Maybe you already have a point ofsale software system operating in your store, maybe youve looking to add onebecause youve heard about the time and money saving features a POS system canoffer. Here are three money saving features that you might not be aware of.
#1 Integrated Accounting:
POS software can dramatically reduce your book-keeping and accounting work! Itcan:
- Calculate your monthly sales tax in a few seconds.
- Print monthly statements in minutes.
- Automatically enter sales transactions into your accountreceivables.
- Instantly show you who owes you money.
- Instantly show what you owe, and when its due, so you cancontrol your cash flow.
- Automatically post receipts to the journals and producemonthly financial statements.
- Save hours by letting the computer system enter daily.close-outs. for you.
- Maintain a clear audit trail to ease end of yearaccounting and reconciliation.
- Automatically post transactionsinto your general ledger software.
If your POS software doesnt offer integrated accounting features, look forfeatures that will allow you to link to an outside accounting system likePeachtree or QuickBooks. Youll still have to know two software systems andmanage the interface between the two but integrating the two will save you timemaking the entries by hand and it will ensure accuracy, which always saves youmoney!
#2 Ecommerce Features:
Whether you already have a website or are planning to add one to your business,a POS product with Ecommerce features will be very valuable. Point of SaleEcommerce features can:
- Offer
- Create and post website orders in your POS systeminstantly
- Create and post website orders with an automatic pollingsystem
- Provide website order notification
- Allow you to select products to be displayed on thewebsite directly from the inventory module
- Provide real-time stock availability updates on thewebsite
- Provide stock availability updates with an automaticpolling system
- Automatic customer email notification for back orders,stock availability and shipping information
- Consolidated customer history and tracking
- Provide defined shipping rates
- Support back orders and partial shipments
- Allow returns to be processed from the website
- Support auction management andposting (eBay)
These automated features make maintaining a website virtually painless andcertainly significantly easier than doing it all by hand.
About the Author:
Jeff Haefner,is the author of The Point of Sale Software Buyers Guide and Retail TechnologyNewsletter. He has been working with computers, retailers and POS softwaresince 1993 and he runs a retail technology consulting and software selectionservice. For free tools and information about POS software and retailtechnology, visit http://www.possoftwareguide.com/freestuff.html
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