5 Reasons to Integrate Accounting Systems with Your POS [List]
5 Reasons Successful Businesses Integrate Accounting Systems with Their Point of Sale
Point of sale (POS) platforms changed the way businesses around the world operate. Business owners are no longer using traditional methods to track their daily revenue, but instead turning to the POS to automate and manage their operations. Capable of a range of functions in addition to revenue tracking, POS solutions also allow businesses to access data concerning payments, labor, and business performance.
Revel Systems—a cloud-based iPad POS and business management platform—offers accounting integrations and custom reports designed to make the lives of business owners easier. Integrations give operators the ability to combine Revel’s POS solution with external accounting packages, like Xero, QuickBooks, and MYOB, saving them time and money.
Here are just a few reasons successful businesses integrate accounting systems with their POS solutions, like Revel:
1) Streamline bookkeeping and accounting operations
Accounting integrations allow you to sync data such as sales, timesheets, inventory, and more. These metrics flow seamlessly from Revel’s POS to your accounting package, freeing you from manually sifting through documents or worrying about the “human error” factor during data entry. Enjoy the peace of mind that your data will accurately and automatically sync between your POS and accounting package.
2) Analyze business trends with custom reports
Do you need to quickly and easily analyze trends for multiple establishments in one place? Revel’s custom reports integration automates spreadsheet compilation, making your data easily accessible. You can export data from your POS and choose from a wide array of formats, getting as detailed or as high-level as you prefer.
3) Save hours of work with automation
Efficiency is key to a successful business. Manage all your data through your POS and let your accounting integration do the magic for you. Automation will give you accurate data and product information at your fingertips, saving you time and energy for other areas of your business.
4) Better manage employee time
Configure your employee time management process so that payroll data loads directly into your accounting software. You’ll be able to more closely monitor when employees clock in and clock out and identify times when you can optimize your labor for additional cost savings.
5) Sync with vendors
Synchronize vendor account and purchase order information for easy bill payment and budgeting. You’ll limit the time you and your employees spend trying to gather the necessary numbers. When businesses integrate accounting systems with their POS, operators can direct their data to flow directly to the accounting software or to a custom report.
Accounting integrations are powerful, drastically reducing inaccuracies in data around revenue. Accurate revenue data is paramount, as it impacts the way business owners and accountants make important decisions. Leave the data flow to automated processes, which will guarantee data sharpness, and free you to focus on what you do best: selling.
As an integration partner with Revel, Amaka delivers official, five-star rated, integrations with Xero, QuickBooks, MYOB, and more. Contact Amaka or your Revel account manager to start syncing your data today.