A point of sale or a point of service is the location and time that a transaction is done and finished. A Point of Sale system is used to track inventory, sales, payroll, and labor. Bookkeeping and accounting can then be done from the records that are generated from the system. A POS has become a necessity for businesses in some sectors today including the retail and the hospitality industry because of the efficiency that it brings. POS software has eliminated the use of price tags because the price of an item is linked when a product is stocked. These systems are some of the most complex software systems out there today because they are used in different industries. A bar can choose to use either vendor software or a cloud-based system. Vendor software is installed on the computers that are present at the location of the bar.
On-premise installation is advantageous because it is not affected by internet connectivity. The system runs upon purchase and is not dependent on third parties. These systems are also trusted because of the expertise that the companies that develop them have in the industry. They come fully featured and are robust enough to handle intensive tasks. Another disadvantage of using software that is installed on the premises is that getting an update might take a lot of time if it is buggy. Attackers can exploit these systems quickly and can cause significant losses to the business.
The advent of POS systems that are based in the cloud has made it possible for a system to run on a mobile phone and a tablet computer. It is not uncommon to hear that a POS is entirely based on the cloud and markets itself as an iPad-first POS today. Cloud-based POS systems have some advantages over proprietary software. None of them is better than the other. They both have their advantages. No software installation is required with cloud-based systems. The barrier to entry is low since you can start quickly. More features can be added quickly by the developer which means that the business does not have to wait for long to get a particular feature that they want.
Data is stored on a remote server. The system only runs when there is an internet connection. This is advantageous because data can be shared between different locations and one can access the data if they have an internet connection. There is also better customer service with the vendor of the software since it is online. Bugs can be fixed in a short time. Cloud-based POS systems are cheaper than their counterparts. A system on the cloud will be the best option if one wishes to get their business up and to run in a short time.
One of the more obvious disadvantages of using a system that runs on the cloud is that it is non-functional when there is no internet connection. This is a massive issue because there is no system if there is no connectivity. Some companies with cloud POS systems have gotten around this by adding offline functionality which then syncs with the cloud when connectivity is restored. This is a good solution most of the time because the business can keep running and most of the functionality is available.
A good POS system is one that is a combination of the two types of POS systems. They include on-premise installation and a cloud-based system. Many companies that provide a cloud-based system have realized this. That is why they install a light version of the software running at the client’s location.
The POS system that is best suited for a bar needs to be able to handle purchasing, inventory control, and be a point of service to the customer. A feature that some bars use today is wireless POS. This allows waiters to collect orders on a handheld POS which can be a mobile phone or a tablet. The order is then sent to a server and is recorded. It is a better alternative to the writing on a pad since it records the order and the inventory log is updated accordingly.
A POS system at a bar should be able to process payment through a debit or credit card. This should be a requirement because it makes many tasks easier. This can be done easily by charging the cards of the customers evenly if customers want to split a check or a tip. You will have happy clients and an even more satisfied staff as a result. The POS system should help in keeping track of open tabs which has been done on paper in the past. A POS system will assist in managing the tabs and to see who has paid. There are some POS systems that a bar can choose from including talech, Revel Systems, eposnow, eHopper, Square, and Clover today.