WHAT IS A POS SYSTEM AND HOW CAN I GET ONE?

by Ryan David Astrologer

Thanks to the constant advances in today's technology, SMEs have now modern programs that help them boost their sales and gain greater control over their administrative processes.

Among the tools used by these companies, POS systems are undoubtedly one of the most important, they allow greater control over inventory, simplify the tasks of daily sales control and revenue management.

If you do not yet use these programs or plan to implement them in your business, below we will explain the elements that makeup POS systems and their advantages in the management of SMEs.

What is a POS system?

An iPad POS system (or point of sales) is a set of hardware and software tools that allow you to record sales, better control of cash flow, and help you to keep your business accounting up to date.

These programs also help retail companies to improve their customer service at the point of sale by reducing waiting times and loyalty with features such as points for purchases, direct credits and offering them various forms of payment.

How is a POS system composed?

Hardware

As for hardware these systems are composed of computer equipment (desktop computer, laptop or tablet), which is connected with several additional components that allow these programs to record sales and perform various administrative tasks.

Software

As for the software, this system can perform the following functions:

Records sales in invoice forms.

Supports various forms of payment (cash, credit and debit card, points for purchases, etc.)

Print invoices in stripping format and with all the requirements of the law.

Manage product inventory.

Apply special discounts or promotions for customers.

How can I implement this system in my business?

Currently, there are hundreds of software that allow to speed up sales and integrate accounting tools into their platforms, but there is a program that surpasses in functionality all existing ones: SalesVu, a cloud application that has distinguished itself by offering a complete Free POS system, an excellent support service and functions that automatically feed accounting without the need for reprocessing.

If you want to know more about this system, we recommend reading the article “What is a POS system?”, published in the SalesVu Blog, where all the advantages of this accounting tool are explained in detail.