Upgrading to Electronic POS
Point-of-sale (POS) software can increase checkout efficiency and accuracy. It can also improve inventory management and customer tracking. Many software choices can be found on the Internet. However, two options that have some proven history in POS software are Intuit’s Quickbooks POS and Microsoft’s Dynamics POS. These products will allow a business to track customer purchases, specific product sales, sales by employee, monitor inventory, and much more. This information can then be integrated with the respective accounting software. Both products support a host of peripherals as well. This list includes scanner, automated cash drawer, credit card machine, and printers (receipt and report). To read more about these products, visit the Dynamics POS and Quickbooks POS websites.
Of course, a big concern is the overall cost of the upgrade. The software will cost between $600-1,800 depending on which version, how many terminals are being set up, and where it is being purchased. The hardware will add roughly another $1,000-2,500 depending on what peripherals are required (assuming a touch screen monitor), number of stations, and will vary according to manufacture. HP and Dell both offer hardware packages that can be customized. New and used hardware/software packages can also be found at third party websites like eBay and craigslist or other independent resellers.
Point-of-sale can be quite beneficial to small business owners, but it is easy to go above and beyond the actual needs. As with any upgrade, a careful examination of the current and future business needs and capabilities of current staff should be undertaken before transitioning.
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