Why your bakery/ restaurant need POS billing software?

One of the most basic needs of any business is the ability to accurately track sales and other vital transactions. While many small or new businesses typically keep track of sales manually with a written ledger or utilize spreadsheet software like Excel, POS (Point Of Sale) systems provide automatic record keeping solutions along with many other advantages that can help small businesses succeed in a competitive economy. A POS system typically consists of software installed on a cash register terminal that communicates with another standard computer that stores transaction data and other vital information that is vital to maintaining a business bottom line.

A POS Software allows you to effectively track sales, analyze profits/expenses in detail, maintain inventory, analyze sale trends, as well as allow you to manage employees and other store operations. In essence, the POS software combines managerial duties, bookkeeping, and transaction management into a small automated system that costs far less to utilize as opposed to hiring employees to handle these duties. 

In addition to the hardware, the system operates on, POS units include proprietary software that collects and analyzes detailed information about purchases and other transactions. This data typically 

• Item Information
• Costs/Expenses
• Payment Method
• Stock/Inventory
• Purchase/Transaction Record
• Employee Time Clocking
• Tax/Discount Calculation

POS billing software can assist a store manager by constantly collecting analytic data to produce detailed spreadsheet reports, eliminating the need for manually inputting formulae and data into a spreadsheet program. This helps you to determine the best way to maximize sales, determine what inventory restocked, easily and accurately do taxes, and other vital operations. Some POS systems even save information that shoppers submit (such as email addresses), or that it gains from credit card users. This information can then be used to send customers special deals, or alert them of upcoming events or sales.

Pros:

1. Hardware independent:  User don’t need to invest in expensive equipment, User can run the software with PC, tablet or phone as long as the device has an active internet connection.

2. Mobility: This software enables retailers to use mobile phone or tablet as a POS –  a very convenient proposition for small and medium-sized retailers who wish to be flexible on the shop floor without investing a fortune in tech.

3. Little technical knowledge required: All issues are directly solved by our providers. This does not only save you money but also it ensures that all issues are taken care of promptly.

4. Anytime, anywhere access to data: As all data is saved instantaneously, you can track sales as they happen, update prices and place orders wherever you are

5. Backup of information:  As all information is backed up automatically, you don’t have to worry about losing data in a computer crash.

Cons:

Connectivity: POS requires internet connection constantly, any problem in network result in risk of a break in service.