Point of sale, also known as point of service or point of purchase – is the location where a transaction takes place or more generally refers to the hardware or software that is required to make the check out process possible, i.e. cash register.
Point of sale software adds up the sales totals, figures the sales tax, calculates the change to be given from the amount tendered and automatically adjusts the store’s inventory levels to debit the amount of inventory sold (an automatic stock take). There are various POS systems available, make sure that the system you buy meets all your business requirements.
Point of sale hardware is the equipment that accounts for the biggest part of a POS system and can include the card reading machines and printers as well as computer systems, servers and cash registers.
One of the most basic POS systems are usually found in supermarkets that include a cash register and a scanner. But there are also various more complex POS systems available depending on the type of business you have and what you require of your point of sale system.
Where ever you go no point of sale systems have become a must have for almost all businesses, you can even find them at hotels, casinos and sports stadiums. The POS system with technology evolving is now also a part of the online purchasing craze. |
