November 30, 2020

POS Reports Your Retail Business Should Be Using

By k3t04nsaya

Increase sales and minimize waste at your store with the data already in your agen poker resmi system.

  • POS systems provide tracking tools and built-in reporting functions to allow business owners to gain quick insights into their sales data. 
  • There are multiple types of POS reports, including employee, sales, inventory and store. Each report can help you make business decisions moving forward.
  • The complexity of the POS system determines what data is provided. At a minimum, the system will track inventory and sales totals.

Many successful retail stores still use old, bare-bones checkout systems. While these work well enough for basic transactions, they don’t offer much insight into how your business could be streamlined. Point-of-sale (POS) systems designed with retailers in mind are loaded with reporting functionality to increase sales and minimize waste.

If your retail establishment has recently transitioned from basic checkout to a state-of-the-art POS system, or if you’re simply considering doing so, this guide can serve as an introduction to basic reports that many retailers find useful.

What is a POS report?

A POS report is generated through the data collected during each sale you make. At a minimum, the data tracked by a POS system will include transaction totals and items purchased during each transaction. However, POS reports can also provide valuable insights to businesses. For instance, POS systems can generate a report for each individual employee’s transactions. This helps managers instantly access sales figures to calculate who is making the most sales. POS reports are also a tool to compare figures at locations. For instance, if you’re a franchise owner and note that one store is not performing well, you can troubleshoot the issue early on by relying on the POS report data.