A cash register combines a secure cash box, advanced adding machine, and receipt printer into one operating unit. Many connect to credit card terminals and bar code scanners and some incorporate inventory and point-of-sale (POS) software for added functionality. Best Cash Registers for Small Businesses Small business owners have two overall choices when selecting a…
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Clover vs Square: Price, Features & What’s Best in 2020
Clover and Square both have easy-to-use point-of-sale (POS) software, a full suite of hardware, and integrated payment processing with online, mobile, and contactless payment tools. The biggest difference between Clover and Square is that Clover has higher upfront and ongoing costs with a few extra features, while Square is more transparent and affordable, making it…
POS System vs Cash Register: What’s Best for Retailers
Having a cash management system is crucial for any retail store owner. A basic cash register may be suitable for some businesses, but most retailers are choosing feature-filled point-of-sale (POS) cash register software programs that run business operations much more effectively. We compare both options to pinpoint what’s best for your business. When To Use…
5 Best Spa and Salon POS Systems 2020
A spa or salon point-of-sale (POS) system manages client transactions, sales data, and tracks customer information just like any other POS system would. They also include industry-specific features like appointment scheduling, online booking, and client-facing account management tools. The best spa POS systems include all of these features and start at under $100 per month….
4 Best Cafe POS Systems for Small Businesses
Cafe point-of-sale (POS) systems help small coffee shops and eateries efficiently manage counter, seated, take-out, and delivery orders. Cafes are usually high-volume and fast-moving, meaning business owners need a durable and sophisticated POS system that’s also easy to use. Based on our evaluations, the best cafe POS systems are: : Best overall cafe POS system…
How To Track and Count Inventory + Free Templates
Conducting a physical inventory count is a tedious, but essential business process. This guide gives you the tools you need to efficiently handle a physical inventory count, and get you started on a process that works for you. You can also download our free inventory templates and follow our quick tips on how to use…
Stripe vs Square: Which Payment Processor is Right For You in 2020?
Stripe is a developer-friendly payment processing solution best for online businesses wanting to add a customizable checkout to their website. Square is an out-of-the-box point-of-sale (POS) and payment processing platform that’s best for small businesses needing an all-in-one solution. When comparing Square and Stripe, the main difference is Stripe requires technical knowledge and needs to…
Inventory Shrinkage: Definition, Causes & How to Prevent It
What Is Inventory Shrinkage? Inventory shrinkage is recorded when a product’s listed quantity-on-hand exceeds the actual physical count. The difference between these two amounts is referred to as “shrink.” In a retail setting, this is sometimes called retail shrink; and in a warehouse or manufacturing business, it’s generally reported as inventory shrinkage. Either way, it…
Retail Inventory Management: Definition & Best Practices
Retail inventory management is stocking products that buyers want, using pricing and promotions to sell profitably, and maintaining inventory at levels that meet demand without over-purchasing. An overall inventory management plan guides how this all gets done, from intelligent purchasing and pricing to procedures covering receiving, inventory counts, and location tracking. In today’s data-driven economy,…
POP vs POS: What’s the Difference?
POP and POS are two important transactional elements of every retail store. While the point-of-purchase is the point at which a shopper decides to buy an item, the point-of-sale is where they actually pay for that item. POP displays promote products and build awareness, while the POS system serves a virtual command center that can…
6 Best iPad POS Systems 2020
A point-of-sale (POS) system is the brains of any retail, restaurant, or salon business. It’s what you use to accept payments, track inventory, and fulfill orders—just to name a few features. iPad POS systems have the additional advantage of being lightweight and cloud-based, so you can synchronize multiple devices, and manage your system from any…
Shopify vs Square: Price, POS & Online Store Compared
Square and Shopify both offer user-friendly point-of-sale (POS) software, online store and ecommerce functionality, and integrated payment processing with industry-leading omnichannel and contactless payment tools. The biggest difference between Shopify and Square is that Square’s POS and online store products are free to use, whereas Shopify requires a monthly subscription. We’ll evaluate Square and Shopify’s…