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.
As a savvy small or medium-sized business owner, you know that you can’t outsell the giant mega-store. You build your customer base because you provide excellent service, an enjoyable shopping experience, and a fantastic value.