Record Sale Transactions

The primary function of a POS System (also called Retail Management System) is to document the trade transaction.

When a customer makes a purchase, a receipt is printed out for the customer, as evidence of a successful payment.

To record the transaction, input devices such as keyboards, touch screens, scanners may be used.

Payment may be made in cash or in electric transfer format via credit cards, debit cards, bank cards etc.  To accept electronic payment, devices such as Magnetic Stripe Reader (MSR), Signature Pad, Pin Pad are used.

To produce the receipts, many types of printers such as thermal printers, impact printers, inkjet printers and even laser printers are available.

Transaction data recorded by the POS system may be used for different purposes, such as financial reporting, sales analysis, inventory management and repeat customer engagement.