There's more to running a retail business than managing supply and demand. You also have to maintain cash-flow, record sales & refund data, and track your costs & profits to manage the financial health of your business. However, it's not easy to manually do all this bookkeeping and then also perform transaction matching, workflow tasks, and month-end accounting.
The challenge gets even tougher for small retail businesses. Small retail stores with sole operators spent almost a third of their time on financial admin work, and even businesses with one to four employees dedicated a quarter of their time.
So these mundane tasks end up taking most of your time, resources and efforts, which you could have used for more important things, like serving your customers.
Luckily, Tagrain, a cloud-based POS software, has the means to keep your bookkeeping organised and give you much-needed help to automate your bookkeeping and accounting.
Tagrain POS software now supports seamless integration with QuickBooks Online, allowing you to streamline your back-office operations. By connecting both systems, you can seamlessly and automatically post sales, refunds, payments, cash-ins/outs, floating expenses, and till variances to QuickBooks, saving hours in double data-entry.
Plus, you get to integrate master data, including products, customers and stocks between the two systems. Since master data and transactional data sync directly between Tagrain and QuickBooks, you can reduce discrepancies in general ledgers to save resources, improve accuracy, and reduce errors.
Bookkeeping in retail is very complex since there are so many variables you need to keep track of. Even if you’re using a designated accounting tool, you still have to manually enter data to update daily logs and reconcile ledgers.
With this integration, you get to bridge the gap between the two systems and ensure that data flows quickly and accurately from one end of the operation to the other. So you get more time on your hands to keep your clients happy and focus on other aspects of the business that need your attention.
And, there’s no need to hire an expensive accountant to secure your profit margins since Tagrain and QuickBooks will do all the heavy lifting for you.
When you post a sale, refund or any other transaction in Tagrain, the same information gets updated in QuickBooks in real-time without any manual effort. You spend less time manually entering data or in reconciliation, saving you countless hours and eliminating the chance of human error. However, that’s only the start. There's so much more you can do for your retail business with this integration, such as
Check out how easy it is to implement the powerful combination of Tagrain and QuickBooks Online.
Step 1: Log in to the Tagrain Web account.
Step 2: Activate the Tagrain QuickBooks Integration plugin.
Step 3: Select your settings, and you're good to go.
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