Last Updated on : 30 Dec, 2021
POS full form is Point of Sale software. It is a computer application and part of POS system solution for billing. POS System Software helps to automate accounting and inventory for small businesses like retail shops, grocery shops, medical stores, supermarkets and hypermarkets in India.
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Found our list of POS Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!
Point of Sale (POS) software is a computer application and a part of a pos system solution for billing. It helps to automate accounting and inventory for a small business like retail shops, grocery shops, medical stores, supermarkets and hypermarkets in India. It helps to reduce queue-in time with their advanced features like generating online invoices, bills, and keeping track of the inventory. This is available for computers and mobile devices both.
POS billing software is the most important module of any Point of Sale software, helps with generating receipts & bills, calculations, financial record maintenance, marking products sold/exchanged, etc. Let’s assume your store sells 350 products. If you were to bill them manually, you open up the possibility of human errors. You could potentially miss marking a product as sold in your register or fail to account for certain sales which leads to financial turmoil at a later stage.
With POS billing and invoicing software, you eliminate that risk as every purchase, big or small, is registered into the system along with purchase history and stock status. Additionally, the billing & invoicing module assists with bookkeeping by maintaining detailed records of transactions, taxes, and expenses. Different elements of accounting such as tax registry, ledger maintenance, dues tracker, and balance sheet maintenance, can be performed by the billing & accounting module. Most POS billing software payment solutions in India are GST-compliant, so your invoices are calculated and generated correctly. This prevents any discrepancy in your financial numbers.
A POS software is a digital system for managing sales and the cash register. POS software lets you accept payments online and helps track all transactions whether you sell online or operate through a physical store. POS system software works in the following ways:
Online Pos software is also known as a cloud-based pos software solution that doesn’t store your data on the local device but on the cloud. You can retrieve data, process payments, and get automatic updates with the help of the internet. You can also access your pos system from anywhere through the web and the internet. A cloud POS system also provides advanced analytics which can help you to make better business decisions.
There is no need to pay additionally for maintenance as a cloud POS system has the feature of automatic upgrades and data backups. Managing multiple stores and scaling their operations is easy with the point of sale software solutions. Maintaining stock levels to keeping employees engaged and focused are other ways in which the software helps with chain stores management operations.
1. Adding items: The important steps to adding items for sale with POS system are:
After finishing this setup, you are free to alter the quantity level of all products, as and when required.
2. Applying discounts: Adjust now the pricing of products or the discounts available. In case the feature is missing, you may change manually the price structure.
3. Receiving payments: POS systems are designed to receive payments from sources like credit cards and cash. You may add here other payment modes like:
Almost every POS system can be configured for accepting payments from multiple payment sources.
4. Attaching notes: Attach or add notes like special requests from customers and change of address details as and when required.
1. POS Software for Restaurants, Cafe and Bars
Restaurant POS Software is used to make the activities happening in the restaurant easier. In a restaurant business, with the help of a mobile restaurant pos system, the waiters can send the orders directly to the kitchen. The restaurant pos designed for a restaurant business also has a bill splitting feature, which makes it easier for the customers to pay their bills. With inventory management inside POS, you can track your ingredients and keep your kitchen stocked up with the essentials. You can:
2. Supermarket POS Software
Getting a supermarket pos system is the most practical solution for streamlining the sales process through their transactions. Using cash register and handheld devices to process transactions, it makes the retail experience of a customer better. With the help of supermarket POS, you can interact with the customer instead of sitting at the register counter and take payments from the customers from anywhere in the shop.
Supermarket billing software is designed for the retail industry to ease out their business processes. It contains a computer, cash drawer, receipt printer and barcode scanner collectively known as the cash register. A supermarket POS software also contains a debit and credit card reader as well. You can:
3. Beauty and Spa Salon POS System
Whether you are self-employed or work for a dedicated lifestyle organization, the salon POS system is something you should use. A spa salon POS software will provide you a lot of features. Some of them are:
4. POS Software For Banking and Finance
In banking, POS enables the bank to acquire transactions from merchant POS terminals and route these to the appropriate card network. Best POS Software tools can provide a web-based portal to review and monitor transactions as well. You can:
5. Mobile POS System (mPOS)
With the number of mobile devices increasing every day, a mobile POS system comes in handy for both the users and the business owners as it is a platform will do not even require an investment from the business owner. All they just have to do is download a payment gateway app. With the help of mPOS, you can do a variety of things:
6. Retail Pos Software For Stores
Use Retail POS software in your retail store for automating back-end processes and tracking inventory status. With POS system software's live reconciliation and monitoring in real-time, you can automate stock management processes. Retail billing software performs multiple functions of improving employee productivity, ensuring faster customer services, and timely business reports for quick decision-making. Businesses aiming at expanding their delivery channel too can benefit from the software's real-time status of deliveries as well as navigable maps.
The key features of POS billing software for retail are:
7. Pharmacy POS Software
Run your pharmacy operations smoothly using the point of sale software for pharmacies. Pharmacy POS software will help with cross-checking purchase rates, fast billing, order management, and generating patient/doctor wise reports. There are multiple tasks that need to be handled at a pharmacy store. With the support of pharmacy POS software, managing such processes are easy, fast as well as customer friendly.
All the data of your business is on your fingertips and feature for report requests on-demand provide accurate reports on the status of your business. All due to the application's advanced analytics tool and report scheduling capabilities.
Besides these, the other capabilities offered by point of sale software for pharmacies are:
8. eCommerce POS Software
eCommerce POS system for sales is the backbone of businesses operating online stores. The software is critical for handling the entire buying and selling process through multiple functioning such as order management, customer services and other such operations required for self-hosting an e-commerce store. These applications are page-builders for all kinds of online shopping sites. It helps display unlimited products for sale, supports multiple payment gateways and helps track the stock level.
While growing businesses can easily scale their operations with eCommerce POS systems, those that have just started too can use these applications without much difficulty. The setting up procedure is quite simple, which requires a single click on setup wizard before selecting the kind of products you would like to sell online.
Some of the best services offered by POS eCommerce software are:
HDPOS Smart is inventory management and smart billing software used for business reporting and bookkeeping services. The POS system supports multiple payment options along with a barcode scanner for all kinds of online retail stores. Use the POS system software for optimizing the stock management by setting reorder levels and ensuring quick order management.
Features of HDPOS Smart:
QuickBooks Point of Sale
QuickBooks Point of Sale software for retail stores helps with managing multichannel inventories as well as contactless payments. You can use the software for looking after the business operations of both in-stores as well as online product stores. Take advantage of the POS system's repeat business generating capabilities for sending customers personalized promotional emails/messages and expanding the customer base.
Features of QuickBooks Point of Sale:
You can buy Gofrugal POS software for its efficient order management systems. The software's delivery management capabilities are key to creating a seamless customer experience. Businesses use this point of sales system software further for filing GST returns besides handling store's operations.
Features of Gofrugal POS:
Grow your online business with Vend POS billing software. What makes the software unique is the metrics it offers on key retail for improving sales, profitability, inventory levels, etc. Adding new registers and outlets is also easy with the software and so is managing multiple online stores. Use the ePOS system for creating product composites/variants as well as printing barcodes/labels. Features of Vend POS:
eZee BurrP is a restaurant point of sale software used for managing restaurant chains and dispersed outlets. The platform offers various hospitality features to offer the best customer support services. Billings, shifts, payments, orders, menus, etc. can be easily looked after with eZee BurrP point of sale system for restaurants. The best part is this POS system for restaurants can be integrated with several online portals for ordering food.
Features of eZee BurrP:
Ginesys is a user-friendly POS system for a retail store that assists retail outlets with fast billing. It not only manages retail POS but also helps retailers take charge of the entire retail value chain. Above all, it includes POS billing, procurement handling, managing inventory, wholesale & distribution, sales report generation, etc.
Author: Kalpana Arya
|POS Software Cost|
|Best POS Software||Price||Ratings|
|eR4u - easy retail for you||₹10000 /Year||4.7|
|Softworld RetailGraph||₹11800 /year||4.6|
|Invoay Retail POS Software||₹23599 /Year||4.6|
|Clonet POS||₹23364 /Year||4.7|
|Tally Shoper 9||₹21240 /Year||4.5|
|HDPOS||₹4130 /2 Quantity/Month||4.8|
|Marg POS||₹8496 /Year||4.1|
What is the best POS software?
Some of the best POS software helping businesses with their array of powerful features are: Square POS, Lightspeed, Helcim, Shopify, PayCafe, Quickbooks POS
What is a POS system software?
A POS system software offers stand up terminals and cash register for accepting payment from customers and managing sales. POS system software also provides functionalities for handling the inventory levels, order histories, customer database and payment receipts.
How to install POS software?
You can go through the instruction manual for starting the POS software installation process. Next, attach the POS workstation to the server by connecting all computers. Start downloading the POS software and connect it to the scanners and other devices.
How much does POS software cost?
Cost of the POS software would depend on the size of your business. For instance, large businesses would require advanced point of sales functionalities compared to small stores. A grocery store would require just the basic features for managing sales and inventory and would suffice with the basic pricing plan.
What is the best POS software for retail Shop?
Let us have a look at the best POS software for small scale retail shops: iQmetrix, Springboard Retail, Dynamics RMS, LS NAV, NetSuite RMS, ChainDrive, Retail Pro.
Which software is used for POS?
POS software helps manage payment, customer marketing, inventory and order management. The best POS systems are: Lavu, Clover, ShopKeep, Shopify, Intuit Quickbooks, Square.
What is the best POS software for restaurant?
Some of the best POS software for restaurants providing multiple billing and terminal options are: LimeTray, Oracle, SlickPOS, POSist, SQuare, Toast, Revel, Lightspeed.
Cloud vs On-Premise POS Software
That’s a decision only you can make, as it’s dependent on your requirement. An on-premise model is suited to businesses with the capability to house IT servers and infrastructure, and with a dedicated IT team. Cloud model is for those without a dedicated IT team or the requisite infrastructure. Having an on-premise POS can be a bit costly, since it entails infrastructure purchase on top of license purchase & maintenance cost. A cloud model offers the ability to pay for license without the added cost of infrastructure procurement.
Is it difficult to integrate a retail POS system software with my existing computers?
Not at all. retail POS software can be integrated with absolute ease, with your existing system. It can also work in tandem with other software, even though you won’t require any other solution if you use a POS.
Is retail POS software provide training?
Yes, When you purchase a POS system for your business, you’ll be trained by professionals who can guide you and your team through the solution. So, no you won’t have to dedicate too much resource into training your staff in using best POS software.
Can I only get the one module of retail POS software?
Yes, you can purchase a customized POS solution customized with the features you require for your business.
Is there any number of employee-strength required to use pos software?
There’s no minimum or a maximum number of employees required to use the best POS software. Even a Kirana store with two employees stands to gain a lot using POS retail software.
Is POS software price available for reselling?
Yes, we provide retail pos software price and quotation for sale / reselling but only on our channel partners.
What is the Best Retail POS Software?
List of best retail pos software in india: Marg POS, Tally Shoper 9, Gofrugal Retail Pos Software, Retail Graph Pos Software, Busy POS system.