Point of sale is a kind of billing software commonly used in stores, restaurants and shopping malls. It prepares an invoice for the customer’s purchase. It offers multiple payment options through cash, card, e-wallet or check. POS identifies purchase trends, sales history and keeps inventory updated after every sale and purchase.
Using the web-based facility, many stores are connected with each other and with the main branch.
Advantages and Disadvantages of using point of sale
Advantages
- Establish accurate sales and inventory records.
- Tipping has never been easier to operate.
- You can send a receipt with a click of a button.
- Ensuring the stability of various stores.
Disadvantages
- Educated and highly skilled workers are required to operate it.
- There may be a technical risk that arises due to a bug in outdated software.
- Devices are dependent on the battery charge (if not plugged in).
- You take on heightened security risk.