Payments in QuickBooks Point of Sale:

QuickBooks Integration: Getting Credit Card Processing Data into QuickBooks:

  •  Types of QuickBooks solutions
o QuickBooks accounting software
o QuickBooks Payments
  •  How do I get transaction data into my QuickBooks account?
o Point-of-sale system integration
o Gateway plug-in
o Export data

Types of QuickBooks solutions

First, it’s important to understand which QuickBooks programs or systems you want to integrate. Intuit offers several QuickBooks solutions: accounting software, payment processing, and point-of-sale software. 

QuickBooks accounting software:

QuickBooks accounting software is what most businesses are referring to when they talk about QuickBooks. The accounting software is very popular in business and includes features to manage accounts payable, track sales and expenses, create invoices, create tax reports, and more. QuickBooks Online also falls into this category.

QuickBooks payments:

QuickBooks Payments is the payment processing branch of Intuit QuickBooks. It can be used for accepting payments online and with a mobile device, or by sending an electronic invoice. QuickBooks Payments allows to acceptance of Visa, MasterCard, Discover, and American Express, as well as ACH bank transfers, and has transaction fees for accepting cards. If you use QuickBooks Payments and QuickBooks accounting software, your transactions automatically sync.

QuickBooks Point of Sale software:

QuickBooks Point of Sale is a software solution for accepting credit card payments when the customer is present with their cards, such as in retail stores or restaurants. QuickBooks Point of Sale software can be used on a point-of-sale system powered by Revel or with compatible desktop computers. Intuit suggests using QuickBooks Point of Sale with QuickBooks Payments for Point of Sale, allowing for automatic syncing with QuickBooks accounting software.
QuickBooks Point of Sale does not require using QuickBooks Payments and can be used with any payment processor. QuickBooks Point of Sale can solely directly integrate with QuickBooks Payments to permit you to authorize transactions for the purpose of Sale software. QuickBooks Point of Sale software with a different payment processor, you will have to manually enter transaction information. In the not advisable to use QuickBooks Point of Sale without also using a QuickBooks Payments merchant account for card processing.  QuickBooks Point of Sale or offer plug-in. These plug-ins may not be QuickBooks-approved and are not guaranteed to work. In the First Ans Questions section of their website, QuickBooks explicitly states that “QuickBooks Payments is the only service that allows you to authorize credit card transactions directly from the actual sales record in the software.”
we’re going to discuss options available to input card transaction information into your QuickBooks accounting software without manual entry.
QuickBooks accounting software is available in multiple versions. Currently, Intuit offers the following:
All of this software provides accounting and management functions. These programs do not allow for payment acceptance by themselves. You will need to have a merchant account with a payment processor to accept card payments.
How do I get transaction data into my QuickBooks accounting software?
There are several options for reconciling sales and transaction data with QuickBooks. This can use a point-of-sale system that integrates directly with QuickBooks, you can use a payment processor that offers a gateway with a QuickBooks plug-in to process from QuickBooks, or you can use a processor that offers transaction data export to QuickBooks.

Point of sale system integration:

 Direct integration with QuickBooks through a point-of-sale system is Simply but has the New number of choices in both point-of-sale programs and payment processors. With this type of integration, the point-of-sale software must be compatible with QuickBooks software, and the payment processor must be able to support the point-of-sale software. Intuit maintains a QuickBooks searchable database of POS systems that can be integrated with QuickBooks. 
More Information To Visit Our Site Wizxpert - QuickBooks Experts

article source: https://uberant.com/article/277183-payments-in-quickbooks-point-of-sale/

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