In this article we’ll take you through how to integrate Square with QuickBooks Online (QBO) accounting software to streamline your accounting process. If you’re a business owner, you’re aware of the importance of accounting for auditing, reporting, and taxation and have likely invested in an accounting software to assist in these processes.
Order and pay systems saw huge growth during the pandemic in a wide variety of venues across the globe. For example, the mandatory table ordering rules in 2020 meant that the UK saw a surge in the number of pubs adopting order and pay systems. Other venues adopting order and pay systems include restaurants, cafes, hotels, and even theatres and cruise ships.
It’s no secret that operational efficiency and customer satisfaction are top priorities for any retail or hospitality business. In order to achieve them, business owners have to put in a lot of effort for things to run smoothly, especially when it comes to sales and accounting functions.
For decades, bookkeepers were basically data entry clerks - their work consisted mostly of inputting data from one system into another. Now, however, with the increased availability and popularity of system integrations, many bookkeepers can offer high quality services that branch outside just copying numbers.
Accounting integrations are slowly but surely finding their way into all sorts of industries. The retail and hospitality industry is recognising more and more the importance of keeping accounting efforts in the one place. As hospitality goes through a huge shift, accounting integrations are being utilized to sync data for sales, payroll, inventory and more.
As we have entered the digital transformation era, new technologies are bound to improve business processes and boost productivity within organisations. The hospitality and retail industries are no different. In fact, keeping up with the latest tech trends and automating certain processes is essential, as these industries are extremely competitive. As a result, those who stop adapting can be quickly left behind.
Black Friday used to be associated with traffic accidents and violence initiated by the large volume of shoppers. Nowadays, though, it rather means a “profitable Friday” to all retailers out there. With this introduction of Cyber Monday, e-commerce stores now have a valuable opportunity of a day solely dedicated to consumers prioritizing online purchases over store purchases.
Cobb & Co. is a New Zealand's original family restaurant. 10 years ago, the brand's look-and-feel was modernised and the operational systems were overhauled to become world-class and set people up for a career in hospitality. The digital transformation didn’t end there, though. Amaka helped to introduce custom POS reports.
Running a successful business isn't easy. It involves a lot of hard work, planning, strategic decision-making and more importantly, data analysis. Successful business owners know how crucial it is to find the right balance between focusing on day to day operations to collecting data and undertaking analysis. Your point-of-sale system is far more than just a glorified cash register and it should be looked at as a treasure chest that holds many secrets to achieving rapid business growth with POS reports.
Here's how the Revel + Xero accounting integration by Amaka can benefit your business. POS systems are vital in the hospitality industry. Keeping track of sales is essential for maintaining a successful business. It’s a good idea to have all of this information and data in one place - it’s an even better idea to integrate your POS system with an accounting system. This keeps everything automated, quick, and easy to access.