MOUNTAIN VIEW, Calif. -
May 02, 2005 -
What once took an
entire weekend, now takes just a few hours. Intuit's (Nasdaq: INTU) QuickBooks?Point of Sale
customers can save hours if not days and increase inventory accuracy with
the newly introduced physical inventory scanner. The physical inventory scanner
is a wireless handheld device that goes anywhere from display racks to back
rooms giving retailers the ability to scan barcodes in batches for faster,
easier and more accurate product counts. When placed back in the scanner cradle,
inventory information is automatically downloaded into the system eliminating
the need for manual entry.
"Doing quarterly inventory takes days and
required my whole staff to come in after hours to manually count every item on
the shelf and in the back room. Sometimes we have to recount inventory twice,
sometimes three times to get a consistent count," said Robert Ahern, of Brazil
Marin, a Brazilian specialty foods store. "With the new wireless physical
inventory scanner, integrated with QuickBooks Point of Sale, not only will we be
able to quickly and easily scan inventory, but entering inventory will be a snap
and we can be sure it's accurate."
Inventory Scanner Increases
Accuracy
Taking inventory is one of the most time-consuming and
labor-intensive tasks every store owner faces. It is also one of the most
crucial. Having too much stock, or too little, is costly. According the National
Retail Federation, U.S. retailers lose $224 billion due to excess inventory and
$45 billion from not having inventory in stock.
The wireless physical
inventory scanner helps solve difficulties around inventory by allowing
inventory data to seamlessly sync with QuickBooks Point of Sale software. In
addition, inventory lists are automatically updated while you ring up sales or
as returns are processed so retailers can get real-time data on sales trends and
current inventory levels. When items drop below set re-order points, QuickBooks
Point of Sale posts reminders or can automatically generate purchase orders and
retailers can email them directly to vendors, avoiding costly overstocks or
out-of-stock situations.
"Because the new wireless physical inventory
scanner will integrate with my QuickBooks Point of Sale software my inventory is
automatically updated in all my business records. The inventory count will be
more accurate, and I'll know when to re-order more of my most popular items
before ever running out of them so I never lose a sale," said Chris Loftin,
owner of Stylz Clothing, a youth-oriented boutique in Sacramento,
CA.
About QuickBooks Point of Sale
QuickBooks Point
of Sale was developed around the need for a point-of-sale system that offers
independent retailers the advantages of their larger competitors at a price
point they can afford. QuickBooks Point of Sale is affordable, easy-to-use
retail software that replaces electronic cash registers and allows independent
retailers to master critical retail tasks including inventory, sales and
customer tracking. According to an Intuit study, a small retail store with sales
of $300,000 can increase profitability by almost 10 percent by using a point of
sale system. And by refocusing the saved time and energy on their customers,
store owners can sharpen the edge they have on the competition personalized
service.
Pricing and Availability
QuickBooks Point of
Sale is now available at select retail outlets or direct through Intuit by
calling 1-800-926-6066 or visiting www.quickbookspos.com.
- Basic: $799.95 for software or $1,499.95 with hardware -
Inventory, sales and customer information tracking
- Pro: $1,049.95 for software or $1,749.95 with hardware -
All the features of Basic, and also tracks sales orders, layaways, commissions
and additional details on inventory
- Pro Multi-Store: $1,399.95 for software or $2,099.95 with
hardware - All the features of Pro, plus the ability to manage up to 10 stores
from a single location
- Physical Inventory Scanner: $719.95 - Scan inventory
anywhere
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| About Intuit Inc. |
Intuit Inc. is a leading provider of
business and financial management solutions for small and mid-sized businesses,
consumers and accounting professionals. Its flagship products and services,
including QuickBooks? Quicken?and TurboTax?software, simplify small business
management and payroll processing, personal finance, and tax preparation and
filing. ProSeries?and Lacerte?are Intuit's leading tax preparation software
suites for professional accountants.
Founded in 1983, Intuit had annual
revenue of nearly $1.9 billion in its fiscal year 2004. The company has nearly
7,000 employees with major offices in 13 states across the U.S., and offices in
Canada and the United Kingdom. More information can be found at www.intuit.com.
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| Intuit, the Intuit logo,
QuickBooks and QuickBooks Point of Sale among others, are registered trademarks
and/or registered service marks of Intuit Inc. in the United States and other
countries. | |
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