Point of Sale (POS) Systems
Stand alone or Networked systems designed for Point Of Sale operations. An electronic register and business solutions system in Cloud Computing
POS (point of sale) software programs let you track and monitor changes in stock costs, calculate when you need to reorder, and analyze your inventory levels on an item-by-item basis. You can even control stock levels right at the cash register with point-of-sale (POS) software systems. POS software records each sale when it happens, so that your stock records are always up-to-date.
You will get better information about the sale than you could with a manual book keeping system. You can extract reports based on the information, so you can make better decisions about your business.You can add extra devices to your register, including bar-code scanners, credit card readers, receipt printers or printers. Most POS software and hardware packages come with integrated accounting, accounts receivable, accounts payable, purchasing, and stock control systems.
A POS system can be an all-in-one system to keep track of your business's cash, accounting and stock flow needs.There are options on the Cloud (internet) for POS systems allowing you to add apps of your choice, or get and app created specifically for you, work anywhere in the world, or at the local markets on a weekend, still accessing your own stock inventory, sales data and website, get instant access to stock control knowing your website, store and market sales are all kept up to date financially and available stock levels.
Link different kinds of hardware to the same system for store (register), web and weekend markets (tablet phone or laptop).POS systems can now work over most software platforms which include, Windows, Android and Apple, Pc’s Tablets or Smart Phones, meaning anywhere anytime access and security for both the cloud and off line.
With a POS system:
- You can analyze sales data, figure out how well all the items on your shelves sell, and adjust purchasing levels accordingly, at the store or at home accessing the same data
- You can maintain a sales history to help adjust your buying decisions for seasonal purchasing trends.
- You can improve pricing accuracy by integrating bar-code scanners and credit card authorization ability with the POS system.
What do you want from your POS system?
- Ease of use. Look for software and hardware that you understand.
- Entry of sales information. Make sure it works for you, searching for information in a way you can understand.
- Pricing. Look for a system with flexibility i.e. if you want to give staff discounts, volume discounts or end of year sales
- Updating product information. As soon as a sale is entered, POS systems automatically update stock levels and accounts receivable records.
- Sales tracking options. Take care of lay buys or 7 day accounts
- Security. You need to look after your documentation. Most of these systems provide audit trails so you can trace any problems.
- Taxes. Look after your GST and Import taxes
- Ease of support: Buy all your needs from one supplier that way there is only one contact if something goes wrong.
- Ask the right questions: Some software is for high turnover sales others for big ticket slow selling items, be aware of what to ask, for example, Is it better to get an all in one system or buy separate hard Ware and software? Ease of use and ease of support is the key.
- We are all unique and so is your business; Some POS system retailer will customise your POS system if you want a feature that is not available in any of the commercially bought systems.
POS systems can help you control your business to track stock and finances, know how much you are owed, how much you owe and how much stock you have on hand.Reporting allows you to track your best or worst selling item, allows you to do a stock take working out any losses (or bonuses) incurred.
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