22 Jan

Difference between Cash Registers and POS Systems

Businesses are always looking for faster, more efficient ways of doing things. For this reason, many of them have ditched their cash registers and made the transition to point of sale (POS) systems. In a nutshell, a cash register is a machine that records sales transactions, gives change and holds money. A POS system is a computerized system that handles financial transactions, tracks inventory, and records many types of business data.The biggest difference between a cash register and a POS system is efficiency and communication. When a transaction is processed at a retail store or any other type of business, the POS system not only records the transaction, it automatically does real-time tracking of everything related to what the customer purchased.For instance, if a customer buys a purse, the POS system will record everything about the transaction including the tax information. Once the information is captured, it is stored in a database where authorized company reps can access it when they need to.

Meeting Today’s Business Challenges

One of the biggest challenges for businesses is keeping the items customers want in stock. The larger the business, the more problematic this issue can become. A POS system fixes the problem by acting as the granddaddy of inventory tracking systems.

The computerized system keeps tabs of every item sold. If it’s necessary, an order can be placed to restock the item immediately. Since all the inventory information is computerized, business managers can easily track which items are hot and which items aren’t selling so well.

Shifts in Business Trends

Although cash registers have evolved over the years, they are being used less and less in retail, restaurant and hospitality settings. These machines are typically set up to record sales. If you want to keep track of inventory, marketing information, employee work hours and other business data, you’re out of luck.

Cash registers can be either manual or electronic. Unless you pass through a small town where the next filling station is 100 miles away, you’re not likely to find many places using manual cash registers. Most businesses that still use registers opt for the electronic versions because they’re faster and more accurate.

Meeting Industry Specific Needs

Because a point of sale system is made up of hardware and software, it can be as simple or as elaborate as you want. A chain of retail stores and a small car rental service have totally different needs. For this reason, a one-size-fits-all way of recording data isn’t logical. Unlike cash registers, POS systems can be customized to fit the needs of the businesses that use them.

In today’s competitive market, businesses can’t afford to be inefficient. This is one reason a lot of them are getting rid of their cash registers and transitioning to POS systems. In the long run, the systems will improve efficiency, reduce administrative costs, streamline record keeping and improve customer service.

If you are considering a point of sale system, consider Bepoz POS for your restaurant or retail operation.

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Thank you for your interest in BEPOZ!
Fill out this form and we'll contact you to finalize the time. Then we'll set up the system specific to the needs of your business.
Thank you for your interest in BEPOZ!
Fill out this form and we'll contact you to finalize the time. Then we'll set up the system specific to the needs of your business.
Thank you for your interest in BEPOZ!
Fill out this form and we'll contact you to finalize the time. Then we'll set up the system specific to the needs of your business.
Thank you for your interest in BEPOZ!
Fill out this form and we'll contact you to finalize the time. Then we'll set up the system specific to the needs of your business.
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Fill out this form and we'll contact you to finalize the time. Then we'll set up the system specific to the needs of your business.
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Fill out this form and we'll contact you to finalize the time. Then we'll set up the system specific to the needs of your business.