Category Archives: quickbooks

quickbooks POS

POS Solution

Quick Service
Plexis POS is designed for the Fast food, quick serve Liquor stores operators,Remote or Kitchen Printer
Kitchen Video Display (KDS) Caller ID (Multi-Line).

Credit Card Sales

With the QuickBooks POS system, you and your employees can ring up cash, check and credit card sales quickly and accurately every time. Plus, QuickBooks POS solution supports gift certificate sales, redemptions and customer charge accounts.  The experience your customer has at your store is affected tremendously by what happens at checkout. And since we now live in the era of drive-through, convenient in-and-outs, and even one-click purchasing on the Internet, the expectation from the customer is this: speedy checkout. No waiting. No mistakes. You have to ensure you and your checkout employees can ring up sales quickly and accurately, first-time, every time.  

Equally important is your store’s ability to accept cash, check and credit card transactions. With the QuickBooks POS system, you can ring up any of those transaction types using your computer. You can scan bar codes for instant item entry. And the cash drawer opens automatically, as the receipt printer cranks out a receipt for the customer.  QuickBooks POS system can also save time that you or your store manager may have to spend on reworking sales-related mistakes made by employees. Rework can consume a big part of the day for managers and owners alike. To keep rework to a minimum, some retailers provide incentives for salespeople who show high accuracy rates and provide clean transactions at checkout.  

Accepting credit cards is an integral service that every customer now expects from retailers. But cash register owners probably find that credit card processing can bring the checkout line to a halt. With a POS, you can process credit cards with one swipe and reduce the time-consuming, error-prone process of approving credit card purchases.  With QuickBooks POS, you just run your customer’s credit card through your POS card reader, and the rest of the process is automatic. QuickBooks POS Merchant Service, a fee-based service, can authorize the sale. The card number and authorization code are entered into the transaction record, and a receipt is printed for the customer’s signature. It’s a foolproof system.   

Checks at check-outWhile some stores and urban shops are small enough for the owners to run and manage checkout, most stores use clerks to ring up sales at least part of the time. A proprietor is always careful while ringing up sales, but a clerk may not be as diligent about handling exchanges and transactions. So make sure that your checkout process is secure, bulletproof and foolproof and your clerks know what to do to maintain speed and accuracy.   With QuickBooks POS system, you can flag a customer with a “Do Not Accept Checks” note. If a customer is flagged, the POS system will not allow a check sale. However, the owner or manager of the store can override the setting if appropriate. This is a great safeguard for your business that may help prevent unknowing clerks from accepting bad checks from customers.  Finally, if your store accepts checks, be careful but not suspicious. Bad checks can cause serious problems for small businesses. With each check you accept, you or your clerks should confirm: ·         The identity of the customer with a picture ID, such as a driver’s license·         The amount is correct and the written and numerical amounts agree·         All lines are properly filled in·         The check is legitimate and has the banks’ MICR coding along the bottom·         The date on the check is no more than 30 days old and not dated ahead·         The customer’s signature is legible·         Your store name is legible, if you don’t have a stamp or check-writer tool at your checkout stand.

Determining Effective Pricing Models (Point Of Sale)

Using QuickBooks POS, you can easily customize your product pricing and offer sales and discounts on selected merchandise.

One of the most important tasks for any storeowner is determining effective pricing models for your goods. All too often, storeowners become lax about product pricing and fail to implement pricing policies based on supply and demand economics. This situation can be detrimental to cash flow and could affect your store’s overall profitability. 

Make sure you’re not leaving money on the table. Come up with a flexible pricing policy and evaluate your policy often to see if it is optimal for your particular business. As you modify or update your store’s pricing policy, you should consider: ·         Consumer demand for your products and the price customers are willing to pay for each item·         The implications of deflation in the retail market·         Your competitive position when compared to prices found at other businesses that sell the same or similar goods and merchandise·         The suggested retail price of each item you sell, as provided by your suppliers·         The specific characteristics of your goods, such as shelf life (if your goods are perishable), seasonality, and current trends and styles.  If your store uses a POS system, you can take an aggressive approach to pricing. Not only can you assign specific prices to each item, but also you can assign different price levels for employees, sales promotions, friends, family or any other group you choose. For instance, with QuickBooks POS, you can assign discount percentages by customer. Whenever that customer makes a purchase, the assigned discount is automatically applied. 

You can also use QuickBooks POS to track markdowns. Use the pricing information stored in your POS to determine when you need to implement sales, promotions or discounts. You may find that you need to take markdowns to make room for other merchandise that can be sold faster. Or you may want to mark down items that don’t sell after a specified amount of time.  In fact, some retailers donate excess or hard-to-sell items to charity. Then they can deduct part of their value from their federal taxes. But to know when this strategy makes sense, you have to closely monitor sales of your merchandise.  

Keep in mind that even a 1 percent improvement in price could yield big gains in your operating profit. Don’t let your approach to pricing be random and haphazard. Use effective markup techniques to establish selling prices, and use QuickBooks POS system to monitor your price metrics.  Doing so could help you raise your return on investment (ROI) on inventory, improve your short-term cash flow, and potentially maximize profits. Plus, you can sleep easier at night knowing that incremental sales dollars are not slipping through your fingers every time you ring up a customer.