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Point Of Sale, POS, in Accounting Software

If you have a business that takes cash fromresults on a daily basis*
your customers at the front desk then youDoes it have the facility to use a bar code
must have a good and robust point of salescanner and will it open a cash drawer at the
software package, or POS as it is sometimesappropriate time. It is
called.The reasons are quite simple.1. Manyimportant that access to the cash drawer
products today have bar code labels attachedis secure and that it cannot be opened at any
to them. This means that the product can betime without the opening being
fed into the sales invoice via a bar coderecorded* Does it record different types of
scanner. There are several advantages inpayment such as cash, various credit cards
doing this.As the product is scanned into thetypes, account customer payments and
point of sale software, or p.o.s., theso on. This is important so that when
product is immediately recognised by theyou are balancing the cash at the end of the
software. The sales person is not fumblingday you must now what value of
around trying to find the correct productsales was paid for by non cash means* Is it
code, the correct product is charged fornecessary for your Point of Sale system to be
because the sales person isn't given theable to process account customer payments.
opportunity of picking the wrong product fromTherefore having extra money of one form or
a price list.2. You have a computerisedanother in the cash drawer without the
reporting system that tells you exactly whatappropriate saleThere are some other security
has been sold and for how much and the cashissues that also need to be considered when
in the money drawer can be easily reconciledchoosing a POS software system one of the
to this.3. Your stock control is handledmain ones being - after a sale has been made
automatically for you. You know at a glanceand the customer has left the premises is it
exactly which products you are low on andpossible for the sales person to manipulate
need to order as well as which products arethe sale to make it look like a lesser value
not selling very well.4. There is less chancesale and by doing so pocketing some of your
with a point of sale system that your staffmoneyThere is always a temptation for some
can give special prices to their friends, oremployees to help themselves to a little
in fact wether they charge at all, thusextra cash on the side if it is easy to do
reducing theft of stock. There are employeeswith the owners of the business relying on
that see petty stock theft as a perk totrust and honesty coupled with little control
increase their take home pay. In fact thereover how much has been sold and what goods.I
are even those that seem to think it is theirhave seen staff members who have been
right.5. With a sales docket that most pointemployed for long periods of time sabotage or
of sale systems will produce your customerresist new point of sale systems when they
has a professional looking receipt for theare being installed. In some cases they have
transaction and, thereby, improving yourbecome fairly hostile about the whole thing.
business image.6. Point of Sale software (You can only guess why, and it's not just
P.O.S. ) will keep track of any taxbecause they are resistant to change.Point of
implications involved in the sale which willsale software should be able to trigger a
decrease your workload in doing manualcash drawer when the sale is made as well as
calculations.When choosing a point of saleproduce a detailed reciept for the customer.
system you need to be very careful of severalIn some countries it is required by law that
factors -* Is the P.O.S. suitable for yourthese receipts also give details of the tax
industry* Is it easy to use or will you havethat has been charged.I have been involved in
to give new staff extensive and costlyall aspects of the accounting software
training* Does it track and keep record ofindustry for over 20 years. I run several
all sales history so that you can view yourwebsites that specialize in various subjects
daily transactions or is it merely a recieptincluding that gives advice on all aspects
producing mechanism* Does itof accounting software from choosing, setting
have a back office accounting system that itup and using it.
links up to or will you have to amny post the



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