Software

Retail POS System in Pakistan 

The retail point of sales (POS) system makes reference to the territory, where a seller interacts with a buyer to buy and to sell a product or service. 

The interaction proceeds in the availability of the automated teller machines that is further facilitated by the terminologies; Sales, Purchase, and Inventory and General Ledger Accounting. 

The retail point of sales (POS) system is consolidated with the computer system inclusive of devices such as: monitor dashboard, processing unit, cash drawer, barcode scanner, and barcode printer.  

The retail POS system takes the input data, processes it, records it, then harnesses Hassle free fast billing.

How POS System Works

Retail POS systems in a nutshell: 

A POS System is basically the composition of hardware components and software modules which is used to perform the general business operations of a retail store. 

It is an optimum tool for a store owner to monitor, manage and evaluate their business developments. The retail POS system is very simple as it runs the software on a fully accessible device with an integrated system. 

Is a retail POS system really beneficial for retailers?

Managing a business is itself a major struggle. It requires multitasking. A retail POS system plays a crucial role in a business when it comes to managing inventory and cash flow. 

A retail POS systems monitors all the sales, purchase, and inventory and GL accounting it also simplifies the payment process and Kills labor cost. 

Development of POS system in Pakistan 

Pakistan is in the race of developing countries. It has been said that Pakistan’s economy is growing at 2% for the past decade. 

We have seen major development in the field of information Technology. 

We have also seen infrastructure development as well, which gives a boost to new employment opportunities.

This Development has given a major boost to ERP technology, which is nowadays crucial for any business, 

whether you are a small retailer or major enterprise. Talking about the retail industry, the POS system plays a vital role when it comes to small retailers.

POS systems hold the ability to organize business operations in a systematic way which reduces the chance of error in balance sheets. 

There are a lot of companies who are offering POS systems in Pakistan, the most important thing to be considered is when you plan to go for a POS system check For FBR recommendation, accordingly SRO 1006 all POS must be listed with FBR.  

Standard key features for retail POS system 

  • Equipped with multiple payment methods (Cash/Credit).
  • Stationed bill option.
  • Centralized POS Data Entry.
  • Incorporated Purchase Invoice.
  • Inclusion of Physical Stock.
  • Sales Reporting, Inventory Tracking and Analytics.
  • Integrated Discount Feature.
  • Immediate Pricing Alert by Barcode Scanning. 
  • Seamless Checkout Process by giving output to both seller and buyer end.   

Standard key features for retail POS system

POS systems for restaurants

Restaurant POS systems help restaurant owners in terms of cash flow and sales management. A good Restaurant POS system contains.

  • Streamline & Automate Core Business Operations.
  • Fast-track Business & Financial Reporting.
  • Increase Business Control & Visibility.
  • Improve Supply Chain Management.
  • KOT (Kitchen Order Ticket)
  • POS With Touch Display Option
  • Payment Methods & Schemes Management.
  • Order Placement Management.
  • Overview Central Kitchen Management.
  • Monitor Inventory Management

POS systems for restaurants

POS System for Supermarket 

Super Market POS system Must Contain following Key features:

  • Equipped with multiple payment methods
  • (Cash/Credit).
  • Stationed bill option.
  • Hassle-free fast billing.
  • Centralized POS Data Entry.
  • Incorporated Purchase Invoice.
  • Inclusion of Physical Stock.
  • Sales Reporting, Inventory Tracking And Analytics.
  • Integrated Discount Feature.
  • Immediate Pricing Alert by Barcode Scanning.
  • Seamless Checkout Process.

POS System for Supermarket

POS System For Pharmacy

POS System for Pharmacy Must contain Following Key Features

  • Perfect & fast billing.
  • Multiple payment modes (Cash/Credit).
  • Comprehensive (POS) data entry.
  • Generic searching option.
  • Hold bill option.
  • Purchase invoice.
  • Sales return or exchange
  • Physical stock taking.
  • Shift opening closing.

Point of Sale (POS) System For Sweets and Bakers 

Point of Sale (POS) System For Sweets and Bakers Must Contain the following Key features.

  • Fast billing with barcode enabled.
  • Easily extend cash counters. 
  • Auto stock updating with sale & purchase.
  • Purchase, sales, stock reports, and analysis.
  • Integrated with Accounting System.
  • Expense, Income, Profit & Loss.
  • Ledger Maintenance.
  • Customized options included.

Distribution Point Of Sale System

Distribution Point Of Sale System Must contain Following Features:

  • Party Wise Outstanding
  • Balance Alert
  • Daily Sales Report
  • Perfect & Fast Billing
  • Salesman Wise Sales Tracking
  • Area Wise Sales Tracking
  • Booker Wise Sale Tracking 
  • Post Dated Cheques Controlling

Conclusion: 

Each and every business has distinguished necessities for segmenting the best retail POS system, but comprehensively, it should enhance efficiency and profitability. 

Your retail POS system will assist you to sell in-store, online, let you manage your inventory, and integrate with your accounting software. 

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