For one to complete the necessary transactions in a retail business, there is a point of sale to do it which is also referred to as the point of purchase. At the point of sale, the merchant will calculate and indicates the amount the customer owes to the retail. An invoice will be prepared showing the total amount of the products or services that have been given to the customer as well as the means of payment which he/she can use. At the point of sale, the customer will then make payments in exchange for the goods bought or the services received. Once the payment has been made, the customer is issued a receipt to show a complete transaction has been made which can be printed, be sent electronically or can be dispensed to the customer. There are various ways which have been put in place for calculating the number of goods or services received such as use of a barcode scanner, weighing scale as well as cash register.
POS systems have help replace the need of price tags in the retail businesses as many businesses all over the world are adopting the systems. POS systems also make use of a POS terminal software which may be having additional features for functioning such as inventory management, warehousing, financials as well as customer relationship management for the current and potential customers. The selling prices of the items in a business can be determined by linking the product code to the selling price which will only require the product code to be scanned showing the price of the item. Other benefits of the POS systems include the implementation of discounts on various products, loyalty schemes for the customers as well as controlling the stock efficiently.
When one is in need of a suitable POS system for use in their retail outlet, there are things that one has to consider. The major concern for the POS system is to promise of security form those handling the system more so the cashiers who might bypass scanning certain items which they later benefit from on the sales window. To prevent such security bleaches, it is important for the POS system to have an admin window which can only be accessed by a superior person in the retail outlet to generate and inspect all the list of sales made in a day more so to those that were cancelled before completion, negative receipts as well as the refunded receipts. Since the POS system is a technological advancement, customer need it to be reliable and fast so as to save on time.