Starting a small business is tricky enough, let alone stressing over your point-of-sale and bookkeeping. Thankfully, our friends (and cloud accounting experts) at QuickBooks Online have integrated their powerful accounting software with Square, helping your save time and run your business easier.
Here are seven ways the Sync with Square integration helps streamline your business accounting:
1. Run Your Business on the go
Sometimes you need to respond to client needs and take your show on the road. Square gives you a powerful, mobile point-of-sale wherever you go, which links to your accounting software for simplified bookkeeping. Process card payments and send invoices anywhere with Square, without having to go back and manually input data when you’re back in the office.
2. Streamlined with Cloud Accounting Software
Square Reader and the Point of Sale app creates itemised data, from product and service items to pricing, discounts and GST amounts, which all flows through seamlessly into your Quickbooks Online accounting software. This minimises data entry and keeps your accounts accurate.
3. Know where your business stands, anywhere and anytime
Businesses can run smarter when they can make informed decisions, driven by insights. QuickBooks Online gives you reporting features such as Sales by Product or Service Detail, and Sales by Product or Service Summary—both which help you get better business insights.
You to keep tabs on all your transfers, payments, refunds and fees, as these are matched against your bank statement, all from one convenient location.
4. Free to Connect with QuickBooks Online
Already using QuickBooks Online or accepting card payments with Square? The good news is it doesn’t cost anything to connect the two platforms.
5. Save Time on Your Accounting
An automatic daily sync of transactions saves time on manual data entry by importing transactions processed with Square into Quickbooks Online. Best of all, for busy mobile businesses, the Quickbooks Online app allows you to complete your accounting tasks from anywhere.
6. The Future is Cloud
Small business owners are turning to the cloud to give them flexibility and mobility. Cloud-based solutions like Square and QuickBooks Online give you access to real-time feedback on business performance in a few simple clicks. Using Square in partnership with Quickbooks Online makes accepting card payments simpler, not to mention a better customer experience.
7. Improve business efficiency
Ready to start running more efficiently? The Sync with Square integration imports all of your transactions made with Square to QuickBooks Online as invoices. Every payment collected is detailed in QuickBooks with a line item breakdown of income, GST, fees and refunds, making bookkeeping a breeze.
Mobile is the future, and mobile point-of-sale solutions are a big part of that future for small business owners. Partners like Square and QuickBooks Online will help set your business up successfully for this new world.
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