How Integrating Your Point of Sale Will Improve Your Business
When using a furniture Point of Sale solution that is separate from your accounting software, you may not realize just how much extra time and manual work you are making for yourself! There are several advantages to using integrated accounting software that can help your business achieve efficiency and accuracy. Leading solutions are able to update your receivables, payables, and general ledger automatically based on the transactional information you capture at the POS… without any additional data entry.
Here are some of the many benefits that can empower your retail store:
You don’t have to worry about mapping account numbers or making sure two different programs are communicating properly. Data entry instantly converts to your general ledger account. This digital conversion eliminates any chance of human error.
At the time a transaction is processed, all information is updated instantly through a back-end process. This means posts are made as soon as a sale, inventory receipt, payment or deposit is completed – without any lapse of time.
Drill Down Analysis
When your source of data entry is connected to your accounting system, you have complete transparency. You can drill down from your general ledger entries into transactions like invoices, receivables, inventory adjustments, and payments, making it easy to audit information.
Your accountant can quickly run live reports by each account, store location, product grouping and more. This includes tools to balance credits and debits across your accounts.
Never worry about updating your software again. When your accounting is part of your entire retail solution, you can keep your technology up-to-date without worrying how updates will impact your data integrity.