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If you are out there and just situated at the other side of the counter during a point-of-sale transaction, chances are, you have no idea just how it works and including the amazing functions that go with it.
In its most basic form as a cash register that transacts payments, the POS has evolved into a computerized system stored in an intricate product database placed on a computer server.
Beyond the facade of just being a transaction tool is a wholly smart software and hardware system rolled into one that tracks sales, rings up items by department, calculates taxes and produces receipts.
Normally it starts from a sale in the store when the customer goes to the cashier to buy.
For online stores it is when the product is already in the cart and the buy button is pressed.
The next one is when the retail POS calculates the price of the item together with the sales tax.
Then the customer pays through cash, credit, debit, gift card and loyalty card.
This is when the actual point of sales, POS transaction, is finalized.
What POS System Can Do To Your Business
If you have just started your business and are trying to learn more about the POS system or retail pos and what it can do to your business, and if you are really planning to get one, here is what a POS system is all about:
Hardware or Software
- Although it is both a hardware and a software system a retail POS may just consist of just a software.
- Not all businesses utilize the retail POS hardware.
- It actually depends on the nature of the business.
- An online store wouldn’t need hardware, only the one in an actual store.
- In fact a food truck business may have a much simpler need; just a tablet will do the job!
- Think about it if you want to simplify things you can just use a POS and inventory management software to help meet the growing demands of your business so it can do more tasks like inventory management than just merely accept payments.
Retail POS or Restaurant POS
- When it comes to choosing the best retail pos system, it’s not generic.
- It all depends on the business type and how these systems synergize and operate.
- Various kinds of businesses operate in different ways and really vary from one to another.
- With this said, one business can get retail pos and obviously a restaurant business can get the most value from a restaurant POS system.
- Do consider using one that’s made specifically for the kind of business and operational process.
- A) Retail POS systems
- This is basically the norm.
- The customer chooses a product, goes to the checkout counter, then the cashier scans the product through the scanner and scans and adds all the rest of the items including the taxes.
BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.- Payment is made by the customer soon after.
- However, much is expected by the business owner more than just the sale.
- The owner needs to collate data and track the sales and inventory of the sales for the day.
- These features need to be considered in looking for the best retail POS system.
- Look for an advanced inventory management feature which is able to do inventory according to the ff: sizes, colors, models, or styles of items .
- Scout for a customer relationship management (CRM) so you can improve on customer experience and can help meet customer service needs.
- Find a Layaway feature to help customers keep their budget afloat yet afford those expensive ones for sale.
- Set up and impose employee commissions to encourage your sales team to sell more and beat targets .
- B) Restaurant POS Systems
- In comparison to retail POS systems, bar and restaurant POS systems are entirely different when it comes to operational procedures at the point of purchase.
- Depending on the kind of restaurant whether it be a fine-dining and formal one, or a neighborhood cafe, a fast food canteen or office cafeteria; you will really need a restaurant POS system designed for your specific niche in food and beverage.
- C) Quick-Service Restaurants
- When it comes to quick-service restaurant POS systems, the order and transaction process is basically the same with the retail pos systems.
There is still so much more to learn about the retail POS solutions and what it can offer your organization.
Read on the future write ups as topics on POS are painstakingly discussed bit by bit in the coming weeks.
In the meantime, while you are still searching for the most apt one for your business, there is a reliable POS solution that you can review on: EasyPOS.
Here are the following features of EasyPOS:
- Complete sales and inventory system with item components for backflushing inventory.
- Two user Interface: Barcode (for grocery) and Touch screen (for restaurants)
- Unlimited discounting, Multiple price levels, Unlimited pay types, e.g., Cash, Credit Cards, Gift Certificates, etc.
- Customizable restaurant setups, from menu items to table groupings.
- Multiple users with ordering capability for pharmacy and restaurants.
- BIR Accredited
You can read more details on: https://human-incubator.com/easy-pos/
BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.
