Category: Retail

The Benefits of Using An Inventory Management System

Having a business where you offer a particular product for sale to the public will require many activities – buying, taking orders, confirming orders, sending orders out, and more. Amidst all these activities, there is a lot of inflow and outflow of cash. This spending and retrieving of money need to be recorded and documented for reference purposes. But people make records of many things in the business, not only money. Raw materials, finished goods, spare parts, machines, and other items used to keep a business running are recorded and stored. This record-keeping is known as inventory management. Inventory management ... Read more

Top 9 Features of QuickBooks Enterprise for Retail Businesses

Running a retail business is about more than simply selling products. Retailers need to stock inventory, price products, manage cash flow, handle payroll and payroll taxes, pay bills and accept credit card transactions. It’s a lot for any retailer to deal with. Fortunately, QuickBooks Enterprise includes many of the features retailers need to run the business successfully. Plus, it integrates with other apps that help, too. Here’s an overview of our favorite QuickBooks Enterprise features for retail. Retail Chart of Accounts Having a proper chart of accounts for your retail business is crucial for tracking where your revenue is coming ... Read more

[Webinar] Ace Cloud Hosting and NumberCruncher Partner to Automate Inventory and Order Management

Inventory management involves a vast spectrum of supply chain cycle, including stock control, orders, sales, deliveries, and more. Inventory can be categorized as anything from items in a small shop to goods in a warehouse. Be it a small shop or retail chains, either case requires accurate inventory management with absolutely no errors. Every business has different inventory management requirements depending on the products they sell and the channels they use. Inventory Management and Order Management requires more than just reordering basic inventory and stock monitoring. Most importantly, it requires automating the processes to eliminate the risk of discontinuity of ... Read more

Top 5 E-Commerce Platforms That Integrate With QuickBooks Desktop

Running and maintaining your e-commerce business isn’t easy. After all, the numbers you achieve at the end of each day matter, which can only be achieved with seamless customer experience, marketing strategies, and your team’s overall effort. Your e-commerce platform is the heart of your business. So, you need a complete business solution – an integration of an e-commerce system and accounting software. But Why Should You Opt For Integrated E-Commerce Platforms? Technology has changed how companies sell their products online. Anyone from any part of the world can be your customer with just a click – this is the ... Read more

Top 6 Features of QuickBooks POS Multi-Store

With most businesses choosing e-commerce to expand, it has become difficult for traditional ‘brick and mortar’ stores to keep up with the changing business environment. There are several internal factors, such as inventory management, customer service, and resource utilization, limiting their growth. How do business owners tackle these issues? QuickBooks POS Multi-Store is a feature-rich retail solution that makes sure you beat your competitors and grow your business. Using QB POS Multi-Store, you can easily handle all your transactions, manage inventory, create customizable sales reports, analyze sales data, and many more. Here are some features of QuickBooks POS Multi-Store that ... Read more

What Hardware Equipment Do You Need to Create a Complete QB POS System?

QuickBooks Point of Sale, also known as QB POS, is a retail solution designed for small businesses such as retail stores, clothing outlets, food chains, and the like. It offers ease while managing inventory and customer orders with a tablet-compatible POS. The solution provides standard POS features such as payment processing along with advanced features such as storing customer data for tracking and analyzing their purchase history and patterns. But what are the system requirements to install QuickBooks POS? System Requirements Operating Systems: Windows 10, Windows 8.1, Windows 7 SP1 all editions including 64-bit, Windows Server 2016, 2012 R2, 2011 ... Read more

10 Conferences Every Retailer Must Attend in 2020

Retail is one of the most rapidly growing industries, frequently transforming with advancements in technology. Staying ahead and being updated with the latest trends is the key to thrive in the fierce competition in the industry and keeping an edge over competitors. If you aspire to ace in the industry, it is always best to learn about new trends and innovations from the experts who are already succeeding. Nowadays, attending conferences, webinars, and events has become an essential routine, which is to be followed by the retail business owners to keep themselves up to date and run their business with ... Read more

Impact of Artificial Intelligence On Retail Industry

The retail industry is in a constant state of transformation. The retailers are attempting to survive the fierce competition in the market and fast-changing customer shopping habits. Retail business owners are investing in cutting-edge technologies, including Artificial Intelligence (AI), robotics, data analytics, and logistics automation, becoming more customer-centric and responsive to demands in the industry. Among these advanced technologies, AI has a significant impact on almost every operation within a retail business. By 2020, retailers are expected to spend $7.3 billion annually on Artificial Intelligence technology. With the help of artificial intelligence and machine learning, retailers can transform store infrastructure ... Read more

5 POS Systems That Are Compatible with QuickBooks Accounting Software

Update: This article was last updated on 20th October 2020 to reflect the accuracy and up-to-date information on the page. A Point-of-Sale (POS) system is an integral part of any retail business. With the advancements in technology, the advanced POS software is now available with great built-in functionalities like multi-stores management, inventory tracking, comprehensive products and information databases, loyalty programs, marketing campaigns building, and many more. With an array of features in a retail solution, some POS systems even offer built-in accounting and bookkeeping capabilities. Still somehow, for a retail business, whether it’s a small or multi-store business, it is ... Read more