Choosing a Cash Register or Point of Sale Software
Point of sale systems and cash registers are two of the primary options that small businesses have for handling transactions. However, despite the fact that these two machines serve a similar purpose, there are still huge differences between the capabilities and features of each of them.
Traditional Cash Register
A traditional cash register is capable of helping cashiers make checkouts and handle payments that come in every day from customers. It can help employees figure out the exact change needed for payments, and it also stores the money safely. Further, traditional cash registers tend to be much cheaper and easier to use than POS systems. This means it is typically easier to train an employee to use a traditional cash register.
However, despite these benefits, traditional cash registers lack many of the features and benefits of POS systems. Traditional cash registers also print out many receipts that are very difficult and tedious to keep track of.
Point of Sales Systems
A point of sales system is a computer that helps employees handle transactions. Point of sales system are similar to cash registers; however, they have many benefits not offered by cash registers. For example, POS systems have software that helps companies keep track of their sales, inventories, and other critical data.
Point of sale software also enables POS systems to have omnichannel capabilities. Further, POS software can help with customer relationship management, marketing, loyalty programs, and gift cards. Essentially, point of sale systems make it much easier for small businesses to keep track of, and make good use of important data that is relevant to their businesses.
Which is better?
The individual needs of your company will determine which type of checkout machine is better for you. For example, if you have a small budget and a small inventory, and you just need to get basic checkout needs met, a cash register may be the better option. Cash registers typically range from about $300 to $2,000. However, POS systems are much more expensive, and range from $1,500 to $8000 per terminal.
POS systems tend to make more sense for companies who have larger budgets and who have large inventories that are difficult to keep track of. For these companies, POS systems can be extremely helpful and can save managers tons of time by collecting critical data automatically. So, the needs of your company will dictate which machine is better for you.