POS Accounting is in the business of building products that automate processes, eliminating the need for any manual data entry. The accounting integration automates the process of transferring of the end of day data from Lightspeed X-Series to merchant’s accounting software without any manual intervention (after the initial setup).
- Automation that eliminates manual data entry errors and expensive VAT/tax audits and helps in timely filing of the taxes
- Data in the accounting software to help merchants make business critical decision by looking at the PnL reports
- Timely recording of the on account sales in the accounting software helps in generating the customer statements for merchants who do on-account sales
- Ensures bank deposits match payments recorded in POS by helping with ‘double accounting’
- Automatic recording of the transaction processing fees reduces the manual calculation component for the payment reconciliation