If you are interested in finding out how does a Point of Sale system actually work you have come to the right place! Read this article and discover more!

In this article, you are going to discover everything you need to know about the POS system. We are going to go back to the basics and talk about how the Point of Sale system actually works.

The earliest cash registers wouldn’t have the option to discover how much the products really cost. That’s how simple they were. The person using the register would manually add the prices of the bought products, usually with the help of price tickets. Then, they would take the cash, place it is the special money drawer, and hand the purchases a paper receipt. Often, the only transaction record the seller would have would be their own copy of the paper until roll.

Luckily for all of us, especially for the sellers, merchants, and retailers, the point of sale systems evolved and they become digitalized. They include a barcode reader so there was no need the person using the system to manually add the prices. The systems would also store transaction information and details electronically.

Nowadays, the systems are even more modernized and sophisticated. Even though there are businesses that still use the systems as described above, a lot of businesses have decided to move on advanced systems or so called cloud-based Point of Sale systems. The best thing about these systems is that all the important data is stored online on a cloud.

Let’s talk about the key components of the POS system. Regardless of how modern the Point of Sale software is, it still consists of these components:

  • The POS system itself The POS system could be a cash register linked to a PC or a server, or it could be an iPad or Android tablet device linked to a cloud-based software.
  • A receipt printer This component is used to print receipts to hand to shoppers.
  • A cash drawer The cash drawer is used to store the day’s takings including vouchers, cheques, gift cards, and payment slips.
  • A card machine The card machine is used to process payments made by credit or debit card.
  • A barcode reader Used in the retail industry with many different items.

So, are you ready to implement a POS system?