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How to Organize Inventory for Small Businesses

By Meaghan Brophy on August 7, 2020 | Brick and Mortar, How To, Retail

Inventory management is the process of having the right products, in ideal quantities, at the right time to sell to customers. Accurately managing inventory can increase revenue by preventing stockouts, overstock, and unsold products. When learning how to organize inventory for small businesses, the easiest solution is to use a software program to automate the…

What Is a POS System?

By Meaghan Brophy on July 15, 2020 | Brick and Mortar, Retail, What is

What is POS - what is a POS system and how can it help your business

Point-of-sale (POS) systems handle the entire checkout process, from bar code scanning to payment processing. POS systems also include backend management features such as inventory and analytics. Restaurants, retailers, and most other small brick and mortar businesses can manage all aspects of their operations through a POS system. The point of sale (POS) is the…

Square Fees & Pricing: The Ultimate Guide

By Meaghan Brophy on July 2, 2020 | Brick and Mortar, Retail, Ultimate Guide

Square fees and card reader equipment costs - the ultimate guide

Square is a payments, point-of-sale (POS), and business management tool for small businesses. Square charges a flat-rate payment processing fee, and businesses can use Square’s POS app for free. Additional features such as marketing and payroll, are available for a monthly fee. Square offers an affordable solution that can be customized with different features. How…

NFC Payments: Everything You Need to Know About Contactless Payments

By Meaghan Brophy on June 12, 2020 | Brick and Mortar, Retail, What is

NFC payments are contactless payments that use near-field communication (NFC) technology to exchange data between readers and payment devices like Apple Pay and Google Pay eWallets in smartphones and smartwatches, or tap-to-pay credit and debit cards. NFC devices must be close together (typically less than 2 inches apart) to complete these contactless payments. NFC payments…

4 Best Inventory Management Software 2020

By Meaghan Brophy on June 10, 2020 | Brick and Mortar, Buyer's Guide, Retail

Inventory management software does more than just tell you what’s currently in the stockroom. Good software helps businesses track items or parts throughout the different supply chain stages from supplier through assembly, storage, and sale. Inventory management software provides greater visibility into all of these stages, allowing businesses to rely less on physical counts, achieve…

7 Best Free Inventory Management Software for 2020

By Meaghan Brophy on June 10, 2020 | Brick and Mortar, Buyer's Guide, Retail

Inventory software makes it easy for businesses from offices to stores to warehouses to track products, tools, and assets. Most free inventory management software limits use or features and offer paid plans if you need more. Many small businesses, however, find the free versions sufficient for their needs. Top 7 Free Inventory Management Software for…

POS Reconciliation: What It Is & How It’s Done

By Meaghan Brophy on May 28, 2020 | Brick and Mortar, Retail, What is

POS Reconciliation

POS reconciliation is the process of manually checking your POS sales records against your cash on hand and credit card processing statements to ensure there are no discrepancies. POS reconciliation can be done anytime, but more frequent audits ensure any disparities are identified and fixed right away. For most businesses, the best practice is often…

How to Set Up Click and Collect and Curbside Pickup

By Meaghan Brophy on May 7, 2020 | Brick and Mortar, How To, Retail

Click and Collect

For independent retailers, accepting online orders for in-store pickup is an effective way to boost sales and increase customer satisfaction by making it easier for shoppers to buy. Click and collect is when a customer selects and pays for products online, then the retailer packages the order and has it ready for the customer to…

ShopKeep by Lightspeed vs Clover: Price, Features & What’s Best in 2020

By Meaghan Brophy on April 1, 2020 | Brick and Mortar, Retail, Versus

When comparing ShopKeep by Lightspeed vs Clover, there is a stark difference between a full-bodied POS and a just-the-basics, budget management software. While both systems have similar core features, ShopKeep by Lightspeed’s tools are far more granular, which is a requirement for growing retail and cafe businesses. However, Clover has mobile payment and appointment management…

6 Best Retail Management Software 2020

By Meaghan Brophy on February 14, 2020 | Brick and Mortar, Buyer's Guide, Retail

Managing a retail business is an enormous task. Retail management software helps businesses track inventory and customer orders across sales channels, manage customer relationships, and coordinate vendor orders. The best retail management software integrates seamlessly with point-of-sale (POS) software and ecommerce platforms, and has starting costs around $100 per month for small businesses. Top 6…

How to Set Up a POS System

By Meaghan Brophy on January 8, 2020 | Brick and Mortar, How To, Retail

Restaurants, retailers, hotels, and service providers use point-of-sale (POS) systems to handle customer transactions as well as backend features like inventory management and analytics reporting. For new small businesses, setting up a POS system can be as easy as downloading an app. For more complex businesses, setting up a POS system may require professional installation….

Planning Your Retail Store Layout in 7 Steps

By Meaghan Brophy on January 7, 2020 | Brick and Mortar, How To, Retail

Having a deliberate retail store layout is important for maximizing revenue for brick-and-mortar stores. By setting a plan, retailers can strategically direct shoppers to high-priority products and drive impulse sales. An effective retail store design also makes the space organized and easy to navigate, which is important for providing a good customer experience. Here’s how…

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