Having a cash management system is crucial for any retail store owners. A basic cash register can be suitable for some businesses, but most retailers are choosing feature-filled 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 a…
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6 Best Bakery POS 2019
Bakery point-of-sale (POS) systems have all the traditional functions of a retail POS system, like the ability to process payments, view sales reports, and customer relationship management (CRM) features. However, bakeries also need recipe management features and ingredient-level supply tracking. A system with all these features can cost $50 to $80 per month, per register….
6 Best Online Credit Card Processing Companies for Small Business
Online credit card processing companies allow you to accept payments on your website. The standard rate is 2.9%, plus 30 cents per transaction, but some offer lower rates. We considered a variety of online payment processing options and compared cost, point-of-sale (POS) features, and more to find the top six, and the best overall. Top…
How to Calculate & Increase Your Customer Retention Rate
Customer retention is the ability of a business to keep its current customers. Customer retention rates are measured by looking at how many customers are lost over a specific period of time. Customer retention is important because higher retention rates are an indicator of customer satisfaction, which typically leads to better sales. Having the right…
6 Best Restaurant POS Systems 2019
Restaurant POS systems go beyond processing payments for food service businesses by providing features to manage front- and back-of-house operations. Most restaurant POS systems are tablet- and cloud-based, making them more affordable than traditional countertop POS with proprietary hardware and software. Expect costs for these newer systems to be around $50 to $200 per month….
6 Best Grocery Store POS System 2019
Grocery point-of-sale (POS) systems have all the features of a standard POS system. However, grocery store POS systems also have industry-specific features, such as scale integrations, which means grocery POS systems can cost more to implement than a standard POS. We looked at dozens of POS systems to determine the best for grocery stores. Top…
7 Best Free Merchant Account 2019
Merchant services allow businesses to accept credit and debit card payments at a point-of-sale (POS) system, online, or through invoices. Technically, there is no way to accept card payments for free. However, there are merchant service and payment service providers with no setup fees, contracts, or monthly fees and more affordable alternative payment options. Top…
What Is an ACH Payment: Features, Costs & When to Use
ACH payments, also known as echeck or electronic fund transfers (EFT), are bank-to-bank payments made through the Automated Clearing House network. Automated Clearing House (ACH) is a system that settles financial transactions between institutions. Traditional banks, merchant account providers, dedicated ACH processing companies, and certain accounting software companies are all capable of handling ACH transactions….
Square POS: The Ultimate Guide
Square is a free point-of-sale (POS) app that uses a credit card reader and your phone or tablet to process payments. POS is the tool retailers use at the point of purchase to process and manage sales. Square POS includes features like inventory management, customer directories, and sales reports to help retailers manage their business….
2018 Appointment Scheduling Software Reviews, Pricing & More
Appointment scheduling software lets clients schedule and pay for appointments and related services online. We researched the top-rated appointment scheduling software options and decided to review Square Appointments, Acuity Scheduling, and Bookeo Appointments. These three services deliver a full range of features at small business-friendly costs. Read on for our review and top recommendations. Best…
Square Fees & Pricing – 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…
Restaurant Profit Margin: Definition and Tips to Improve It
Restaurant profit margin is the percentage of annual sales revenue a business has left over after subtracting all expenses from gross revenue, (total sales). So, to calculate your profit margin percentage, divide gross profit (revenue minus expenses) by revenue and multiply by 100. The average profit margin for restaurants is typically between 3% to 6%….
