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POS Cash Register is a cash register that is consisted of a Point of sale hardware and software. It comes with so many facilities that is worthy to the shop owners. That is why POS cash register is replacing the traditional cash register.
Different Types of POS Cash Register
There are mainly three types of POS cash register is available in the market, such as—
* Cash register for retail stores
* Cash register for restaurants
* Touch screen enabled cash registers
The main difference between the software that is software employed. The software is the most important component of a system. The software has to do complex mathematical calculations at any given point. The data is displayed on the screen as an output and a print out of the data is taken for accounting purposes. The data is also transferred to another machine for future purposes.
For using a POS cash register efficiently, outdated practice is required or it is impossible for the users to cope with the upgraded technologies. Registers that are used by the retail shopkeepers have more functions that the ones that are used in the restaurants. Some of the more improved versions are available with the fingerprinting technologies to provide more security. Touch screen cash register is the latest version of POS cash register.
The Benefits of POS Cash Register
* The register will add more value to cover the initial cost.
* No matter how great your product volume, it will cover it.
* It makes the business complexity so easy.
* It can manage daily operation such as sales tracking, refunds, time clocks, menus, pricing, revenue maximization, etc easily.
* Some system comes with more functionality such as reservation and table management for restaurants, hotels, bars, and any business in the food service industry.
* It delivers better workflow for staff also improves customer service and increases customer throughput.
* It helps to manage large numbers of customers and groups and allows restaurant businesses to combine multiple services into a single invoice.
* The registers come with superior reporting and analysis features.
* Streamlines inventory management and back Office integration is other two most important benefits of the system
Which is Better, Cash Register or POS Cash Register?
Cash register and POS cash register both are used in the shops. However, POS cash register are designed to help businesses control costs, reduce time to run the business and ease decision-making. They can perform more functions than a cash register.
POS system helps shopkeepers to track inventory movements. It can also help to track the best sellers, store customers and sales and purchase data. Another thing is that in a retail shop it informs the shopkeeper about the products that he needs to order. A traditional cash register can not do such works. It only helps the shop owners to manage the daily account.
POS will provide you great control on the business. Shop owners can take critical decision based on the consolidated data from all of parts of their business that the POS system provides. Its real time cost and inventory control helps to highlight true profitability. These are quite impossible for the traditional cash registers.
In POS systems, third party systems like CCTV cameras, paging, gaming, account software or back office software can be installed. These are quite impossible for the traditional cash registers.
So we can say that POS cash register is far better and worthy than the Cash Registers.
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