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- Feb 25 2023 12:00:42
POS - The next smart move to build your business
Cloud-based POS is the POS software type in which all data and information are being stored in an online server and can be accessed anywhere through the Internet. Remote access, real-time sync, data security, scalability, scalability, and cost efficiency are some of the advantages of cloud-based POS systems. These systems are more self-sufficient and less user-dependent. For example, if the internet goes down, sales will continue to be logged and simply update automatically when the system is back online. This makes it a preferable choice for many retailers.
POS Softwares -
1. Create professional invoice
2. Manage business inventory: Manage quantity of stock to determine when and how often to order products
3. Accounting made easy: Record all business transactions such as Sales, Purchases, Quotations and Returns.
4. Analyze business reports: Record and analyze sales data to make informed business decisions.
5. Customer management: Log purchases and keep in touch with customers through marketing tools
6. Employee management: Track employees' hours, sales, and performance.
POS hardware comes in many forms, but collectively, it’s the physical input devices that allow users to carry out the functions of the software. These are the common physical components required to run your POS smoothly:
1. Monitor/ Tablet:
A normal computer screen, a tablet, or even a mobile phone-size screen is used for this purpose. It displays the product database, employee clock-in, and displays the sales reports.
2. Weighing scale:
A broad spectrum of weighing scales are now available in the market. It can simply be a weighing scale, or can be with a sticker module in it, or even comes with a built-in billing module with it.
3. Barcode/Label printer:
Barcodes can be printed that can include the packing date, expiry date, weight/amount and price, and much more, that can be displayed on your product.
4. Barcode scanner:
Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcode scanners can also integrate with inventory management systems to automatically adjust stock levels.
5. Receipt printer:
Receipt printers are an important part of a point of sale (POS) system. They are used in retail environments to print credit card slips and customer receipts. Email and text receipts may be gaining popularity, but paper receipts remain essential for providing customers with a quick snapshot of their purchase or returns.
6. Credit card reader:
Credit card readers are inevitable part of a POS system, because nowadays people prefer card payment over cash payment.
7. Cash drawer:
There are people who still choose to pay in cash. So the cash drawers can’t be avoided in POS.
Types of POS systems
1. On premise Terminal POS Systems
An on-premise POS can also be called a traditional POS, a legacy POS, or an on-site POS. This type of POS system includes the hardware and software together.
2. Cloud-Based Terminal POS System
3. Mobile POS System
4. Self-Service Kiosks
5. All-in-one POS System
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