You would have heard of POS once or more in your lifetime. So, do you know what POS means? It actually means Point Of Sales. The POS software is used by sellers and retailers to carry on their business. It is like a cashbox in combination with a PC, mobile, or a tablet.
POS software is where products, sales, purchases, cost and tally, and complete financial transactions are maintained. It is a complete billing and management system.
Point Of Sale (POS) Software: Components
- Enterprise Resource Planning (ERP)
- Inventory Tracking
Point Of Sale (POS) Software: Uses
The main use is processing sales. However, this is just a fraction of what it can actually do.
It is able to do the following:
- Analyzing Product Data
- Product Tracking
- Monitoring of sales
- Report Creation and Printing
- Customer Data Management
- Employee Management
- Mobile POS Connection
A good Point Of Sale system has a wide variety of features and options. It can be simple or complex. You can scale (expand) your Point Of Sale system to meet various needs. It is able to meet the requirements small, medium, and even large businesses.
Point Of Sale (POS) Software: Classifications
In essence, it is a mix of hardware and software allowing businesses to make transactions simplified for their day-to-day operational business.