Point of Sales (POS) is where the transaction process held and completed at the given point of place and time. The cashier will calculate the amount price for the service / goods the customer owed then the cashier will prepare the invoice to the customer, giving them options to make the payment. The goods are exchanged along with the payment and the cashier will issue the receipt as a proof of completed transaction.
Benefits of POS system for Retail Business:
Speed up the transaction process
Analyze the sales data and adjust your stock accordingly with the history
Increase efficiency and eliminate human error
Easy to use