Ways in which point of sale function :-

Places where goods and services are brought and sold are known as point of sales or POS or checkouts . The purchaser of goods and services , make payments to the retailers or service providers in return of their goods and services .The vendors find out the amount outstanding to them in various ways . They use manual system , electronic cash register , scanner , weighing machine to calculate the amount due .They facilitate the payment through hardware and options , to the customer . Generally , the retailers issue cash receipts of the sales made . The retail industries , usually regulate the functions of small and medium scale retailers as per their needs . A modern POS is the provider of modern and sophisticated functions in the segments like , CRM , financial , warehousing , stocks , all of which are developed in the POS system . Before the introduction of modern Point of sales ,  all the operations were done manually , which included lots of mistakes .

Some of the websites facilitate the download of point of sales software . Once you install these softwares in your computer , you would be able to operate restaurant POS , Retail POS , Beauty saloon POS , etc , through it . These websites also look after your merchant account requirements  , by providing the merchant account that works efficiently with all the hardwares and softwares of the system . With their tie up with the top payment processing companies , these web pages also solves the payment processing issues . Once you install the application from the site and you get the entire package of cash drawer , thermal receipt printer , barcode scanner , credit card reader and software for variety of point of sales that includes restaurant POS , Retail POS , Beauty saloon POS , grocery POS  etc . The retail software installed from these websites is the best for any retail shops . These softwares facilitate tracking of stocks , sales processing and reporting , Age verification feature , bar code and label creation , consumer loyalty feature , overall sales report , credit card integration , etc . Touch screen point of sale system is also provided by these softwares , with the growing demand for it . Touch screen point of sale system, magnetic bar code reader mouse , keyboard  facilitates wireless data terminal , upload of data , checking of price terminal , and other such functions . The software downloaded also supports the tax system , facilitated with the installation of merchant account . Businessmen prefer credit card POS terminal in POS system , so that the details of credit card is automatically recorded while using it . The characteristic feature and operations of credit card terminals includes , accepting of domestic and foreign credit and debit cards , though the foreign credit card requires more processing costs ,  entry of key , tips and gratuities facilities , refunds and adjustments ,  settlement , pre – authorization , remote intialisation and software updates ,  POS integration , multi merchant capabilities , Pen or PIN authorization by the customers ,surcharge function and keyword operation .

Modern POS system should be very fast in their operation , dependable , comfortable in handling , cheap , should have supporting capacity for the remote , and have huge functioning capability .Installing the checkout softwares from the reputed sites , would turn out to be beneficial , having all the necessary quality required .

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Transactions of point of sale in different industries :-

Checkouts where transaction relating to the purchase and sale of goods take place is known as POS . Here , goods and services are exchanged in terms of money . The sellers evaluate the amount to be received with the use of scanners , weighing machine , electronic cash register , etc. . Now a days POS uses the point of sales softwares . POS can be categorized into retail point of sale , Beauty saloon point of sale , restaurant point of sale etc. , the details of these are given in the following paragraph .

Retail Point of sale is the biggest user of software terminals. The system consists of computer , monitor , cash drawer , receipt printer , customer display and barcode scanner . Most of the system also consists of debit and credit card reader . Sometimes a conveyor belt , weight scale , integrated credit card processing system , a signature capture device , customer pin pad device also forms part of it . A large number of monitors use touch screen point of sale technology , as it is easier to handle . These software’s deals with the operations like , sales , sales return , exchanges , layaways , gift cards , gift registries , customer loyalty program , buy one get one free offers , quantity discounts and other such functions . It also supports operations like pre-planned sales promotion ,  foreign currency deals , multiple payment types and validation of manufacturer coupon . The computers in the back office  deal with the works like controlling of stock , purchasing , receiving and transferring products from one place to another . The system also stores sales information for the purpose of report making. They perform the analysis of sales trends, cost , profit , sale price . Customer information is recorded for the purpose of receivables management , marketing and buying analysis . Many retail point of sales system consists of accounting interface that provides information to accounting software , relating to sales and cost of goods . Currently , many applications of the system have been launched , providing the facility to conduct operations through phones and tablets .Beauty salon point of sale has also gained demand , with the growing use of a PC . To function  smoothly , a saloon is required to maintain particulars like clients' name , appointments , service charges , etc. in the system which can provide reports and receipts . Restaurant point of sales system prepares and prints guests checks , order to kitchens and bars , and supports payment processing . Certain system consists of wireless pagers and electronic capturing device . The softwares are also used in the hotel industries , ranging from common hotels to the luxurious harbourtouch hotels , providing luxurious beaches .With the opportunity provided by the software , food can be served to the individual rooms from the kitchens . Free POS softwares are also available from many sites , designed mainly for bars , food outlets , clubs and other small scale business . The system consists of two cash drawers operating simultaneously which is enough for small businesses . It’s network can be maintained with multiple sale points . The system supports receipt printers , remote printers , barcode reader , card Swiper , etc. . It deals with inventories . For using it , you are required to register for free .

Sale point systems are designed for different categories of clients , and can be customized by the ultimate users as per their requirements . The Bigger clients recommend their requirements which are installed in the system , accordingly .  

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