Square POS vs Hike POS vs BooksPOS – Best Cloud POS Software for retail stores

Square POS vs Hike POS vs Books POS — Let’s compare which point of sale software is better for your retail store?

When looking for POS software, search not only for a point of sale but also test it based on your store’s requirements. Square POS vs Hike POS – They both offer limited features and tools. However, BooksPOS focuses on all aspects of the retail business to help you grow.

Let’s look at six important things you need to consider making an informed decision.

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Inventory Management

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Features	Square POS	Hike POS	BooksPOS
Unlimited Product Bins inside a retail location	✗	✗	✓
Delay stock adjustments	✗	✗	✓
Multi-Store Inventory	✗	✓	✓
Stock Transfers with approvals	✗	✓	✓
Inter-location Stock Replenishments	✗	✗	✓
Franchisee Management	✗	✓	✓
Tag Sales (or Purchases) using multiple vouchers	✗	✗	✓
Partial physical stock counting	✗	✓	✓
Advance inventory reports	✗	✗	✓

Square POS lacks behind, as it doesn’t offer even basic features for inventory management.

Hike POS, however, gives you necessary inventory management features where you can manage and control physical stock count as well.

BooksPOS makes inventory management more lenient through its high-level features like unlimited product bins, replenishment, advanced inventory reports, and so on. BooksPOS gives you the power you need.

Winner – BooksPOS

Learn more about BooksPOS inventory management -> 

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Point of Sale

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Features	Square POS	Hike POS	BooksPOS
End of day report	✗	✗	✓
User activity reports	✗	✗	✓
Advanced controls	✗	✗	✓
Centralized Inventory	✓	✓	✓
Custom User Access Control	✓	✗	✓
Barcode Scanning	✓	✓	✓
Split Payments	✓	✓	✓
Customized Invoices	✓	✓	✓
Customer Data	✓	✗	✓

Here, Square POS is a good point of sale software. Yet, it does not provide some advanced features like end of day reports, user activity reports, and sophisticated controls.

Hike POS when compared to Square POS and BooksPOS proves futile software offering limited features. Also, you will need to purchase expensive add-ons to access some features that a retailer might want.

However, BooksPOS offers you almost all the features needed by a retailer. You won’t need to purchase any additional features as BooksPOS integrates all requirements. Also, BooksPOS offers you advanced features like customer management, user access control, split payments, etc. required in retail to help them grow.

Winner – BooksPOS

Learn more about BooksPOS point of sale ->

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Multi-Store Management

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Features	Square POS	Hike POS	BooksPOS
Multi-Store inventory	✓	✓	✓
Stock transfers between stores	✓	✓	✓
Single report for all stores	✗	✗	✓
Franchise management	✓	✓	✓
Create sub-locations in the warehouse	✗	✗	✓
Process B2B and B2C orders from warehouses	✗	✗	✓

Square POS proves futile for a multi-store point of sale system. It offers no such important traits (except franchise management and stock transfers) that retailers can use to manage their multiple stores efficiently.

Likewise, Hike POS also provides you primary features for your multi-store inventory.

However, BooksPOS enhances and integrates with your stores or franchises with its single multi-store POS system with sophisticated features. BooksPOS gives you visibility of all your stores in one report.

Winner – BooksPOS

Franchise Management

Features	Square POS	Hike POS	BooksPOS
MRP Discount	✗	✗	✓
Revenue Sharing	✗	✗	✓
Stock Replenishment	✗	✗	✓
Profitability Reports	✗	✗	✓
Real-Time Reports	✓	✓	✓

Here, Square’s and Hike’s POS are on the weaker grounds when weighed for franchise management.

Square POS and Hike POS, both provide you only real-time reports only for your franchise stores.

However, BooksPOS allows you to manage all your franchise stores and bill them on MRP discounts or allow revenue sharing. BooksPOS also offers advanced replenishment controls, allowing you to see the current stock at your franchisee stores and fulfilling them quickly. 

Winner – BooksPOS

Learn more about BooksPOS Multi-Store Capabilities ->

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Financial Reports

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Features	Square POS	Hike POS	BooksPOS
Tax Compliant Reports	✗	✗	✓
Financial Statements	✓	✗	✓
Multi-Currency	✗	✓	✓
Accounting	✗	✗	✓
Expense Management	✗	✗	✓

Square POS runs on a weak accounting framework and you will have to use any other accounting software compatible with their POS software.

Hike POS accounting has been a hit or miss. Similar to Square POS, it is neither tax compliant nor even provides you with advanced accounting.

BooksPOS never lets you down. Accounting comes built-in in BooksPOS. Journal, General ledgers, Financial statements, Expense management, tax reports, etc, everything includes in the software. BooksPOS is the only platform that depicts the accurate picture of your business.

Winner – BooksPOS

Learn more about BooksPOS accounting ->

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Customer Loyalty POS & Offers

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Features	Square POS	Hike POS	BooksPOS
Advanced loyalty slabs and features	✗	✗	✓
Unlimited price-lists	✗	✗	✓
Gift Cards	✗	✗	✓
Coupon discounts	✗	✗	✓
Product combos	✗	✓	✓
Offers based on customer’s purchase history	✓	✗	✓
Club multiple offers on the same product	✗	✗	✓
Controls to disallow discounting	✗	✗	✓
Manual discounts	✓	✓	✓

As a retailer, you should be able to run smart offers that are unique, resulting in more sales.

Square POS supports a loyalty program, but a miss is that it only provides manual discounts and offers based on customer’s purchase history.

Hike POS allows you to create manual discounts and offer product combos to the customers.

However, BooksPOS does much more. BooksPOS allows you to create custom offers and feature-rich customer loyalty benefits and membership options. All the offers get applied to your sales automatically with BooksPOS software.

Winner – BooksPOS

Learn more about BooksPOS CRM -> 

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Get more value for what you pay

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Square POS for retail needs a Retail Subscription starting from $119/pm and additional transaction fees of 2.75%.

Whereas, Hike POS costs $59 USD/month.

However, BooksPOS starts with $29/month per device which is the most affordable option with the best features for small retailers.

Winner – BooksPOS

Transaction Fees

Terms	Square POS	Hike POS	BooksPOS
Transaction Fee	2.75% fee per transaction	No Fee	No Fee
Surcharging	Not available	Not available	Available

Square POS takes 2.75% of your transaction each time. This is on top of the credit-card rate that only reduces with the more expensive plan you purchase. It does not support surcharging.

Hike POS, though, does not charge a separate transaction fee yet it also doesn’t support surcharging.

With BooksPOS, you don’t get billed with any additional transaction fees, and further you’re allowed to use any of our integrated payment processors or use one of your own. BooksPOS natively supports surcharging allowing you to save a lot more on your credit card transaction fees.

Winner – BooksPOS

BooksPOS Value

BooksPOS’ Features	Value
Accounting (QuickBooks)	$75/mo.
Omnichannel Inventory management	$40/mo.
Business Intelligence tool	$200/mo.
White Labelling options	$50/mo.
API Access*	$250/mo.
TOTAL	$615/mo.

*API Access is a customs requirement and there will be an additional cost to using it. The cost depends on a case-to-case basis.

BooksPOS gives more value to the dollar you pay than any other POS software in the industry. With the BooksPOS subscription, you get access to all the features and the updates we release frequently.

Learn more about BooksPOS ->

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Conclusion – Square POS vs Hike POS vs BooksPOS

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It is now clear that Square and Hike POS though popular, can’t compete with BooksPOS. It is not always compulsory that the well-known one is the only best. You should always look for alternatives before deciding.

BooksPOS is an all-in-one Retail Management solution for your business. On the other hand, Square POS is a part of its SquareUp services that offers tool to run your business. Though BooksPOS supports everything Square and Hike POS provides, it does much more. 

Therefore, BooksPOS is the current best POS software in the industry. To know more,

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