1 August, 2018
If you are running a retail business, besides a robust point of sales (POS) system, you will also need an Accounting Software which calculates the Profit and Loss of your business easily without fuss. Vend and Xero fits into this scenario perfectly. Vend is a cloud based point of sales (POS) system that is specially designed for the retail industry and is scalable to multiple outlets. It also offers membership and loyalty points features. Xero is a leading cloud based accounting system.
Both Vend and Xero “talks” to each other through API (application programming interface) and the result is that synchronization of data takes place seamlessly. In a simple language, users do not need to enter the same data twice, information in Vend will flow to Xero automatically.
What will be integrated?
Cash and credit card total will be sent to Xero, hence, you may easily view any discrepancies between banked cash deposits and daily cash totals – including cash payments, petty cash withdrawals and float movements.
Cost of Goods Sold (COGS)
You may use Vend to issue Purchase Order and further integrated Cost-of-goods-sold (COGS) to Xero. You may view your profitability against your wages, rent, marketing and other expenses in Xero, and understand your true performance real-time!
Customers & Suppliers
Sync your contacts between Vend and Xero. Any changes you make to customer information in Vend will automatically update in Xero. No more the days of entering contact details in POS system and Accounting Software.
If you give credit term to your retail customers (eg. wholesale or regular customer), Vend will allow synchronization of credit sales to Xero. And you may use Xero to issue statement of accounts or automated reminders to ensure payment is made on time.
Suitable for me?
If you are not too sure whether both Vend and Xero is suitable for you? Why not arrange a meeting and our experienced consultant will conduct a complimentary assessment for you. Not only we evaluate your needs, we also share the best industrial practice with you.
We are able to meet face to face if you are in Singapore, Kuala Lumpur or Johor Bahru. Alternatively, we can also arrange a online meeting.
We are here for you.