Square vs. QuickBooks: Which Is Right for Your Business? - Tech.co

Summary

The QuickBooks POS is available in three plans: Basic, Pro, and Muli-Store. All three plans use a unique pricing scheme: They're available for a single one-time purchase fee. Basic costs $1,200; Pro costs $1,700; and Multi-Store costs $1,900.

Currently, the service is running a deal: All plans are 50% off, dropping their respective costs to $960; $1,360; and $1,520. Plus, QuickBooks will throw in a free contactless PIN Pad, which they value at $389. Users will have to sign up and be approved for a new QuickBooks Payments account, sold separately with per-transaction and/or monthly fees.

The QuickBooks POS is available in three plans: Basic, Pro, and Muli-Store. All three plans use a unique pricing scheme: They're available for a single one-time purchase fee. Basic costs $1,200; Pro costs $1,700; and Multi-Store costs $1,900.

Currently, the service is running a deal: All plans are 50% off, dropping their respective costs to $960; $1,360; and $1,520. Plus, QuickBooks will throw in a free contactless PIN Pad, which they value at $389. Users will have to sign up and be approved for a new QuickBooks Payments account, sold separately with per-transaction and/or monthly fees.

QuickBooks POS Basic

For $1,200, Basic users will receive the ability to track and manage inventory and sales, track customer data, and accept contactless payments (with QuickBook Payments, for a per-transaction charge). Customer files can be imported with Microsoft Excel and Word, and a practice file lets employees figure out the system without risking any company data.

The service integrates both with QuickBooks financial software and with third-party ecommerce providers — specifically, with Amazon, BigCommerce, eBay, Etsy, Magento, Shopify, WooCommerce and Walmart.

QuickBooks POS Pro

For $1,700, Pro users get everything in Basic, plus the ability to generate purchase orders, run a rewards and loyalty program, offer layaway and gift cards, manage employees and payroll, and use more advanced reporting tools.

QuickBooks POS Multi-Store

Finally, for $1,900, Multi-Store includes everything in Pro and also adds on the ability to manage multiple store locations. This includes the functionality for managing and transfering inventory between stores, and as well advanced reporting and analytics that can break down on a store-by-store basis to better compare locations in addition to knowing how well the franchise is doing as a whole.

Transaction fees

The QuickBooks POS purchase is a one-time cost, but if you're using QuickBook Payments in order to accept all payment, you will have one on-going cost: the transaction fees.

These costs break down in two different ways. First, you might opt to pay a monthly base fee of $20, which will bring all per-transaction costs down a set amount. You can also choose not to pay a monthly cost, and instead pay slightly higher charges with each transaction.

Either way, different types of transactions will cost different amounts. Keyed-in card numbers are the priciest, costing 3.2% + 25¢ with a monthly fee and 3.5% without. Swiped or dipped cards cost 2.7% + 25¢ with a monthly fee and 2.3% without, although swipes and dips that include a PIN are just 1% without and without the monthly fee.

QuickBooks vs Square: Which has the best free plan?

QuickBooks POS does not have a free plan, but does include a 30-day free trial for any of its three plans — you'll just have to request it through a form on their website or by calling their phone number. You can read more about QuickBooks pricing in our full online guide.

As a result, Square POS's free plan is definitely the best. It offers a great range of features, even if it does come with a catch: Users will still need to pay a transaction fee of 2.6% + 10¢ for every in-person sale and 2.9% + 30¢ for an online sale.

And, if you're interested in Square for Retail or Restaurants, they both match QuickBooks with a 30-day trial for each.

Square vs. QuickBooks: Which Is Right for Your Business? - Tech.co
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