A POS system is the gateway to sales data entry in your business. Thus, look for the following criteria in your future POS to ensure your retail system runs smoothly and it’s worth your investment.
Ability to sync data across multiple channels in real time: You may process many transactions daily. Real-time data helps your business operate seamlessly and eliminates discrepancies. Thus, this feature is vital when reviewing your point of sale options.
If you still manually import POS data to Xero accounting for reconciliation at the end of the day, you’re spending time and effort on tasks that are less valuable and can be automated. An advanced POS will help you sync and centralize data across locations in a centralized database. Then, you can transfer the data to Xero to reconcile.
Remember that syncing all data in real time may slow down your retail system. Therefore, prioritize the key data to sync instantly, such as sales, orders, and customers, and sync the other data periodically.
Easy to integrate with your existing system: Ensure the POS implementation and integration won’t disrupt your business operations.
Easy to customize: As your business grows, so does your future-proof POS system. It should be able to scale up with more features to support your growth.
Cost-effectiveness: You may need to spend $3,000–10,000 to build a POS system. Thus, it should help simplify your business operations. If you have a tight budget, select a basic yet scalable POS to save upfront costs and customize it to your requirements later.
Reporting: As the gateway to most of your transactions, POS can help create granular and live reports to provide you with a comprehensive view of your business performance.