit rate: N/A. - Magstripe reader: Free. - Contact-free reader: $49. - Contact-free iPad stand: $169. - Square terminal: $299. - Square register: $799. - Hardware bundle: $900 including cash drawer, receipt printer, PIN pad and wired barcode reader. (Windows tablet sold separately.) - Mobile card reader: $49. Requires the free QuickBooks GoPayment app. - Tag printer: $329. - Universal tablet stand: $119. Free users: Support available between 6 a.M.-6 p.M. PT. Paid users: 24/7 phone, email, live chat and social media support. Online chat support available Monday to Friday, 6 a.M. To 6 p.M. PT. Support calls require paid plans: $79 per month, $589 per year, or $59.95 for a one-time support call for a single issue. Why Square stands out Square is one of the most popular point-of-sale systems on the market, used by more than 2 million businesses worldwide. NerdWallet's 2021 choice for best overall POS system, this popular solution offers many valuable features, accessible customer support and a mobile-friendly interface that's easy to set up and use. Industry-specific features Square offers a free basic plan that's robust enough to support many small businesses. Merchants looking for a little bit more functionality can upgrade to paid plans with more functionality and 24/7 customer support. Retailers and restaurateurs will particularly appreciate some industry-specific features. For example, the retail-specific version of Square Plus lets business owners manage vendor relationships, inventory, process returns and exchanges, in addition to other features. Restaurant owners can utilize another customized Plus plan that shows floor plans, timing for multi-course meals, alerts for open tables, kitchen reporting and several other crucial features for eateries. Square is also compatible with food delivery software that may already be in use. All Plus plans include 24/7 phone support, which can be helpful for emergencies or general learning purposes. Low costs upfront Square is an excellent choice for restaurants, cafes and retail and professional services businesses that value straightforward pricing and transaction fees. And merchants that can use Square's free magnetic stripe card reader don't have to purchase additional hardware to process customer transactions via Stripe. In contrast, QuickBooks POS may not be the best fit for many restaurants, bars and coffee shops because the system does not offer restaurant-specific reports. Instead, business owners who want this functionality will have to research and install third-party software that integrates with QuickBooks POS to generate these reports. Better customer support Square offers complimentary customer support via phone, chat, email and social media for all merchants. Users on free accounts can reach out for help between 6 a.M. To 6 p.M. PT, while customers on paid plans have access to 24/7 support. Meanwhile, QuickBooks makes it clear that customers are meant to be self-sufficient after purchasing the POS. While chat support is available for free, QuickBooks POS clients will need to pay a steep fee for phone-based customer assistance: $79 per month, or $59.95 for one-time help on a single issue. Ease of use: Mobile-friendly, compatible with many devices Square's multiple options for payment processing work well for various business situations. You'll get paid whether your customers swipe or dip their cards at a brick-and-mortar location, or you manually key in their card information at a food truck pop-up on the beach. Meanwhile, the QuickBooks POS system is clunkier. The POS usually runs on tablets running on Windows 10, which you'll have to purchase separately from Intuit's hardware offerings. If you want to go mobile, you can buy a separate mobile card reader and link it to your QuickBooks POS to process transactions that sync directly into your accounting books. Payment processing Square and QuickBooks are relatively equal when it comes to transaction and payment processing. Both brands process their payments from end to end instead of outsourcing to a third party, and transaction fees are within the same range, although some Square rates skew slightly higher. Why QuickBooks POS stands out If you already use QuickBooks Desktop to manage your books, you may appreciate QuickBooks Desktop POS, which syncs your sales, inventory and customer data directly into your accounting records. (You can make the POS sync with QuickBooks Online, but it isn't a guaranteed process.) Direct integration with QuickBooks Desktop accounting software This feature may offer the strongest draw for current QuickBooks users. However, QuickBooks POS only links directly to the desktop version of this popular accounting software program. If you want to link your QuickBooks POS to QuickBooks Online, you'll need to use a third-party application to connect the two systems. One-time fees instead of monthly payments QuickBooks POS is a good option for business owners who prefer paying once instead of making monthly payments. You'll pay a flat fee for your POS software plan, tiered depending on the functionality you need. You'll also pay for each complementary piece of equipment you need, such as a mobile card reader, cash drawer and barcode scanner for every checkout point that needs one. In this way, calculating your upfront expenses can be very straightforward. If you choose to use QuickBooks Payments to process payments, you can select from a pay-as-you-go model or pay a low monthly fee for slightly discounted transaction rates. Square vs. QuickBooks: Which one is right for your business? Square is a great option for business owners who want a single solution for point-of-sale transactions and payment processing. The system allows you to try it out with no financial commitment beyond paying individual transaction fees. At the same time, the system can adapt and expand with you as your business grows. QuickBooks can be a good fit for small businesses outside of the restaurant industry who want a POS system that integrates well with the desktop version of QuickBooks accounting software. But outside of that specific profile, most business owners would do well to consider Square over QuickBooks POS.
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