Point of sale (POS) system is the spot where your customer makes the payment for goods or services that are offered by your company.
Point of sale systems are systems that enable the business transaction between the client and the company to be completed. POS system is a computerized network that consists of the main computer linked with several checkout terminals and supported by different hardware features starting from barcode scanners and ending with card payment terminals. As businesses have different profiles they need various point of sale systems.
For example, restaurants, retail businesses, and grocery stores all have their specialties and they need a POS system that meets their specific needs.
A food store requires a scale at the point of sale and a cafe needs to have an opportunity to customize menus in case of special offers. But in general, there are two primary types of businesses that need the point of sale system. These are retail companies and hospitality businesses such as restaurants and hotels. That also means that there are mainly two suitable POS systems one for retail and the other for restaurant businesses.
How Useful is POS System?
- It allows better analytical thinking and planning.
- It allows you to Increase your business efficiency.
- It allows you to make personal client communication more efficient.
Classifications of point-of-sale software:
These systems include:
- Mobile POS.
- Terminal POS
- Cloud-Hosted POS.
Cash registers are used to record payment amounts and to handle cash throughout the business day. There are multiple types of cash registers, including electronic registers, Square iPad cash registers, and other computer-based registers. While each register has some unique features, they all share similarities in their operation.
Advantages of Cash Register:
- Your Inventory control will be accurate.
- It speeds up the checkout process.
- Barcode labelling.
- Keep Tabs on employee time cards.
- Loyalty cards for employees.
- Accurate records.
- You get to integrate your accounting.
- E-commerce Integration.