Point of Sale System (POS)

The point of sale system or POS refers to the terminal or a computer that is used for checkouts of purchased goods and services. In other words, the best definition we can describe POS is that they are the “descendants” of the cash register. Unlike its predecessor though, POS functions more than just checkouts and issuing receipts.

While the cash register simply computes, registers purchased goods and services, and issues receipts, POS on the other hand can also be used for inventory of stocks, computation of profits and taxes, and in some cases, a communication medium for retail stores and other commercial establishments. It also keeps track of sales, employees’ attendance for payroll, an organizer and others—depending on the business’ requirements and needs.

POS systems are usually desktops mostly using either touch-screen LCDs or ordinary keyboards, customer display, receipt printer, cash drawer, a card terminal for either debit or credit cards, barcode scanners (flatbed or hand-held).

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