Retailers will notice right away that many of these features are already built into their POS systems. These are the features to look for in accounting software for retail: While some small shops can get by with the basic accounting features offered in free and low-cost online accounting services, most businesses-especially those with employees-require an accounting package that supports double-entry accounting. How Accounting Software Benefits Retail Shops

Here’s a “quick” look at the benefits of using a POS system that works with Quickbooks. Retailers can achieve peak accounting efficiency and improved accuracy by integrating their POS system with Quickbooks. The clear leader in small business accounting software is Intuit’s Quickbooks, whose share of the retail market is currently greater than 80 percent. Recent reports state that as many as 21 percent of small and midsize business owners believe they aren’t knowledgeable enough about accounting and finance, yet 82 percent of small businesses currently use some form of accounting software. For a growing number of retail shops, a popular money-saving option is to take the do-it-yourself approach to accounting.

Retailers are doing everything they can to minimize expenses in response to this year’s economic downturn.

Intuit pos app