All of these are components of POS terminal, the crucial component of POS hardware. POS hardware includes display screen, customer display screen, cash drawer, swiping device (for credit cards), printer, computer and a bar code reader. POS hardware is the principal component of POS system. In a more complex form of POS system, it features inventory management capacity where sales and items are tracked down accounting features such as credit card checking and employee information recording. On the other hand, cash registers may be able to provide detailed reports on sales weekly, monthly or annually. ![]() The items are passed through to a cash register, detect the item’s code and print a receipt. The electronic cash register is the most basic POS system. Small-sized businesses usually use computer type of POS system. POS system refers to the way or approach of transaction through the use of a machine or computer system. Supermarkets, boutiques, stores and other business firms make use of a POS system. The term “Point of Sale” refers to the point where consumers take their needed goods and pay for them (for example in a grocery store). POS system includes software and hardware. Point of Sale (POS) system is a system used in managing commercial good and services. ![]() ![]() Understanding Point of Sale and Point of Sale System
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