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| Ready, Aim, Scan! QuickBooks Wireless Scanner Speeds Inventory for Small Retailers |
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| Handheld Device Goes Anywhere; Saves Time, Increases Accuracy |
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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.
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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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