What is POS SoftwarePoint of sale (pos) software is a computer application and a part of a pos system solution for billing. It helps to automate accounting and inventory for a small business like retail shops, grocery shops, medical stores, supermarkets and hypermarkets in India. Itnbsphelps to reduce queue-in time with their advanced features like generating online invoices, bills, and keeping track of the inventory. This is available for computers and mobile devices both.What is POS Billing SoftwarePOSnbspbilling software as the most important module of any POS software, helps with generating receipts amp bills, calculations, financial record maintenance, marking products soldexchanged, etc. Lets assume your store sells 350 products. If you were to bill them manually, you open up the possibility of human errors. You could potentially miss marking a product as sold in your register or fail to account for certain sales which leads to financial turmoil at a later stage.With POS billing and invoicing software, you eliminate that risk as every purchase, big or small, is registered into the system along with purchase history and stock status. Additionally, the billing amp invoicing module assists with bookkeeping by maintaining detailed records of transactions, taxes, and expenses. Different elements of accounting such as tax registry, ledger maintenance, dues tracker, and balance sheet maintenance, can be performed by the billing amp accounting module. Most POS billing software payment solutions in India are GST-compliant, so your invoices are calculated and generated correctly. This prevents any discrepancy in your financial numbers.How Online POS Software Help WithnbspChain Stores ManagementOnline Pos software is also known as a cloud-based pos software solution that doesnt store your data on the local device but on the cloud. You can retrieve data, process payments, and get automatic updates with the help of the internet. You can also access your pos system from anywhere through the web and the internet. A cloud POS system also provides advanced analytics which can help you to make better business decisions. There is no need to pay additionally for maintenance as a cloud POS system has the feature of Automatic upgrades and data backups. Managing multiple stores and scaling their operations is easy with the point of sale software solutions. Maintaining stock levels to keeping employees engaged and focused are other ways in which the software helps with chain stores management operations.POS systems make it easy to manage staff operating in multiple locations.Staff management through detailed employee information such as sales performance, schedules and attendance.Eliminating the possibility of customers encountering out of stock status of their favorite products.Online information is always available for retail inventories to check product availability.Inventory analysis for ordering and tracking sales trends.Adjusting stock levels as per seasonal fluctuations in demand for products.Modules Of Point of Sale SoftwareRetail Pos Inventory Management for Retail Shopnbsp- The retail pos inventory management module of a POS software helps with stock handling, procurement, and logistics, supply chain, warehouse management, inter amp intra warehouse transfers, stock planning and more. For stores that handle large volumes of FMCG products, this module is particularly useful to keep a hawk-eye view over their movement.nbspInventory management -nbspalso helps in automating manual activities, that would require excess human resources. A POS softwares inventory management solutions simplify your tasks related to managing stock. Once product details are entered into the system, you can track their shelf movement anytime. And, rest assured knowing that in case of a sale, the system will mark it sold for the future reference. Additionally, should the stock volume be on the lower end, retailers will be reminded about placing orders for the respective items.nbspSales Tracking amp Reporting with a pos machine -nbspWhen a customer walks into your store for the first time, the POS machine is used to make a record of their personal information. This record contains the details of the said customer, their name, phone number, email id, address, purchase history, birth, and anniversary date, etc. Based on these details, a retail store can communicate discounts, along with exclusive deals geared towards the customer.nbspEmployee Management -nbspEmployee management is a useful add-on module that helps businesses keep tabs on their employees. With this module, managers can track attendance and shift timings, and assign tasks to employees. If you run a hypermarket or a large-scale grocery store, this is a critical module for your use. Such stores tend to hire a large number of employees, and it can be tiring to manage them manually. With the employee management module of the best POS software, you can assign shifts to your employees, maintain a time-sheet, and keep track of which employee is on leave or absent in real-time.nbspPoint of Sales CRM -nbspCustomer Relationship Management (POS CRM) is vital for any business. The goal of CRM is to keep customers happy and satisfied and eventually, turn them into loyal patrons. After all, happy customers lead to better word of mouth publicity and more sales, eventually. CRM module assists with the customers journey- Informing them about the happenings in your store and keeping them interested enough in your products amp services.nbspReports andnbspAnalysis -nbspThe analysis module helps in customized report generation. These reports are made as per your requirement. It presents you with all the details in a synchronized form. Product-wise sales and purchase analysis, stock and sales summary, stock aging are some of the things covered under the analysis module. You can directly mail these reports if required. Also, you can export it to excel, PDF and other formats.nbspElectronic data interchange with Electronic Point of Sale Software -nbspElectronic data interchange or EDI is necessary for meeting requirements of trading partners as well as sharing such EDI documents with the customers. EDI helps with receiving of purchase orders and functional acknowledgment as well as sending purchase orders and invoices. EDIs are necessary for managing the different aspects of document trading. It helps check each file sentreceived from any trading partner. POS software helps manage inbound and outbound documents and the deleted log of such documents that were deleted before the final processing.nbspWarehouse management with POS Terminal -nbspThe warehouse management module is critical for tracking product costs and usage. These are further required for maintaining inventory levels and managing flow of the inventory stock. Businesses rely on this module of POS software solutions for checking inventory status, quantities available at hand and quantities committed so far.nbspCost Analyzer -nbspAverage and standard cost methods can be used for controlling the cost of inventory with POS softwares warehouse management capabilities. Then there are also available different pricing methods so that repricing the inventory is never an issue. You can also use this feature for checking units soldpurchased, latest selling prices, reorder points and product categories. Control all serialised and non-serialised items with built-in barcoding functionality for printing labels. Reporting for audit trials, bin level controls, inventory processing, automated reorder logic and RF scanning are other key benefits of using warehouse management module.nbspOrder Entry with Point of Sales Systems -nbspAlong with different systems for processing orders, there also exists system for auto generated workpurchase orders. This is a fast method for processing shipping orders even if these orders have a high volume. For more streamlined processing of order entries and purchasing orders, you can have CSV files imported directly from Excel files. The XML SOAP interface is especially designed for such imports.nbspFurther, your current inventory levels can be automated directly with the account receivables. Anytime you want to check for order details, the history option is there to show active or inactive status of itemscustomers.Most Common Features Of Point of Sale (POS)nbspSoftwareSplit payments - Split payments system in POS software helps with not just debitcredit card payments but also mobile payments. This feature also helps customers who wish to pay through multiple gift cards. The split payments option is also critical for developing customer-friendly return policies as consumers prefer to avoid shopping platforms that have strict return policies. With all these flexible options for returning a product and getting store creditsrefunds, ePOS systems are crucial for running an online store successfully.nbspBulk product uploads -nbspUploading products in bulk is easier than manually uploading each item. By importing products in bulk with POS management systems, retail stores and other businesses can save time and resources. Unless you have fewer products for sale, opt for POS billing software that supports product uploads in bulk.nbspProduct variants and barcode -nbspPOS systems for sales perform this excellent job of providing product variants support so that multiple varieties of one product can be recorded as a single product. For example, a coat is available in five different colors. POS systems record these as one single coat rather than five different coats so that it is easier for you to create different variants of any product. The Barcode system further helps with tracking of all such products through the tagging option. With the barcode feature, you can track the movement of any product starting from its entry into the stocks till the final sale.nbspAuto filled orders and stock -nbspPoint of sale software is helpful in generating auto-filled orders. These are especially important for businesses dealing with the sale of perennial objects. Through the feature for inventory management, you can quickly create orders for your eCommerce store. The sooner such orders are created, the quicker you can send these to customers.nbspSales reporting and monitoring -nbspGenerating sales reports is quick and easy with POS system software. Monthly, yearly and weekly takingsoutgoings help businesses understand how well their strategies are working. Identifying sales trends such as demand for seasonal products, insights on product overspends, stock management and forecasts are simplified with POS software's sales reporting and monitoring feature.nbspCross channel management for returns -nbspAside from facilitating refunds and returns, the software helps with accepting of cross channel returns. You can use the POS billing software for creating multiple returns for single sales order at different intervals of time. All important details such as the reason for returning product remarks, the name of the salesperson, etc. get recorded here.nbspPersonalized shopping experience for customers -nbspRetaining customers is important for online stores as only then your eCommerce business would prosper. All purchase history and customer data get stored in POS billing software. This information is later on used for sending customers personalized emails, discount offers and vouchers based on their preferences.nbspEmployee reporting and management -nbspAppropriate employee management techniques help identify best performing sales professionals so that you can set sales targets accordingly. With employee reporting tools, you can also find out those salespersons that haven't been performing so well so that more training can be provided to them. You can further use this feature for creating email schedules for employees, tracking employee's work hours as well as adding more employees to the system.nbspInvoicing transactions -nbspRecording transactions at your store is a hassle-free process with POS software solutions. Creating invoices for collecting payments from customers is the main function of the best POS system software. Businesses also use this feature for operating a cash drawer by calculating sales. Querying the sales database too is easy and so is tracking product movement.Types of Point of Sale Software1. POS Software for Restaurants, Cafe andnbspBarsRestaurant pos software is used to make the activities happening in the restaurant easier. In a restaurant business, with the help of a mobile restaurant pos system, the waiters can send the orders directly to the kitchen. The restaurant pos designed for a restaurant business also has a bill splitting feature, which makes it easier for the customers to pay their bills. With inventory management inside POS, you can track your ingredients and keep your kitchen stocked up with the essentials. You canTrack your sales and taxesGet a faster billing process with the restaurant billing systemControl your inventory better with the help of POSNever go out of stock with your most-used ingredients by using a restaurant POSGet regular KPI reports for quality reportingMenus can be set up and changed according to your needsManage table reservationsGet several marketing tools to help your business growAccept card paymentsRun loyalty programs2. Supermarket POSnbspSoftwareGetting a supermarket pos system is the most practical solution for streamlining the sales process through their transactions. Using cash register and handheld devices to process transactions, it makes the retail experience of a customer better. With the help of supermarket POS, you can interact with the customer instead of sitting at the register counter and take payments from the customers from anywhere in the shop. Supermarket billingnbspsoftware is designed for the retail industry to ease out their business processes. It contains a computer, cash drawer, receipt printer and barcode scanner collectively known as the cash register. A supermarket POS also contains a debit and credit card reader as well. You canManage faster retail billing at peak hoursGet knowledge of what is present in the store and what isntTrack and manage performance and analyze your sales with the help of system generated reportsIntegrate with the latest retail technologyMake use of CRM by pulling new shoppers to your store and retaining the existing ones with the help of loyalty programsManage multiple stores3. Beauty and Spa Salon Pos SystemWhether you are self-employed or work for a dedicated lifestyle organization, the salon POS system is something you should use. A spa salon POS system will provide you a lot of features. Some of them areTrack your appointments easilyGet Faster Salon BillingAccept gift cards and coupons from the customerUpsell on the spot and collect paymentSet up an advance spa or salon appointmentsImprovised email marketingRun loyalty and reward programs efficientlyStore before and after pictures of clients to use in the futureManage payroll and scheduling4. POS Software FornbspBanking and FinanceIn banking, POS enables the bank to acquire transactions from merchant POS terminals and route these to the appropriate card network. Best POS Software tools can provide a web-based portal to review and monitor transactions as well. You canGet instant access to account informationEnables provides services like cash and cheque deposit on the POS terminal, bill payment, refund, etc.Allows you to have more security and end-to-end protectionMonitor every POS activity remotely5. Mobile POS System (mPOS)With the number of mobile devices increasing every day, a mobile POS comes in handy for both the users and the business owners as it is a platform will do not even require an investment from the business owner. All they just have to do is download a payment app. With the help of mPOS, you can do a variety of thingsYou can access the information about your inventory anytime anywhereYou can increase your sales by interacting with the customers with the help of mPOSBecause of its mobility, it is extremely easy to useYou can access customer dataYou can have a variety of payment methods which helps the customers to make payments easily6. Retail Pos Software For StoresUse Retail POS software in your retail store for automating back-end processes and tracking inventory status. With POS system software's live reconciliation and monitoring in real-time, you can automate stock management processes. Retail billing software performs multiple functions of improving employee productivity, ensuring faster customer services, and timely business reports for quick decision-making.Businesses aiming at expanding their delivery channel too can benefit from the software's real-time status of deliveries as well as navigable maps. The key features of POS billing software for retail areSimplified checkout processes for faster transactionsAutomated purchasing programs for connecting with the suppliersOnline access for greater mobility in remote operationsPCI (payment card industry) agreement for protecting creditdebit card details of customersReporting tools for reports on monthlyannual sales, hourly transactions and product modelDigital signage for cross-selling products and promoting features salesShipping module for getting shipping rates from shipping carriersFlexible return policies for satisfied customersSingle link for displaying on the same page the products that have different variants7. Pharmacy Pos SoftwareRun your pharmacy operations smoothly using the point of sale software for pharmacies. Pharmacy POS software will help with cross-checking purchase rates, fast billing, order management, and generating patientdoctor wise reports. There are multiple tasks that need to be handled at a pharmacy store. With the support of pharmacy POS software, managing such processes are easy, fast as well as customer friendly. All the data of your business is on your fingertips and feature for report requests on-demand provide accurate reports on the status of your business. All due to the application's advanced analytics tool and report scheduling capabilities. Besides these, the other capabilities offered by point of sale software for pharmacies areData stored within pharmacy information systems for inspection purposes and preparing new business strategiesElectronic prescriptions for sending refillsMulti-store support for checking sales, stock levels and returnsReporting features for maintaining transaction recordsSubstitute availability option to suggest alternative medicinesExpiry management for tracking expired and about to expire medicinesSales reports for checking profitability margins and increasing salesQR code scanning for receiving ordersEasy to import bills from CSV and Excel formatseWay bill and GST billing8. eCommerce POS SoftwareeCommerce POS system for sales is the backbone of businesses operating online stores. The software is critical for handling the entire buying and selling process through multiple functioning such as order management, customer services and other such operations required for self-hosting an e-commerce store. These applications are page-builders for all kinds of online shopping sites. It helps display unlimited products for sale, supports multiple payment gateways and helps track the stock level. While growing businesses can easily scale their operations with eCommerce POS systems, those that have just started too can use these applications without much difficulty. The setting up procedure is quite simple, which requires a single click on setup wizard before selecting the kind of products you would like to sell online. Some of the best services offered by the eCommerce POS software areDDOS protection and PCI compliance for multilayered securityVisual builder for developing online storesSearch engine optimization along with the support for managing inventoriesBlogging platform also includedIntegration with social media platformsEasy to sell all kinds of products such as digital, physical and services alsoMultilanguage support to help customers set up their shopping accountSupport for unlimited products and ordersDeveloper API and store reportsAdvantagesBenefits of Point of Sale (POS) SoftwareImproves Sales Number -nbspWith a Point of Sale software, you can effortlessly find out your sales numbers and understand whats selling more and what isnt selling as expected. Accordingly, you can take steps to market these products.nbspCreates a smarter inventory -nbspPOS tool informs you of the products with most sales, best shelf-life and those which are popular among your customers. You can use this information to stock up on top-performing products and eliminatereduce the volume of underperforming items. This helps in creating an inventory that pays off in the long run and maximizes the usage of your storage space.nbspFaster checkout -nbspA well-built and feature enriched retail management software will ensure that the checkout process is simple and quick. All product details are available on the POS system screen by simply scanning the product via barcode reader and payment is received in a hassle-free manner via multiple payment modes. The whole process is fastened by the POS system and customers are happier than ever, as they dont have to wait in long queues. Manual work is not required to complete the checkout process.nbspImproves efficiency -nbspRetail owners work on tight margins. There is a lot to manage in stores and in the warehouse. Using manual methods to keep track of records becomes difficult with time. Tedious tasks such as stock management and sales reporting consume so much time that opportunities to grow business are often missed. However, a POS terminal automates these mundane tasks, leaving you with ample time to focus on those areas that will generate extra revenue in the business.nbspPOS printer Quick service -nbspDo you like standing in those long queues in supermarkets Of course not, no one does. A POS printer software breaks long queues by replacing manually- handled cash registers with an efficient machine-run billing system. Simply put, products are scanned through a barcode scanner and all details appear on the screen. In fact, if there is any discount or scheme going on with that product, its automatically picked up by the software and applied to the bill. All a cashier needs to do is press a few buttons, receive the payment and hand over the bill to the customer.nbspDetailed invoice -nbspComplete details related to the product are already there in the system. Unlike earlier times when invoices were generated manually, only date, product name, number, and price used to be there on the bill. However, now all those details that are there in the system related to a product are printed on the invoice. Complete product information including name, price, discount, item description is clearly mentioned in the receipt.Here are Some Example Of Point of Sale Systems SoftwareHDPOS SmartHDPOS Smart is inventory management and smart billing software used for business reporting and bookkeeping services. The POS system supports multiple payment options along with a barcode scanner for all kinds of online retail stores. Use the POS system software for optimizing the stock management by setting reorder levels and ensuring quick order management.Features of HDPOS SmartExpiry items reportAuto-transaction and financial bookkeepingCustomer display for promotions and schemesBar code label printing and designingQuickBooks Point of SaleQuickBooks Point of Sale software for retail stores helps with managing multichannel inventories as well as contactless payments. You can use the software for looking after the business operations of both in-stores as well as online product stores. Take advantage of the POS system's repeat business generating capabilities for sending customers personalized promotional emailsmessages and expanding the customer base.Features of QuickBooks Point of SaleCash flow managementTracking expenses and incomeRun reports and track milesInvoice and estimatesBills and sales tax managementGofrugal POSYou can buy Gofrugal POS software for its efficient order management systems. The software's delivery management capabilities are key to creating a seamless customer experience. Businesses use this point of sales system software further for filing GST returns besides handling store's operations.Features of Gofrugal POSCentralized data managementOne-click updatesSupply chain managementData backup amp securityIntegrated accountingVend POSGrow your online business with Vend POS billing software. What makes the software unique is the metrics it offers on key retail for improving sales, profitability, inventory levels, etc. Adding new registers and outlets is also easy with the software and so is managing multiple online stores. Use the ePOS system for creating product compositesvariants as well as printing barcodeslabels.Features of Vend POSData backups every hourSAQ A-EP security standardReal-time insights and reportingAutomatic stock reorderingeZee BurrPeZee BurrP is a restaurant point of sale software used for managing restaurant chains and dispersed outlets. The platform offers various hospitality features to offer the best customer support services. Billings, shifts, payments, orders, menus, etc. can be easily looked after with eZee BurrP point of sale system for restaurants. The best part is this POS system for restaurants can be integrated with several online portals for ordering food.Features of eZee BurrPReal-time inventory trackingDigital restaurant menuFeedback systemStock managementGinesysGinesys is a user-friendly POS system for a retail store that assists retail outlets with fast billing. It not only manages retail POS but also helps retailers take charge of the entire retail value chain. Above all, it includes POS billing, procurement handling, managing inventory, wholesale amp distribution, sales report generation, etc.Free and Open Source Point of Sale (POS) SoftwareSome pos software providers are offered to free download full version of pos software for small businesses in a trial but there is a limitation of time. check our plan, pricing, and upgrade your unpaid system with a discounted price.