A point of sale (POS) system, also known as a cashier system, is a computerized accounting system that a retailer or restaurant uses to facilitate sales transactions.
An accounting system is a mutation recording indispensable items for audit purposes. As technology advances, the accounting system that is done manually is considered efficient again.
Then came the new system, as described in the first paragraph above, the system of application Point of Sales (POS). POS will be very helpful and optimize enterprise performance. This system will be able to measure the level of income of the company quickly and accurately because it is computerized.
What is the point of sale (POS)?
Point of Sales, or POS, can be simply interpreted as an application system that registers and assists in the process of buying and selling transactions that occur in the company.
Before the POS system was developed, a store or place of business used what are known as “Cash Register” machines. Some even use manual recordings or memorandums in business.
Along with technological advances, a cash register conducted at the checkout counter is not considered sufficient because the system can only record the cash register and calculate the transaction. So there is a new development, which is software point of sale (POS).
The POS system components that run each time a transaction process consists of:
- Hardware, namely in the form of terminals or PCs, receipt printers, cash drawers, payment terminals, and barcode scanners.
- Software, namely in the form of iventory management, reporting, purchasing, customer management, transaction security standards, and returns processing.
Point of Sale (POS) Advantages and Applications
Point of sale (POS) is not only intended to speed up and simplify the process, but could also have an impact on the neatness of the administrative system. Transaction information that can be used by management to evaluate all existing transactions.
The following are the benefits of the use of point of sales (POS) in sales activities:
- Reports are provided with quick transactions.
- Being able to record expenses and income items and deduce the amount of goods in stock.
- Make it easier for managers to keep track of all transactions that take place.
- Being able to record receivable payments made by customers to the owner of the company is essential.
- Being able to show sales trends based on business needs that can be estimated making it easier for companies to make decisions for the future if needed.
Meanwhile, the following usefulness of the POS system is as follows:
- Improved quality of service
- Improved business image
- Competitive advantage
- Ease of process control and decision-making
How it works Point-of-Sale (POS) System
Currently, the point of sales systems are already equipped with various features. Such features make it easier for users to record sales much better than using a cash register.
Barcode scanning and display of the transaction, which is a component of the POS, will provide an accurate report and more detail in daily transactions. In addition, the POS system can also track inventory in a better way.
Here’s how to use the Point of Sales system:
With the payment software integrated with the model point of sales, customers can take advantage of a debit or credit card when making purchases.
The point of sale terminal is electronically connected to a bank owned by the entrepreneur or the owner of the shop, which is in turn connected to a financial tracking system.
The POS system will display the transaction and calculate the sales tax or discount. These systems are usually equipped with an inventory tracking platform that can immediately remove the items from the inventory at the time the sale transaction occurs.
The POS system can be integrated with other applications, for example in a restaurant or a restaurant that is integrated with seating guests or waiting lists.
Businesses that have many branches can use the system’s point of sale (POS), which is Internet-based. Owners can access the daily total revenue of all locations where businesses are found.
The development of the point of sale system aims to be able to interact with the accounting system, which can track expenses, employee salaries, working hours of employees, inventory, and revenue.
The point-of-sale transaction consists of hardware (hardware) that can print a copy of the purchase receipt for consumers.
Business people can use a thermal printer that can print faster, without making a noise, and more durable. This type of printer has fewer moving parts that need to be adjusted when printing the receipt.
Besides the printer, there is also a cash drawer (cash drawer payment) connected to the Point of Sale software. This cash drawer is set to open automatically when the cashier ends the transaction process. Cash drawers must be safe and can be opened manually by only managers.
If you have used a debit or credit card for the transaction process in a store, the tool used to grant the debit card or credit is called a swipe reader card. This tool is also integrated with the point of sale system so that consumers can enter a PIN to transact.
Most of the Point of Sale (POS) hardware also includes a barcode scanner. The cashier simply directs this tool to a barcode on the product purchased by consumers so that the price of goods is automatically entered into the transaction control program and inventory.
This postal system was created in the hopes of managing data quickly and precisely. This application can be used easily by the owner and will save time in doing books. Are you interested in implementing a point of sales system in your business ?
Reference by. https://www.pengadaanbarang.co.id/2020/09/point-of-sales.html