Point of Sale
Point of Sale (POS) is the application software where your customers make payments for goods or services offered by your business. Transactions at the point of sale can occur directly or online, with receipts printed or generated electronically. This software is becoming increasingly popular among store owners worldwide.
POS SOFTWARE
A POS system simplifies transactions by automating the checkout process and managing inventory. Furthermore, it enhances efficiency by tracking sales and generating reports. Additionally, modern POS systems support various payment methods, making it easier for customers to complete purchases.
Hardware Components of a POS System
These are the common physical components required to get your POS up and running.
Monitor/ Tablet: The system displays the product database and enables other functions, such as employee clock-in and viewing sales reports. Additionally, tablets, especially iPads, are popular for replacing bulkier monitors, offering a more streamlined and efficient setup.
Barcode Scanner: The system automates the checkout process by scanning barcodes, which pull product info and add it to the total. Furthermore, barcode scanners can also assist in inventory management and tracking. integrate with inventory management systems to automatically adjust stock levels.
Credit Card Reader: Since the EMV payment standard went live in 2015, secure and EMV-compliant credit card readers have become essential. Additionally, retailers who are non-compliant risk significant losses due to fraud liability.
Cash Drawer: Cash may become less common in the future, but it remains a dominant payment method for now. In the meantime, you’ll need a secure place to store cash for transactions. Moreover, an advantage of cash payments is the absence of credit card fees.
POS Printer: Email and text receipts are gaining popularity, but paper receipts still play a crucial role. Additionally, they provide customers with a quick snapshot of their purchase or returns, making them an essential option.
Features of POS System Software
- Sales Management
- Sales with (without, partial or full) payment
- Sales return
- Customer Management
- Purchase Management
- Purchase with (without, partial or full) payment
- Supplier Management
- Account Head Management
- Journal Management
- Money Receipt
- Purchase Report
- Purchase Return Report
- Sales Report
- Sales Return Report
- Inventory report
- Unrealized report / Bill Receivable
- Liabilities / Bills payable
- Ledger
- Balance Sheet
- Cash Book
- Bank Book
Packages
Package Name |
Basic |
Advance |
User Access | 3 person | 5 person |
Sales Management | ||
Customer Management | ||
Purchase Management | ||
Supplier Management | ||
Money Receipt | ||
Payment Receipt | ||
Ledger Report | ||
Inventory Report | ||
Purchase Report | ||
Sales Report | ||
Bill Payable Report | ||
Bill Receivable Report | ||
Journal Management | ||
Trial Balance Report | ||
Balance Sheet Report | ||
Income Statement Report | ||
Cashbook Report | ||
Bank book Report |