Electronic Point of Sale or EPOS is the software and hardware used by transaction activities in the retail store or a hospitality setting. The main feature of EPOS systems is that they are electronically powered and often comes with a touchscreen technology interface.
All the products that an outlet sells will likely be scanned with a handheld code reader which is recognized by the cash register and then the details and price will be shown on screen. Items may be picked coming from a selection of menus and could be selected by touching the proper merchandise on the watch's screen. After that, the device will automatically add the complete value for items and once payment is accepted, the calculating change is going to be required. An EPOS is also connected to a pin and chip device to approve payments.
Accounts built-in systems are offered also, usually furnished with several unique modules offering an array of features. The accounts plug-in enables all items which are placed inside the accounting system to get shown on the till system and then for all of the sales figures to feed-back into the accounts system; replacing the call to manually enter in the sales figures.
As these systems are attached to items it is also capable of managing stocks as well as subtracting the number of products sold-out of the stock records as required. This permits store owners to view live status of inventory that is really beneficial if your business has several outlet stores. As an example, even if it's just the shop as well as an online outlet this can stop the 2 locations from selling the final stock item. Using this type of kind of integrated reports it also possible to distinguish the best selling products inside the store.
The obvious substitute for EPOS system would be the till system that can basically records sales or money arriving, but it cannot manage the stocks. However, the till system can't be connected to an accounts system, meaning that figures should be entered manually on a daily or weekly basis.
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