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Hospitality Accounting

With an Impos point of sale system in place, you’ll get the best accounting software for your business, to let you crunch the numbers like never before.

Why Accounting Is Important For Your Business

Accounting

Reduce human error

Our automated accounting system will help you increase the accuracy of your accounts. With your sales data synced directly from your POS terminal, all the necessary information is recorded automatically. This leaves no room for human error, meaning less mistakes overall.

Accounting

Take control of your cash flow

You’ll get a better way of tracking of your incoming and outgoing expenses, so you can take control of your cash flow. You know exactly what you’re making, and you get detailed reports of all your expenses.

Accounting

Centralise information

You’ll be able to keep on top of your inventory and purchase orders, with all your inventory information coordinated into one central location.

With a good accounting system you’ll be able to use your data to establish a solid budget, and you can use this budget to uncover any inefficiencies in your business. Impos accounting and reporting software will show you ways you can address these issues.

Evaluate sales & marketing tactics

Whenever you try a new sales tactic you’ll be able to track your progress and see if it increased customer spend or not. You’ll be able to tell when you’re on the right track so you won’t be afraid to try something new.

Track employee data

Take the headache out of tradition timesheeting. With all your employee data synced directly from your POS system, you’ll be left with more time to focus on other things. The less paperwork you have to fill out, the better.

Everything you need rolled into one

And when tax time rolls around, you’ll be prepared. You’ll have an electronic record of all your income and expenses, which you can export into one simple sheet for your accountant.

No more messing around trying to consolidate lots of different pieces of paper—organise your invoices, receipts, and pay slips by keeping them all in one place, in one format.

The Benefits of Impos’ Accounting Feature

Impos’ accounting integrations seamlessly sync your data such as sales, refunds, reverses, discounts and voids in the blink of an eye.

The Impos system sends this information directly to various accounting systems such as MYOB, QuickBooks and Xero.

It allows your apps to talk to each other and share data, meaning you don’t have to waste any more time manually entering data or updating your business apps. All your data is up to date and accurate, and any human error is avoided.

Better data means better insights, meaning more informed business decisions.

Boost profits with MYOB

Boost profits with MYOB

More than one million Australian businesses, accountants and bookkeepers choose MYOB’s accounting software, and so does Impos.

MYOB lets you better manage finances, boost your profitability and make better business decisions with a real time view of your finances. Save time, increase productivity, and spend more time doing what you love—running your business.

MYOB is more than accounting software; connect a range of solutions and apps that are tailored to your industry and your business needs.

With more than 40,000 partners working for you, MYOB has Australia’s largest network of accountants, bookkeepers, and consultants on hand ready to help your business succeed.

Keep a tight reign on your business numbers with Xero

Keep a tight reign on your business numbers with Xero

Perfect for your small businesses, Xero is an easy online accounting software used to manage invoicing, bank reconciliation, bookkeeping and more.

Xero allows you to deal with your expense claims in no time at all, and its automation makes bank reconciliation a breeze.

With Xero, you can:

  • Create recurring invoices
  • Track your sales and purchases
  • Manage the payroll
  • Create customer purchase orders
  • Schedule payments
  • Easily handle personal expenses
  • Batch pay your suppliers

Use the Xero dashboard to keep on top of your business numbers. It’s a quicker, more efficient way to do business.

Manage your finances in real time with QuickBooks

Manage your finances in real time with QuickBooks

Trusted by more than one million customers globally, QuickBooks Online makes it easy to access and manage your finances. Get a real time view of your business and keep track of your expenses all in one easy-to-use place.

The QuickBooks Online Mobile App lets you take pictures of your receipts on your phone so you can capture expenses on the go. You can also:

  • Automatically download, categorise, and reconcile bank and credit card transactions
  • Record expenses for tax time
  • Get paid as soon as you invoice with PayPal and credit cards

With Impos and Quickbooks, you’ll always know where you stand, and you can plan where your business is heading.

How Does Our Accounting Program Work?

Impos takes the effort out of accounting.

It’s simple: all your sales and payment data from your Impos POS system will be synced to through a third party software translation module at a time you choose.

From there, the module will ‘push’ the information into your accounting program according to payment type, Impos category and time breakdown, with a record of each item sold.

The ‘push’ of data from Impos to the module only occurs at your prompt, giving you the chance to settle your end of shift/day/week trade at a time that suits you. You can choose to sync once a day, once a week, once a month—whenever suits you.

Every time you sync your data, a batch file is created. This includes a breakdown of all:

  • Items
  • Quantities
  • Discounts
  • Surcharges
  • Tender types
 

You also get a summary of the amount of tax applied to each transaction. All the data between your most recent sync and latest one is sent, and a balance of sales versus payments is entered into your journals, so you don’t miss a thing.

It’s that easy.

To get set up, we’ll upgrade your system for you, which includes mapping your Impos categories to your accounting program, and matching your payment types in both systems. The whole setup takes around 30 minutes.

The Impos Accounting integration is available on our Premium and Platinum levels of support. Get in touch with us today to organise an upgrade and integrate your Impos system to our accounting program.

For any errors or issues, just give our friendly POS support team a call. They’re available around the clock to answer your accounting questions.

Impos’ Fully Charged Features & Functions

Download Impos’ Fully Charged Feature List Today!

Menu design, table management & kitchen messaging functionalities are just the beginning. Discover Impos’ full range of features tailored to hospitality businesses.

Want to learn more about our accounting feature? Get in touch via the contact form below or call us on 1300 308 615.

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