Choosing a point-of-sale (POS) system seems like an easy task, but here are some things to consider to pick the best POS system for your business.
Female Owner Of Coffee Shop Serving Customer on her POS System The days of the analog cash register are over. In the Digital Age, many tools exist to help streamline your life and your POS system should be one of them. Many people don’t know what to look for when shopping for the right system for their business, much less the different options they have. Let’s talk about what steps you should take to ensure you choose the best POS system for your retail store.
Think About What You Want Out of Your POS System.
Are you opening up a retail store or thinking about upgrading your old cash register? Before purchasing your new POS system, think about all of the aspects of your business. Put yourself on the customer side, the employee side, and the management side to identify what processes create a successful transaction and what tools you need to fulfill that exchange. Think about your inventory, checkout process, customer profiles, and bookkeeping. If upgrading, make a list of features that are absent in your current POS or what issues you have had with it. The right POS system will make running your business more efficient, saving you time and money.
POS and Customer Service
You want your customers to get as much out of your POS system as you do. After all, your customers keep you open. Your POS should run seamlessly throughout the busiest of days, providing quick and efficient service. Some can even save credit card transactions when the internet fails, then run the card when connection is back up. POS systems can save customer profiles, allowing shoppers to look up previous purchases, saving the employees from having to look up specific items. POS systems can also be integrated with inventory lists, allowing employees to check items in stock from the storefront instead of having to dig through the back stock. Also consider security options for your system, ensuring your customer information is safe from costly data breaches.
POS and Business
Choosing and tailoring your POS system to fit your customer service needs are one thing, but don’t forget about utilizing it to boost your business. Choose a POS system that can analyze sales and create the reports your business can use to ensure you are getting the most return on your investment. Your POS system can save you money by identifying items to keep stocked and which ones can be replaced. Consider the accessibility of  your POS system. Some systems are cloud-based, so you can access them from home, another retail location, or even vacation as long as you are connected to the internet. Are you the only one going to be creating reports or can these functions easily be produced by someone with minimal knowledge of the software? Do you plan on expanding at any time in the future and want a system that can handle the increased transaction volume? Do you want your POS system to integrate seamlessly with your accounting or bookkeeping software? Do you already have hardware that you want your new software to be compatible with? These are all things you should consider when researching a new POS system.
Compare POS systems and Create a Budget
Now that you have considered all the functions you can use your POS system for, do your research. Really look at all the components needed and fees required. Some systems are more costly upfront, but have more integrated features. Others have monthly fees, but charge for each individual tool. Ask around similar businesses or check online forums. Call the POS system’s company and see if you can trial the software. These companies want you to use their POS systems and are usually willing to allow you to trial their systems and offer support for setting up and streamlining use.
Purchase Your POS System
Now that you have thought about your needs and desires from your POS system and have created a budget, go forth and purchase yours! Enjoy how it simplifies your life and supports your business. Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.