A POS system is a set of tools, both hardware and software, that increase business productivity by invoicing quickly and keeping full control of revenue at points of sale. With this sales and inventory system, the company’s product relationships are controlled. Many POS even have these functions in real-time.

Recommended Read: Frequently Asked Questions About Lenco POS System

What are the types of POS? 

You may wonder if there are differences and you are correct: there is a traditional point of sale system, which operates through direct installation, and another in the cloud, which works through the Internet.

Traditional POS system 

It operates on a single network of computers, which must be installed individually on each computer. They tend to be more expensive, due to storage, and require particular licenses and license updates.

Cloud POS System

They are a more innovative option (and currently more recommended), since they work through the internet. They have access from any device (cell phone, tablet, or PC) and can be consulted in real-time, in an agile way.

How does a POS point of sale work? 

Do you want to know how a POS system works in a general business? Generally, they are available in the places where users make their purchases of different types.

The process of making a sale is usually similar in all systems: 

1. People go to the point of sale to pay for their products.
2. The checkout person, using a POS system, records the purchase.
3. Customer data is taken. Users can be added as frequent contacts, in some cases. 
4. The cashier person marks each product to be invoiced in the system. These items can be created in advance or immediately at the time of making the sale. There are POS systems that have a barcode reader integration, to facilitate the process.
5. The system calculates the total price and shows the payment methods. If it is cash, calculate the amount of money to return in exchange. The payment is recorded and the data is saved in the system. 
6. Finally, an invoice is generated in strip format with all the necessary data and delivered to the buyer. If you have a cash drawer, it opens along with the print so you can keep the money.

What type of businesses implement a POS Point of Sale?

Due to its practicality and ease of use, a POS point of sale can be implemented in any type of business, unless it is an e-commerce that has an integrated system, of course!

• Minimarkets and grocery stores: they normally offer products from the family basket. 
• Restaurants and hotels: facilitate the payment of meals and services with cash or electronic means. It also applies to bars and cafes.
• Retail: for payment of different items. 
• Pharmaceutical industry: for the purchase of medicines or the payment of health services.
• Hardware stores and warehouses: another sector that has implemented the POS system for inventory management.

Are you looking for the perfect POS system for your business then consider implementing the Lenco POS system for your business for seamless payment.