The site has a checklist of items you might need, or want, from a POS system. Systems can differ greatly on the types of features they offer for accounting, from inventory management to payroll integration. You may be able to lease a system or pay a monthly subscription fee to get you started.Īre certain types of systems better for accounting and record keeping? If you plan to get into eCommerce, some POS systems offer that option.Ī simple POS system might cost you as little as a couple thousand dollars.
It also can be helpful to buy software and hardware from one company, and you can turn to that company for customer support. You can search out companies that have a good track record with systems specifically designed for retailers. Traditionally, POS systems were physical cash registers that accepted only cash, checks, and credit cards. Specifically, point-of-sale refers to the physical place where the transaction happens. On the other hand, a more traditional system might better fit your needs. A point-of-sale, or POS, system is the hardware and software that allows a business to process customer payments for products and services. Related: For Some Businesses, Square Register Can Replace Traditional Point-of-Sales Tools Such a system can be handy if you're starting that bakery, and plan to sell your wares both at your shop and at local farmers markets. With Square in particular, you can get a card reader for free, and instead pay a 2.75 percent transaction fee for each card you swipe. Should I consider a traditional or mobile POS system?īecause your business is a startup and you're concerned about costs, take a look at mobile payment systems, such as Square. If you anticipate a high volume of daily sales, such as a corner bakery, you'll want to look at different systems than if you're selling big-ticket items, such as furniture, and only expect a few sales each day. Like any other aspect of starting a business, you'll need to do some basic research to determine which system best suits your needs. The choice in point of sale systems (POS) can seem nearly as varied as the choice in retail shops. What would you recommend for a point of sale system for a small startup like this? What are the pros and cons of using traditional or mobile systems? Are some better for accounting and record keeping than others? What are the costs? What else should I consider?
I am on a tight budget and opening a retail Christmas and candy shop.