While some businesses may use the terms ‘cash register’ and ‘point-of-sale system’ interchangeably, they are not the same. In this article, we will explore the differences between cash registers and POS systems, and find out which option would suit your business better.
What is a cash register?
A cash register is an electronic device that is used for recording transactions. It usually (but not always) comes with a drawer for storing cash, as well as a display to show customers the amount of sale.
A cash register is also able to calculate taxes, print receipts, and provide basic sales tracking. There are newer models that allow additional functions such as credit card readers or barcode scanners, and include features such as table management function, split billing, and electronic journal.
What is a POS system?
A POS system usually has a touchscreen interface, and can connect to a barcode scanner, credit card scanner, printer, as well as a server. It is perfect for businesses that need something more advanced than a cash register, as it is a computerised system that is not only able to handle financial transactions, but also track inventory, manage customer information, and schedule employees shifts.
POS systems are especially useful if your business needs to track and sync data across multiple warehouses or store locations. Plus, some systems can integrate with third party programs such as accounting software, payroll, email marketing, making your business processes more efficient.
Should you go for a cash register or POS system for your business?
Both cash registers and POS systems are generally quite easy to use, and both are designed to cope well with busy retail environments. Whether you need a cash register or a POS system depends on several factors.
First of all - price point. Cash registers come in different models, from basic to advanced, and you should be able to find one that is suitable for you within your budget. A POS system does cost more than a cash register, but the additional features may make the investment worthwhile over the long term.
Secondly, business requirements. If you only need a simple device to record straightforward sales, a cash register should suffice. However, if you require something that is able to help you keep track of inventory, customer details, and other business data, then a POS system might be a better choice.
Cash registers work well for small to medium sized businesses, but many restaurants, boutiques and hospitality businesses prefer to use a POS system. A POS system can also be customised to fit your business needs, making it quite a versatile solution.
Cash registers and POS systems in Melbourne
Able Scale supplies a wide range of quality cash registers, touch screens, point-of-sale systems, scanners and printers to suit your business. From basic cash registers to fully linked systems, we have all that you need to keep sale transactions smooth.
To find out more about our cash registers and POS systems, or if you need assistance in choosing the best solution for your business, please contact Able Scale today.