Still somehow, for a retail business, whether it’s a small or multi-store business, it is essential to have specialized accounting software to maintain accurate books and tax information. With an array of features in a retail solution, some POS systems even offer built-in accounting and bookkeeping capabilities. With the advancements in technology, the advanced POS software is now available with great built-in functionalities like multi-stores management, inventory tracking, comprehensive products and information databases, loyalty programs, marketing campaigns building, and many more. Update: This article was last updated on 20th October 2020 to reflect the accuracy and up-to-date information on the page.Ī Point-of-Sale (POS) system is an integral part of any retail business.
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