What is POS system? The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but is increasingly being dispensed with or sent electronically.
Requirements for POS system:
Basically, you need POS Software developed by oversee installed on your device and hardware such as thermal printer, barcode scanner, weighing scale machine, card swiping machine for debit and credit purchase, a computer terminal and any other devices that fulfils your requirement.
Uses of POS system
1. Simplifies the accounting process.
2. Manages inventory system.
3. Provides faster service, unlike old time cash registry.
4. Provides real-time notification.
5. Customer support helps to serve a better service for your customers
6.Minimal effort required for maintaining stock management.
7. Allows to search and save customers details.
8. Analyzing the report shows the performance of a business.
How to choose the best POS software for your company?
Finding a single solution for all your retail billing issues. Some of the criteria to look through while you start a retail businessYou have to customize your software according to your need. For instance, the restaurant needs a kitchen display system as extras for their kitchen management system while supermarkets only need accounting and stock management. To know what software best suits you, contact our administrator and discuss to design customized software exclusively for your business.