Retail POS systems are normally used at checkout points where the transaction takes place. Something similar to electronic cash registers, these systems can also be used for generating receipts and vouchers. The first POS software was actually developed in the year 1973 by IBM. However, it had very limited functional capabilities when compared to the systems today. Nothing much was heard about POS systems until 1979 when new technology made it possible for you to take customer order at the table and print the details in the kitchen. This software enabled you to include labor and food costs also. However, even this software also had its own limitations and was developed on the UNIX platform.

Modern Systems

Modern day retail POS software is quite easy to use and comes with remote support. It is rich in features and has a high operating speed. Designed for reliability, most POS software is quite affordable and can be installed quickly. Since there are a number of companies promoting point of sale software online, it is important that you choose a company that enjoys a good reputation and provides you with genuine software at affordable prices for your retail operations. The POS software you buy is largely dependent upon the industry in which you are operating. For instance, if you are in the medical industry, you may require much more than software and could include computer networks and other such equipment. Likewise, in the restaurant business, you may require POS systems with touch screens in order to reduce service time and enhance overall efficiency levels.

Hardware

Retail POS systems require efficient hardware to generate receipts, vouchers, etc at the actual point of sale. Most POS systems use receipt printers, barcode scanners, credit card readers, cash drawer and card swipes along with external hardware like USB connections. There are a number of companies that offer these POS systems in the market place. A normal POS system in a retail store comes with a POS computer with a 15 inch Touch Screen Flat Panel LCD Monitor, auto open cash drawer, and scanner with display, accounting software, thermal auto receipt printer and credit card processing software.

Software Set Up

Irrespective of what software you are using, setting it up can be quite a task, specifically if you are using older systems. So, what does this software include? Well, most software come with mix and match features so that you can begin with the basics and add on as your business continues to grow or expand over a period of time. Most firms with multiple retail locations prefer online solutions so that they do not have to deal with in store setup and still access the software from anywhere. Lastly, the best thing about retail point of sale software is that it can be used for both in store as well as online purchase transactions.

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