It’s one of the biggest decisions you will make in your business—choosing a cash register or Point-of-Sale (POS) system. It’s certainly not an easy choice for a start-up, but in the long run it could be the technology that really helps to build your business whether it’s in the restaurant or retail space.
Cash Register Defined
Most people know what a cash register is and does so we won’t go into great detail. They’ve been around since the 1800’s, and are being used less and less and technology continues to grow. However, they are a simplistic way to receive sales transactions, hold money, calculate tax, print receipts, and give change to your customers. You could probably purchase one for a couple hundred dollars on average.
A POS is an advanced version of the cash register. It can do all the basics like a cash register, and it helps your business operate more effectively and efficiently through features like inventory control, real-time data reporting and analysis, employee monitoring, and more. Read about other features that can make a POS system more desirable than a cash register.
In addition, a standard POS system includes hardware like a computer, software, printer, barcode scanner, and a credit card reader. Cloud-based systems that run on mobile devices don’t require a physical server on site. That’s because all the software is accessed and saved online.
The cost for a POS ranges with various software and hardware options per terminal. Bepoz does provide leasing options for those interested in this route.
Cash Register VS POS
If you’re interested in utilizing a tool that provides more than just a sales transaction, a POS system is the way to go. However, if you’re just getting started and you are strapped for cash, perhaps a cash register could be a starting point with a goal to eventually upgrade to a POS. Here are some signs that will help you know when it’s time to make the switch.
In the meantime, learn more about what Bepoz has to offer. Call us for a free demo today!