Page 186 - DMGT553_RETAIL_STORE_MANAGEMENT

Unit 10: Cash Management

10.2.2 Parts of a POS System Notes

Retailers can’t choose the right point of sale system for their business if they don’t first understand
the parts of the POS cash register. The following is a guide to understanding point of sale
hardware.
POS Computer
Cash Drawer
Customer Pole Display
POS Monitor
Keyboard
Scanner
Signature Capture Devices
Receipt Printer

More POS Hardware

The basic point of sale (POS) system consists of a cash drawer, receipt printer, monitor, and an
input device. Retailers can use touch screens, programmable keyboards, scanners, or other
handheld devices to enter data into a POS system. The following are POS hardware vendors, a
walk-through of the components and advice for selecting a computerized cash register for your
business.

POS Software

Point of Sale software processes the basic customer transaction for a retailer. That includes
providing item descriptions, prices, adding taxes and other cash register functions. POS software
with more advanced functionality includes the ability to process returns, coupons, price overrides,
inventory tracking and retail accounting reports. Here are a few points of sale system software
packages.

Daily Cash Drawer Report

The starting cash on-hand is put back into the cash drawer and stored for the evening, while the
deposit is prepared for the bank. All credit card slips, terminal reports and other register receipts
can be stapled to this form and filed by date.
Daily Sales Report
Date_____________ Cashier ___________
Cash $_______________
Checks $_______________
MasterCard $_______________
Visa $_______________
AMEX $_______________
Discover $_______________
Store Credit $_______________
Other $_______________
Starting Cash On-Hand (Subtract This Amount) $_______________
Deposit Total $_______________
Contd....

LOVELY PROFESSIONAL UNIVERSITY 181