A POS (Point-Of-Sale) system is a computer system typically used to manage the sales in retail stores. It includes hardware components such as a computer, a bar code scanner, a printer and also software to manage the operation of the store.
The most basic function of a POS system is to handle sales.
- Direct interface with General Ledger
- Maintain and monitor inventory availability
- Easy to use interface
- Multiple cash registers
- Multiple Stores
- Cash drawer balancing
- End of day close out
- Multiple tax table options
- Serial number and lot tracking
- Supports point of sale hardware
- Purchase Order receiving and creating
- Active/Inactive status of Items
- Date and time stamp notes on customers and transactions
- Send documents by fax, email, printer
- Timely information improves accountability and cash flow
- Flexible pricing
- Serialized, lot control and expire date controlled items
- Physical Inventory processing
- Min/Max qty for stock location
- Automatic Reorder logic
- Stock can be transferred between locations
