POS(Point Of Sale) means the point at which customer pays to the merchant or shop keeper in exchange of goods or services. Shop keeper would prepare invoice and provide options to customer for making payment. After payment shop keeper give printed receipt to customer. The POS system in various retail businesses would use customized hardware and software as per their requirements.
Basically, we need to choose good POS for retail. A good POS would have different functionalities like,
- Automatic price changing: This functionality is used to increase profitability of business. It would help in reducing workload.
- Automatic time attendance and payroll calculations: This functionality is used to increase accuracy and speed in calculations and employee scheduling.
- Customized reporting wizard: It is used to present data and generate key reports as required.
- Easy and secure cash drawer management operations
- Multiple services payment entry module
- Employee level security
There are lots more features for right POS but one of the most important features is reporting capability of your POS. Reporting feature available in POS system include sales, costs, profits by category and by salesperson. Every business is unique. So, choose your industry specific POS system. There are lots of POS systems available in market. You need to search online and ask different vendors what they offers and in what pricing?
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