Point of Sale (POS) Glossary
Yearly profits are calculated by deducting operating expenses and cost of goods from revenue for the last 12 months. Many things are included in operating expenses, including employee salaries, utilities, and rent. It is essential to include all costs to get an accurate yearly profit amount.
A point of sale system can record all the items sold at a store. In addition to POS transactions, website income and any other sales must be included in revenue. Any returns, damaged, expired or stolen inventory is deducted from revenue.
Yearly profits are an essential metric for evaluating a company’s success. If a business is not generating a large enough annual profit or losing money, it may indicate that changes are necessary to restore the company’s health.
See what separates ACID Point of Sale from the rest of the POS solutions.
Meet Magento Florida Feb 15-16 2023
It was great meeting all Adobe Magento industry professionals that attended Magento Meet Florida. The event was planned perfectly from sessions to solutions.
Meet us at Meet Magento (Feb 15th-16th) at Seminole Hard Rock Hotel in Miami, FL
This year we decided to attend Meet Magento in Miami, FL from Feb 15th-16th, 2023. It's a great opportunity for us to visit with some of our existing customers, and future partners.