Retail stores tend to follow the traditional methods of bookkeeping and management. The billing process is manual where the cashier or the owner calculates the bill amount after adding up the individual prices of the grocery items. The amount is double-checked to ensure there is no error in calculation. For decades, retail sellers have been using the same method. Everything is done manually- from counting inventory to keeping the accounts book and filing taxes.
But in today’s scenario where everyone is in a hurry to rush from one place to another, manual work takes too much time. People are choosing supermarkets for their fast billing services and varied payment options. Retail stores have also stayed upgrading their business techniques and are offering customers to make payments through cash, cards, or payment apps. Some retail stores have installed the billing and inventory software in an attempt to revamp their business strategies.
This move has helped retail stores to retain their customer base and compete with the larger stores in the vicinity. They are no more lagging behind in using technology to make things easier for their customers. As more and more store owners are switching over to installing POS software, it is important to choose the right software for the business. Many companies in the market are providing billing and inventory software solutions to retail stores. By comparing different software solutions, store owners can choose the Best POS Billing Software For Retail Shop.
Customized Categories and Data Fields
- One of the greatest tools that immensely help retail owners is the ability to add custom fields to sort and filter data according to their requirements.
- Depending on the type of products sold by the business, the data in the database can be filtered and viewed.
- Expiry dates, manufacturing dates, fresh produce, limited stock, different brands, prices, etc. are some data fields used by the owners to sort the inventory and sell the goods.
Billing Made Easy
- Fast and simple billing saves time for both the owners and customers. And the best thing about this software is that people don’t have to be tech experts to operate it.
- The billing operations and simple and easy to perform. Once the software is installed and the owners and employees are explained about its usage, they can start using the software for billing.
- The graphical interface makes it easy for employees to match the items purchased to the items listed on the database and add them to the bill.
- With various payment gateway integrations, the software will accept various kinds of payments from customers and print the bill.
- The amount along with the type of payment will be mentioned in the reports for owners to tally the accounts by the end of the day.
Inventory and Stock Updates
- Keeping track of inventory is yet another aspect of the retail business that is time-consuming.
- The software not just helps owners systematically organize the information in the database but also provides them with a detailed list of items in the warehouse at all times.
- Owners will be alerted with the stock reaches a particular level and needs to be refilled to avoid going out of stock.
- The excel files with inventory information can be imported from other drives while auditing the stock.
- With just a few clicks, store owners can see the amount of stock they have of a particular product.
- The layout is uncomplicated and easy to navigate. The category heads are listed category-wise for owners to access the details of individual brands and products.
2D/ 3D Graphical Analytics and Reporting
- Having the data saved in the database is useful only when it can be processed and analyzed to make better decisions.
- The Best POS Billing Software For Retail Shop can analyze the information based on the parameters set by the owner and generates reports that are easily understood.
- Apart from textual reports, the software can generate graphical reports which make it even simpler to understand how the business is performing.
- Graphs give the complete picture at one glance and are widely used in many businesses to generate various weekly, monthly, and yearly reports.
Accounting and GST
- The software helps in accounting and taxation. It automatically calculates the taxes and GST for individual products and prints the bill with the GST details.
- It also gives the owners the amount of tax they have to pay for each quarter.
A software solution with the above features will streamline the business and reduce the time and effort store owners need to invest in the business. Retail owners can make use of the software to find cost-effective ways of managing the business and reaping more profits.