POS stands for Point of Sale, which is a combination of hardware and software designed to help you run your business more effectively. Where traditional till systems record sales, POS systems not only record this transactional information but can then generate detailed reports in response to the input data.

When choosing a POS system, it’s important to get one that’s tailored to your industry and business needs. The best POS system will come with the tools you need to nurture and grow your business, such as customizable insights, inventory management, and integrations with many apps. Some point of sale systems are designed for the hospitality and retail sectors, coming with scales, kitchen displays, and handheld devices.

Unlike traditional cash registers, POS systems perform a wide range of functions, including inventory management, sales reporting, staff management, barcoding, customer relationship management, and payment processing. 

A POS system connects to the internet and integrates with payment providers to process cash and credit/debit transactions. It also stores all of your data securely in the cloud so that you can access it anywhere and from any device.

Point of sale systems are easy to set up for the most part. If you can use a smartphone or tablet, then you will have no trouble operating a POS system. 

The cost of a POS system varies between providers. Some companies will charge you nothing but take a percentage from each transaction. Others may charge you an upfront fee to buy the system outright. If you add app integrations, you could pay an added monthly fee. The OpenPOS complete Point of Sale System with cost just 64$ for LIFE TIME*