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POS Stands For Point of Sale. A Point-Of-Sale (POS) Transaction Is What Takes Place Between A

POS stands for point of sale. A POS system allows merchants to complete transactions with customers and provides detailed sales reports. POS systems make transactions easier for staff and customers. They allow businesses to easily generate accounting reports like balance sheets and ledgers. Retail stores and local shops would benefit from purchasing a POS system to automate accounting tasks and gain insights from sales reports.

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Umer Abid
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39 views2 pages

POS Stands For Point of Sale. A Point-Of-Sale (POS) Transaction Is What Takes Place Between A

POS stands for point of sale. A POS system allows merchants to complete transactions with customers and provides detailed sales reports. POS systems make transactions easier for staff and customers. They allow businesses to easily generate accounting reports like balance sheets and ledgers. Retail stores and local shops would benefit from purchasing a POS system to automate accounting tasks and gain insights from sales reports.

Uploaded by

Umer Abid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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POS

What is POS?

POS stands for point of sale. A point-of-sale (POS) transaction is what takes place between a
merchant and a customer when a product or service is purchased, commonly using a point of
sale system to complete the transaction.

What Benefit does POS give?

The main advantage of a computerized POS system over a cash box or a cash register is the
sophisticated and detailed sales reports it provides. The software lets you analyze sales in
different ways, such as by SKU (item sold), time periods, promotions, by store if you have more
than one, or even by sales clerk.

Why are POS System important?

With POS systems however, they are designed to be user friendly, with a sole purpose of
making life easier and business better. They allow staff to focus their attention on the customer,
as well as the physical preparation and sale of products, cementing the most important values
of retail.

Why People would purchase POS?

Local market spends almost a week to close their monthly accounts register; through POS they
can do this activity by a single click. Computerized POS will record every single business
activity within itself and record it in reports. Those reports actually give a detailed information on
customer ledger, supplier ledger, inventory management, sales management, purchase
management, accounting reports like balance sheet, account statement, ledgers, or any other
report that client may ask us to give.

Who would purchase POS?

Retail store, general store, local stores, any store who have daily purchase and sales activity
would need it. All the shop keepers record their business activity in a sales register till date
which creates huge mess at the end of the month when they look forward to close the month.
POS will allow them to have the automatic monthly report of all their customer and supplier
along with stock inventory report.
POS Functions:

Basic:

 Inventory tracking and management. ...


 Sales reporting and analytics. ...
 Customer management. ...
 Supplier management
 Accounting reports

Advanced:

 Employee management.
 SMS Service
 Stock Return
 Stock transfer and adjustment
 Notification and reminder

Professional:

 Future Sales Prediction with (AI)


 Customized Features according to business requirement
 Multiple store linking
 Google Location Tracking of Employee

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