Restaurant POS Systems: Will My Business Grow Using POS?
* POS stands for Point Of Sale.
This is a system built for the restaurant and retail industry. This computerized system allows business owners to track sales, the money that comes in, food inventory and can help simplify your bookkeeping effectively. Why it’s perfect for a restaurant: The high volume of cash and credit cards that pass through a restaurant each day make a POS system a necessary. A POS system doesn’t only track your sales but it can also run useful programs the the ones that can process credit cards. This makes a safer way of swiping credit cards of your customers. Servers are accountable for all their sales, and it is impossible make changes on checks in the computer unless you have an access. This eliminates employee theft.
* Many benefits of using a restaurant POS system
One benefit of a POS system is that it simplifies communications between the kitchen and the server. Orders go through the computer sending it to the kitchen printer. Another benefit of a restaurant POS programs is that it can track everything from food usage, to the most popular menu items. Because POS system can act as a time clock, it can also help prepare payroll. It can save you a lot of money in your bookkeeping department. Along with the daily operations of running a restaurant, a POS system can organize profit and loss statement and also your sales tax.
* Any reasons to devalue a restaurant POS system?
Your POS systems is still a computer, subject to all technological problems. And if it suddenly crashed and you don’t have any back up, then you risk losing all your business documents, not just sales, but profit and loss statements and payroll statements. All the important documentation that the IRS may want to examine some day. So, it’s very important to have a back up.
* Do you need a warranty extension?
Remember the money you saved on bookkeeping?
You might end up spending it on computer set ups, upgrades and troubleshooting. POS systems doesn’t have the same life span as good old fashioned cash register. You will need to replace parts, update software and eventually need to replace it entirely with a new model. New POS systems come with limited warranties and tech support, but just like every other POS equipment, the problems always begin when the warranty wears off. For these kinds of problems, you can always buy extra tech support for your POS systems.
If you are planning a very small operation, such as bagel or sandwich shop, you may not need a POS system at opening time, especially if you aren’t going to take credit cards (and there are plenty of places that still don’t accept credit cards). However, if you are planning of expanding your business, then you may want to consider planning everything first before buying POS systems.