27-10-2014, 09:49 AM
Abstracts: POS-The physical location at which goods are sold to customers. The point of sale is often more specific than the general building or store where something is sold, typically indicating the piece of technology which is used to finalize the transaction. In many cases, this is a standard cash register at the front of the store; in some cases, such as at a restaurant, the point of sale can be an electronic system which is used by the staff for multiple purposes, in this case including ringing up orders as well as generating the receipt and finalizing the purchase. Point of sale software gives business owner a convenient way of checking out customers and of recording sales. It can keep a record of the store inventory, updating it when an order is processed. It can also print out receipts carry out credit card processing, track customers, etc. Point of Sale software eases the flow at checkout terminals, while recording all the information that can help you make better business decisions. Point of Sale software allows user to input via keyboard or mouse, and some even have a touch screen interface. You can install the software on your checkout register. When checking out a customer you can either input the sales item yourself or a bar code scanner. The point of sale software will look up the item in the inventory and bring the price. It can also calculate tax on the item and change for the customer. POS software can print out receipts and reports. Point of Sale software make your business accounting a lot easier by creating reports on inventory, sales, customers, etc. Since it is already recording each sale, it can easily tell you the sales and revenue of the day. Point of Sale software can also help with credit card processing. Credit cards are the preferred method of payment. People do not carry around cash for all their purchases. Credit card is convenient method of payment and if you do not have credit card processing, your business can lose some of its competitiveness. Point of Sale software receives input from the POS hardware, which is the scanning station for the credit card. You will need a merchant account for the point of sale software to do its job.