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Square POS: Quickbooks Online Integration Retail Accounting

As a multi-location retail entrepreneur, one of the most important aspects of your business is point of sale equipment and software. One of the leading programs in this industry is the Square point of sale (POS) suite as it offers many services needed to make your business run as efficiently as possible. The Square system has grown in popularity because it serves many needs of business owners.

A retail entrepreneur has many responsibilities, so an all-encompassing system is very convenient. With Square POS integration, the system can be used in brick and mortar stores, as well as on-the-go should your business take you to offsite locations. The variety of equipment that is offered – including the Square app with the magnetic strip reader, screen kiosk, and card chip reader – make having a versatile business much more efficient.

Streamlined Business Practice

Square eases the work of tracking sales this is extremely important our multi-location accountants, bookkeepers, CPAs and tax specialists. As transactions are processed through the Square POS system, they are all logged, making transaction tracking and allocation much more streamlined. End of the day, week, month, and year financial reports can quickly be retrieved with this feature. Once a sale is complete, and the Square processing fee is subtracted, the remaining funds are quickly sent to the bank account on file, creating very little wait time for you to receive your funds.

Square Register syncs payment processing with POS functions like inventory management, itemization, and third party integration to the QuickBooks online platforms. The Square POS integration ability greatly streamlines our multi-location retail accountants’ bookkeeping practices making financial tracking and reporting much more efficient. Fusion CPA assists multi-location retail entrepreneurs with integrating and reconciling the Square retail management platform with the accounting and bookkeeping functions of the QuickBooks Online platform. Our Square retail accountants suggest the Square platform to our retail clients as it saves time and can handle multiple functions, making this challenging part of a retail entrepreneur’s accountant and job less of a worry.


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