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Mainly, a POS is sort of a money register on steroids: You need to use it to administer money transactions and do the whole lot that a normal register would do, plus you may achieve extra detailed POS reporting on these transactions. A POS normally has a touchscreen interface that workers use to administer purchases.

– Touch-display screen or laptop-controlled checkout display, barcode scanning, and entry are all obtainable for gross sales and checkout. For ground and tableside sales, install the Lightspeed cellular POS app on several iPhones, iPads, and Android tablets. Create discount codes and coupons that may be utilized by coming into a code or scanning a barcode. Handle open restaurant sales tickets and tabs. Saves customer data and transaction historical past for straightforward returns. Receipts might be printed or despatched via electronic mail or SMS.

– Taxes and reporting: Taxes are automatically tallied in accordance with predefined procedures. Actual-time gross sales and stock statistics which can be extremely complete and adaptable. A whole bunch of pre-programmed reports. There are accounting integrations out there.

– Lightspeed features a “offline mode” that permits it to proceed working even if the internet connection is misplaced.

– Inventory administration consists of storing complete stock lists, adding merchandise to sales, automating inventory modifications, tracking elements and materials, and synchronizing inventory with an internet enterprise and quite a few locations. Lightspeed additionally has facilities for managing product variants and bespoke orders, in addition to superior stock reporting.

– Workers: Set up totally different logins with varying authorization levels and observe gross sales by employee.

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While POS was developed within the 1970s the cash register had been round about 100 years earlier. But each are nonetheless very a lot in use and even competing with each other. So if you are planning to run a retail business how do you select the better fee possibility out of the 2 in style methods?