Do I need QuickBooks or a POS system?

They solve different problems. Accounting software keeps your books: ledgers, payroll, statements and what you owe URA. A POS system runs your counter: ringing up sales, tracking stock, holding a credit book and printing receipts. Most shops feel the counter problem first, and a good many never need a full accounting package at all.

By Talemwa SolomonUpdated 5 August 20266 min read

Key takeaways

  • Accounting software keeps the books. A POS system runs the counter. They are not substitutes for each other.
  • Stem is a POS system. It does not do payroll, ledgers, financial statements or tax filing.
  • The counter problem usually bites first: what sold today, what is left, and who still owes you.
  • Cloud accounting needs a connection to work. A till has to keep selling when the connection drops.
  • Plenty of shops run a till every day and give an accountant an export once a month.

What is the difference between accounting software and a POS system?

Accounting software is built for the books. It records what the business earned and spent, tracks what it owes and is owed, runs payroll, and produces the statements an accountant or a tax office expects to see. It is designed to be correct at the end of the month.

A POS system is built for the counter. It rings up a sale in front of a waiting customer, takes the payment, subtracts the item from stock, prints a receipt and records who bought on credit. It is designed to be fast at the moment of sale, and to be right about stock.

The confusion is understandable, because both of them produce numbers about your business. The difference is when they run and what they are responsible for.

Accounting software and a POS system, side by side
Accounting softwareA POS system like Stem
What it is forKeeping the books correctRunning the counter
When you use itWeekly or monthly, at a deskEvery sale, all day, at the till
Who usually uses itAn owner, a bookkeeper or an accountantWhoever is serving the customer
Typical questions it answersWhat did we earn last quarter? What do we owe?What sold today? What is left on the shelf? Who owes me?
Payroll and statementsYes, that is its jobNo. Stem does not do either
Works with no internetCloud tools need a connectionYes. Stem sells offline and syncs later

Which problem does your shop actually have?

Pick by the thing that is costing you money right now, not by which category sounds more serious.

You probably need the counter solved first if:

  • You do not really know what sold today until you sit down and count.
  • Stock disappears and nobody can say when or how.
  • The credit book is a notebook, and some of those names are never going to pay.
  • The cash in the drawer and the sales in your head do not agree at closing.
  • You cannot leave the shop without losing track of what happened while you were away.

You probably need accounting software, or an accountant, if:

  • You have staff on a payroll and need payslips and deductions handled properly.
  • Someone is asking you for a profit and loss statement or a balance sheet.
  • You are filing returns with URA and need your books to stand up to it.
  • You are borrowing, and a lender wants formal accounts.

What Stem does not do

This is the honest part, and it is worth reading before you spend anything. Stem is a point of sale system. There is no accounting engine inside it.

  • No payroll. Stem does not calculate salaries, payslips or statutory deductions.
  • No ledgers or financial statements. There is no chart of accounts, no journals, no trial balance, no balance sheet and no profit and loss statement in the accounting sense.
  • No tax filing. Stem holds settings for your URA TIN and fiscal device, but completed sales are not transmitted to URA. EFRIS submission is still in development. Keep filing exactly the way you do now.

Can a till work without internet?

Stem can, and that is the design decision the whole product is built around. The till on the counter keeps its own full copy of your catalogue, prices and customers, so it sells at normal speed with no connection at all and syncs to the cloud when the connection comes back.

This matters more than it sounds. A cloud tool that needs a connection to load is fine at a desk and a real problem at a counter with a queue. Registration and the first sign-in do need internet; from then on, day to day selling does not.

It is worth asking any vendor the same question directly, and asking them to show you: turn the internet off, then ring up a sale.

Do you need both?

Often, eventually, yes. The common pattern for a growing Ugandan shop looks like this:

  1. Get the counter right first, because that is where the daily leakage is.
  2. Let the till record sales, stock and credit as they happen.
  3. Give your accountant an export once a month instead of a shoebox of receipts.
  4. Add proper accounting software when you have payroll, lenders or a tax position that needs it.

The order matters. Accounting software built on numbers you reconstructed from memory is a tidy record of a guess.

What does Stem cost?

Stem is priced in Ugandan shillings and paid by MTN or Airtel mobile money, so there is no card or foreign payment method involved. The Free plan covers one till with no expiring trial: products, inventory, credit book, receipt history and analytics.

Paid plans are USh 20,000 a month for Basic, USh 55,000 for Standard and USh 100,000 for Premium, and you can change plan at any time from inside the app.

Frequently asked questions

Is Stem a replacement for QuickBooks?

No. They do different jobs. Stem is a point of sale system that runs your counter, tracks stock and holds a credit book. Accounting software keeps your books, runs payroll and produces financial statements. Stem has no payroll, no chart of accounts and no financial statements, so it does not replace an accounting package or an accountant.

Does Stem do payroll?

No. Stem does not calculate salaries, payslips or statutory deductions. If you have staff on a payroll you need accounting or payroll software, or an accountant, alongside the till.

Does Stem file my taxes with URA?

Not yet. Stem holds the settings for your URA TIN, fiscal device and endpoint, and the structure around them is built, but completed sales are not transmitted to URA. EFRIS submission is still in development, so please do not rely on Stem for EFRIS compliance today and keep filing the way you do now.

Can a POS system work without internet?

Stem can. The till keeps a full local copy of your shop, so it sells at full speed with no connection and syncs when the connection returns. Registration and the first sign-in need internet; after that, day to day selling is fully offline. Cloud based tools generally need a connection to work at all, which is the trade you are making.

Do I need accounting software if I already have a POS system?

It depends on what is being asked of you. If you have payroll, a lender wanting formal accounts, or a tax position that needs proper books, then yes. Many small shops run a till daily and hand an accountant an export once a month, which is cheaper and usually enough.

Is there a cheaper option than accounting software for a small shop?

For the counter problem specifically, yes. Stem has a Free plan covering one till with no expiring trial, and paid plans run USh 20,000 to USh 100,000 a month paid by mobile money. That solves sales, stock and credit. It does not solve payroll or statements, so compare on the job you actually need done rather than on price alone.

What should I ask a POS vendor before buying?

Ask them to turn the internet off and ring up a sale in front of you. Ask what happens to that sale when the connection returns. Ask whether the price is in shillings and whether you can pay by mobile money. And ask plainly what the product does not do, because a vendor who cannot answer that is telling you something.

Want to talk it through?

Describe your shop and we will tell you honestly whether Stem fits, including if the free plan is all you need.

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