Today, many point of sale apps are cloud-based, run as apps on tablets and smartphones, and they offer tremendous resources to small business owners at cost-effective prices. POS systems began as hard-wired in-store setups, where all the software ran on an on-site computer and linked to register terminals. Many POS systems will even sync with accounting software, creating a complete financial management package for your operation. Point of sale systems make it all happen, linking hardware, such as a cash register or credit card reader, with software that will process credit and debit card payments managing inventory tracking sales data, and collecting customer information. Usually, it involves an exchange of money, whether cash, check, or credit card for merchandise or a service. Point of sale apps (POS) are the place in a store or elsewhere where the actual business transaction takes place.
