Detailed explanation
of the differences between QuickBooks POS and QuickBooks
Premier Retail Edition
products plus buy QuickBooks Point of Sale and QuickBooks
Retail edition at a discount:
Purchase
QuickBooks Point of Sale and
QuickBooks Premier Edition for
Retailers. |
QuickBooks financial software contains
the back end accounting functions needed to complete the
front end point of sale for your company. It contains all the
features of premier
plus customized forms and features to help retailers track and report financial information.
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QuickBooks Point of Sale system includes retail management software that will track all inventory,
sales and customer information for your company.
30 Days of free support with the
purchase of Point of Sale. Expires 90
days after purchase.
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Overview Tour
Comparison Chart
QuickBooks Reports
More Info
Premier Retail
Edition:
QuickBooks Point of Sale will exchange data with:
Pro 2002 -2014
Premier 2002 - 2014
Enterprise 1.0-14.0
For companies utilizing QuickBooks 2002, be sure to update the software to the
latest release.
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Overview Tour
Ring up a sale faster
Customer tracking
Inventory tracking
Comparison
chart
QuickBooks Point of
Sale Module
-
Add customers & vendors
Customer based pricing
& discounts
automatically suggested
at time of sale
Unlimited customer
records, create e-mail
marketing campaigns
Instant retrieval of
customer 2 year
purchase history.
Cashier alerted if
personal cks should be
avoided
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Add &
track inventory items -
reminders to reorder.
Reminders to print new
price tags when prices
have changed (not
available in Basic)
Ability to track an
item purchased from
multiple vendors and
serial numbers (not
available in POS Basic)
Track up to 4 prices
levels per item
Sell fractional
quantities (ex: 1/2
yard of material)
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Employee commission
tracking (Not available
in POS Basic)
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Order/receive
merchandise
Order documents can be
deleted or archived
after items are
received.
Pro level users can set
Point of sale to
automatically suggest a
purchase order based on
reorder quantities
entered into the
inventory record.
(not available in
Basic). PO is then
automatically created
with the click of a
button.
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Ring
up sales & collect
sales tax
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Print
price tags
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Run
sales & merchandise
reports
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Customer Orders
(layaways, sales
orders) (not available
in QuickBooks POS Basic)
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Pro &
Multistore will track a
specific style which is
a group of items
varying only by size,
color, or some other
attribute. Styles can
be easily viewed and
processed a s a group
using a size/color grid.
(Not available in POS),
viewed as a grid in
QuickBooks, think of
the attribute as a
color/size combo.
Set up to 30 different
variables per attribute
- 2 attributes per
item.
Additional features:
-
Includes a price
manager which
conveniently changes
prices. Make immediate
price changes to
selected merchandise at
any price level,
calculating the new
prices by % or amt from
either cost or current
selling price. Copies
prices from one price
level to another.
Changes the prices at
one price level for use
for a temporary event,
such as a sale.
Optionally round
markdown prices to end
in any value you prefer
such as .99 cents.
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Discount pricing on
selected merchandise
(for example if
customer buys x
quantity from a
specific item or group,
then discount is
applied (only
available in POS -pro & multistore)
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Special order items,
ability to add logo to
printed documents,
capture shipping info
and add to documents
with charges and
tracking information.
(these features are not
available in QuickBooks
POS Basic)
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E-mail purchase orders
to vendors, or copies
of sales orders or
layaway orders to
customers.
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The pro & multi-store
editions print a
barcode on the sales
receipts making it easy
to handle returns from
customers.
-
Shipping charges and
tracking information -
available in Pro and
Multistore.
Multi-Store Features
Download Quickbooks
Point of Sale
whitepaper (pdf)
to help you determine
if we
this is the right
product for you.
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QuickBooks Premier Retail Edition
accounting for retailers
integrates with QuickBooks Point of Sale |
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QuickBooks Point of Sale software
(QuickBooks Premier
sold separately)
comparison chart of QuickBooks
Pro, Premier, Basic Point of Sale |
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Single User
Click on the links to buy QuickBooks
Premier Retail Edition |
|
Software Alone
Point of Sale |
QuickBooks
Point of Sale
Software and
Hardware |
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Single user |
380 |
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Basic
Pro
|
New User
$
1200
$
1700
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Basic
Pro
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New User
$
1780
$
2280
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3 User |
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Multistore - call 866-379-6636
Multi-user (2-5 workstations in one
store) must purchase a copy of the software for each
workstation |
What hardware is
included in the QuickBooks Point of Sale Solution for
Retailers?
It includes a receipt printer, bar code scanner, credit
card reader and cash drawer, together with a copy of
QuickBooks Point of Sale software. They're all
guaranteed to work together.
More information |
Three User
(single user licenses can
be added for a max. of 5 users) |
890 |
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Comparison
Chart for QuickBooks Point of Sale Features:
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1Requires optional
Portable Data Terminal, sold separately and subject
to availability.
2Fees apply. Application, approval and
service fees apply.
3Requires Microsoft Excel 2003 or later sold separately.
4Supports Windows Server 2003
client-server networks In either a
multi-user or multi-store installation, all
installations must run the same version of Point of
Sale and the same level Pro), and each copy must be purchased separately.
5Works with any QuickBooks: Pro or
Premier Editions (2009 and up ) or QuickBooks
Enterprise Solutions, sold separately.
6Thirty consecutive days of Support
included upon registration. Offer valid within 90
days of purchase. |
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Typical Hardware configuration for QuickBooks Point of Sale:
One workstation is designated the Server workstation and
stores your data and POS software.
A dedicated network server for the company data IS NOT
recommended as significant slow-downs in performance
may result when the data is not on the same workstation as
the application. QuickBooks Pro or Premier
can be located on any computer in the network but requires
Remote data sharing applications that come
with QuickBooks POS to be installed on the POS server
workstation - a configuration which requires more
technical expertise to set up and operate.
QuickBooks Point of sale
integrates with QuickBooks Premier
Data is posted from QuickBooks
point of Sale into QuickBooks Premier Retailers edition
on a consolidated or detailed format-you choose.
Must use Quickbooks financial
software if retailer wants to offer customer charge
accounts. In QuickBooks Premier retail edition, a
customer account can be set with an account limit and
open balance information is maintained. Account limits
and balance information is communicated to Point of sale
module for the use at the store location.
Quickbooks Point of Sale & QuickBooks
Retailers Edition
Benefits of using QuickBooks Point of
sale:
- Merchandise is categorized by
department
- Item descriptions are recorded
several ways making it easy to identify, search and list on
sales documents and receiving documents.
- Item costs, sales price, and profit
margins are maintained.
- On hand quantities are tracked
- Reorder points are assigned to
trigger timely replenishment
Inventory
Management, Sales Reports, and Point of sale hardware
are what makes QuickBooks point of sale a perfect add-on
to your back end accounting offered in QuickBooks
Premier (bill paying, payroll, financial reports
-P&L and Balance sheet)
Sales receipts subtract from
inventory quantities
Return Receipts add to inventory quantities
Paid out receipts track changes to cash drawer
Receiving vouchers add to inventory and cost & average
cost are updated.
Return vouchers reduce inventory
Transfers of inventory between stores is supported in
Multi-store edition.
Customer payment by cash, check, credit card, gift
certificate, and store credit charges are supported.
For single location retailers,
on-hand inventory quantities are updated in real time as
well as costs (see how
multi-store edition below processes
inventory) as retail activities including receiving and
selling merchandise are recorded.
As Merchandise is received QuickBooks automatically
updates two costs values. Order cost is the last cost
you paid to your vendor, and is the suggested
price to pay on a future purchase order, and Cost is the
system calculated average cost of all units currently on
hand.
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Only some of
the useful reports in QuickBooks Point of sale are
displayed here (all have been modified to show a
snapshot of the information available):
Reorder Point Report: Filter
the report to show only items that have an on hand Qty
of 0 or 1 to find the most critical reorder items:
Item appears on the reorder report when qty on hand
reaches a defined level that is established by you in
the item record.
Sales reports filtered for a time frame can help
you to set reorder points
Inventory reports help manage your business
Sales Associate Performance report shows productivity by
employee with commissions
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Sales reports help track layaways and
sales orders
Customer orders (layaways, sales orders, work orders) is
a feature not
available in QuickBooks Basic POS
End of Day reports:
 Sales
Once completed, transaction documents cannot be edited
or deleted (maintains accountability). Non transaction
documents can be edited which include purchase orders
and sales orders.
Point of sales reports help
you identify what is selling
QuickBooks point of sale allows you to
define your departments and vendors which will provide
meaningful reports giving you the information you need.
Inventory, sales and other reports can be grouped, sorted and
filtered by these classifiers.
Other Reports:
Manage Pricing by assigning items to a department with
recommended margins & markups or enter on a per item basis.
Inventory
attributes are considerable as you can see in the screenshot
below. What is missing is the ability to track physical
location of an inventory such as a bin location, row
number or bay number. QuickBooks POS will track up to 4
price levels per inventory item.
QuickBooks Point of Sale Multiple Store Description:
- All stores (up to 10 stores can
be maintained) share one item list,
inventory is maintained at headquarters, stores
create transactions that when sent to headquarters
will update inventory quantities. Headquarters sends
updated inventories back to store location with each
"store exchange". Centralized purchasing,
Inter-store transfers, sharing information between
stores (such as inventory corporate wide in stock).
- Item quantities are tracked by
store location, each store can see the item quantity
at their store and other stores
- Limits certain changes
/transactions in the software to Headquarters
personnel such as:
- additions or editing of
products/services (remote stores can view this
information but cannot add or edit inventory but can enter special orders
that can later be changed into inventory items at
headquarters (if desired). When headquarters adds
new items or changes item pricing, these show up on
the new item and price change reminder screen at the
remote stores. It alerts remote stores that new
merchandise will be coming. Remote stores can adjust
the quantity of inventory on hand.
- set-up preferences
- defining or adjusting item
costs and price levels
Remote stores can choose their default price level
and give price discounts at time of sale.
- Purchase orders can only be
generated by headquarters
- Headquarters generates PO,
sends PO to stores, Stores generate received voucher
which is exchanged with headquarters and headquarters
updates inventory status which is sent back to the
stores.
- Each store maintains its own
sales orders and layaways. These transactions are not
exchanged with headquarters. Deposits on these
transactions will transfer to headquarters.
Inventory is maintained at headquarters see how
and when information transfers in the
diagram below:
Each store runs their own end of day procedure
including sending its own CC transactions.
Stores send daily records to headquarters, and
headquarters is responsible for sending information to
QuickBooks Financial.
The exchange of information is routinely done at the
end of each business day. Exchanges can be
automatically set as part of the "end of day" process
or can be manually initiated. The exchange process is
initiated from within the Point of Sale server
workstation. The financial company file
(QuickBooks Premier Retail edition) cannot be viewed
or accessed by the employee during the exchange of
data. Data is exchanged between stores depends
upon the technology available at each location,
options are: Desktop e-mail, Network file transfer,
Web-based e-mail, Removable media. Only data that
is new or updated since the last exchange is sent, in the event
that a daily activity file is lost or damaged,
QuickBooks point of sale has an automatic recovery
mechanism that resends the data. QuickBooks point of
sale will track missing or lost data and continues to
resend until the receiving store/headquarters confirms
its receipt.
Point of sale provides reports on a per store basis and
QuickBooks Premier reports on an entity wide level. |
QuickBooks Point of Sale integrates with
Quickbooks Pro, QuickBooks Premier and QuickBooks Enterprise
editions.
QuickBooks Point of Sale - click for a few notes of key
information that our certified advisor likes to keep handy and
so will you.
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Hardware that comes with Point of sale:
 Ring
up sales accurately & easily by scanning price
tag. QuickBooks Point of Sale will print scannable
labels for each piece you carry in inventory.
Advantages: Accurate pricing & inventory tracking
Scanner stand included |
 Receipt
printer: Prints a sales receipt and Prints
duplicate credit card slips. Operates quickly. |
 QuickBooks
Point of Sale Credit card reader easily process
credit card payments for sales transactions.
Eliminates the need for a standalone terminal |
 QuickBooks
Point of Sale Cash Drawer opens when a sale is
completed. Sturdy, full-size construction Lockable
for extra security
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Equipment Sold Separately |
Equipment needed for additional workstations
(register) |
Pole Display $229.46
Displays the price rung up to the customer
Tag printer $314.46
Not required - can use regular printer, but tag
printer is
handier when printing less than a full page of labels at one
time.
Physical Inventory Scanner $611.96
Scans inventory
anywhere (wireless), Return to cradle to
automatically update POS inventory records
PIN Pad $144.46
Enables customers to pay with debit cards
PIN Pad & Credit Card Swipe $246.46 |
Receipt Printer w/ cable
$297.46
Bar code scanner $254.96
Credit card swipe $76.46
Cash Drawer $127.46 |
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Click here for
QuickBooks Retail
product Descriptions |
