Point of Sale (POS) Glossary
A sales summary details the financials of a business. The scope of a sales summary can vary widely, depending on its purpose. For instance, a simple sales summary may be produced daily by a merchant to show the day’s transactions. Alternatively, a very complex sales summary presented to a company’s board, stockholders, or potential investors might include years of data and profitability of specific periods.
Reviewing a sales summary can be critical to making good business decisions. They help merchants decide which products to carry, evaluate sales, and plan strategies to increase profits.
A point of sale system can collect data that is used to print reports. POS analytics help analyze specific details of a company’s sales and provide a big-picture review.
An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.
You’ve probably been at the register at the grocery store and asked if you wanted to contribute money to a charity as you checked out. Maybe you donated, or perhaps you found it was annoying. It might have depended on your mood that day, or possibly the charity was a deciding factor.