POS—a benchmarked system which refers to “Point of Sale”, is being increasingly used across the retail and restaurant industry, and many more. This well equipped and sophisticated computerized system helps users keep track of their sales, inventory, cash flows and orders. Having positive impacts on bookkeeping functions, productivity and bottom line figures alike, the Restaurant POS system has now become an indispensible part of most establishments.
Why do you need a Restaurant Point of Sale System?
Restaurant points of sale systems are necessary for the careful handling of credit card and cash transactions taking place in your restaurant, throughout the day. Playing the dual role of credit card processors as well as a cash sales tracker, POS systems are a secure means of payment for both customers and your business. Servers with POS systems are accountable for all sales facilitated by them and can gain access into the secure system only after punching the correct password. This goes a long way in cutting down unwanted activities like theft or pilferage of inventory and accounts.
What are the Benefits of POS?
One of the main advantages of using a POS system is that it simplifies all interactions between the kitchen staff and servers. Orders taken at the table reach the kitchen directly –via printouts or digital displays. This alleviates the incidence of any confusion, cuts down on delivery time and makes the entire process smoother and easy and maintain. POS systems act like clocks and are also helpful in maintaining the system of payroll. Along with other generic activities like keeping track of orders, inventory and client information, POS is also capable of organizing Profit and Loss statements and calculating Sales tax figures.
What are the drawbacks of POS Restaurant?
As POS systems are driven by digital means, they can fall prey to the various whims of technology like expired versions of software, failure of proper backup and risk of losing valuable data or records. Words of caution—always keep backups for your POS records and transactions.
Issues connected with warranty
The money saved by installing POS systems can be spent in troubleshooting and taking care of the bills of tech guys brought in to service the same. As this software does not have any shelf life—unlike old fashioned cash registers; you have to update software, replace parts and make sure that all allied equipments are in order. It is always good to purchase extra support for technological glitches, as the warranty and support guaranteed by programmers and manufacturers of these systems are limited to pre-defined periods.
The way forward:
Smaller operations like a sandwich shoppe or bagel does not necessitate the requirements of a POS system. However, if you are dreaming of expanding or business or going in for a franchisee, then you must integrate the services of a well equipped POS system into your opening costs.
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