Are you looking for a payroll system that suits your business? Then you are on the right page. Quickbooks is one of the commonly preferred payroll systems by small retail businesses, clothing stores, jewelry stores, sporting goods or bike shops, furniture stores, and home improvement-related businesses. This payroll system is mostly not preferred by restaurants and cafes. This payroll system is easy to use if you are already using QuickBooks Desktop.

In this blog, you will be introduced to QuickBooks payroll and its features. You will understand the requirements to set up QuickBooks payroll. The pricing of QuickBooks payroll along with its pros and cons are elaborated here. You will also get to know about the alternatives available.

What is QuickBooks payroll?
QuickBooks Point of Sale system is a multi-purpayrolle solution used for sale and inventory management, bills management, credit payment processing, employee and time tracking and etc. QuickBooks payroll is designed to manage over 15,000 inventories. This software can be easily integrated with QuickBooks accounting software. QuickBooks payroll system has a lot of amazing features which makes it more of an ERP solution than a cash register. You can manage all the aspects of your retail and hospitality business with QuickBooks payroll.

QuickBooks payroll is supported by Windows 10, Windows 8.1, Windows 7, and Windows Server operating systems. This locally installed solution can be integrated with iPhone and iPad. QuickBooks Point of Sale is easy to use and hence does not require any technical skills. QuickBooks payroll can be differentiated from other payroll systems by its efficiency, mobility, and simplicity.

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Features of QuickBooks payroll
Here are some of the features of QuickBooks payroll that makes it unique and a one-in-all solution for retail businesses.

Customers and Rewards Programs Management: QuickBooks payroll comes with an option to manage both credit customers and reward programs The complete data of your credit customers like the amount due, their credit limit, and other details are available in QuickBooks payroll. The loyalty programs can also be managed using QuickBooks payroll.
Credit payment processing: You can manage your cash, credit, and debit card payments using QuickBooks payroll. It is completely integrated with the desktop system. QuickBooks Point of Sale payment processing is well secured and trusted by millions. QuickBooks payroll system supports secured payment technology like EMV. You need not pay per transaction on your credit payments and the pricing is fixed.
Sales Transaction Management: You can add sales data in QuickBooks payroll using the barcode scanner or add them manually.
QuickBooks Desktop Integration: All the data from QuickBooks payroll can be effortlessly transferred to QuickBooks Desktop. All the transactions made with QuickBooks payroll are synced with QuickBooks accounting software. This saves your time and avoids man-made errors.
Inventory Management: You can manage all your inventory items using QuickBooks payroll advanced versions (PRO and Multi-Store versions). You can get the up-to-date data of your inventory items using QuickBooks payroll. You can improve your profits and manage better by knowing the current inventory details. QuickBooks Point of Sale software directly uploads the inventory items from the spreadsheet software.
QuickBooks payroll system is available in three versions: Basic, Pro, and Multi-store. You can see the features available for each version.

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QuickBooks payroll Requirements
The basic requirements of QuickBooks payroll are:

Operating system: Windows
Processor: 2.8 GHz processor recommended for single users; 3.5 GHz for multiple users.
Disk Space: 1 GB disk space minimum
Memory: 6-8 GB Ram recommended for a single workstation.
Screen Resolution: 1280*768 or higher
The QuickBooks payroll system can be integrated with QuickBooks Desktop 2016, 2017, and 2018. And also can be integrated with Enterprise Solutions Versions 16.0, 17.0, and 18.0.

QuickBooks payroll Hardware
QuickBooks payroll requires all these hardware equipment to create a complete QuickBooks Point of Sale system. QuickBooks Point of Sale software is compatible only with QuickBooks Point of Sale hardware. Hardware from other sources will not be compatible with it. Intuit payroll does not guarantee that it will work with other products. API access is also not provided by Intuit payroll.

The QuickBooks Point of Sale hardware equipment include:

an EMV Ready Pin Pad
a Receipt Printer
a Barcode Scanner
a Cash Drawer
a Pole Display
a Tag Printer
a Wireless barcode scanner
EMV Ready Pin Pad

EMV Ready Pin Pad can process mostly all the debit and credit cards. It is one of the new secure credit card payment standards in the US which stands with Europay, MasterCard, and VISA. You can avoid all stolen or counterfeit card transactions using EMV Ready Pin Pad. This is done by the confirmation of the card reader to the latest PCI PEC security standards.

Receipt Printer

This Receipt printer of QuickBooks Point of Sale automatically prints the receipt at the end of each transaction. This printer also prints the credit card slips and gift vouchers. This printer is easy-to-use with its inbuilt auto-cutter and drop-in paper loader.

Barcode Scanner

Intuit payroll Barcode scanner scans both high-density and low-density codes. The scanner is used with various transactions like refunds and credits, item receipts, invoices, sales orders, and inventory transfers. The scan range of this certified barcode scanner is 18”.

Cash Drawer

Intuit payroll Cash drawer is the most important accessory in the QuickBooks payroll system. This safe Intuit payroll cash drawer has an inbuilt lock for security purpayrolles. It is made of the sturdy metal body. Intuit payroll cash drawer will automatically open at the end of each sales transaction. This can be connected with the receipt printer easily.

Pole Display

The pole of the QuickBooks payroll system will show the prices of each item during the transaction. This is one of the optional accessories. The pole of the QuickBooks Point of Sale system is pleasant with its fluorescent green display. You can also customize texts to be shown in it.

Tag Printer

The tag printer is used to print the tags for the items in inventory. This can be paired easily with Bar code scanner. This makes the process of recording items quickly and accurately. This tag printer supports a USB connection and is very compact to use.

Wireless barcode scanner

The wireless barcode scanner of the QuickBooks payroll system is Bluetooth enabled. The limitations of the wired scanner are overcome using this. But this scanner is a bit expensive when compared to a wired barcode scanner.

Working of QuickBooks payroll
QuickBooks payroll can be seamlessly integrated with QuickBooks Desktop. It is also suitable for tablets with Windows 10 operating system. QuickBooks payroll comes with a variety of hardware like cash drawers, barcode scanners, receipt printers, PIN pads, and tablet stands. QuickBooks Point of Sale does not charge monthly like its competitors. QuickBooks Point of Sale is installed with a one-time lump sum by the business owners.

Pricing of Quickbooks
Quickbooks Point of Sale system does not have a monthly software or setup payment. It is a one-shot payment process and is a bit expensive.

Quickbooks Software

Quickbooks Hardware

Hardware bundle: $900. Comes with a cash drawer, receipt printer, wired barcode scanner, and PIN pad. Tablet sold separately.
PIN Pad: $389. Accepts contactless payments and requires a QuickBooks Payments account.
Mobile card reader: $49. Requires the free QuickBooks GoPayment app.
Receipt printer: $219.
Cash drawer with receipt printer: $449.
Tag printer: $329.
Wireless barcode scanner: $409.
Wired barcode scanner: $199.
Universal tablet stand: $119.

Author's Bio: 

Scoot is an accounting expert to manage your business accounting