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Point of sale reporting tools can help you grow your business and simplify your day-to-day operations. Our guide gives you examples of POS reports and the best vendor options.
POS reporting is one of the most important features that all of the best POS systems for small businesses include. They can be integral to helping your establishment operate at peak efficiency. But not every point of sale system offers the same reporting suite so it’s important to know what comes included in your subscription if deep analytics are important to you.
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A POS report is a collection of data your point of sale system gathers. Because modern POS systems can track item sales, credit card transactions, employee hours, and more, they can also generate a variety of reports on a weekly, daily, or monthly basis.
The biggest benefit to POS reporting tools is the ability to show trends, such as popular items or busiest times, that can feed into making crucial business decisions like what inventory to buy, when to schedule more employees, or when to push sales to make up for a natural annual decline.
At this point, POS systems have grown far beyond a simple solution for an outdated cash register.
No longer does your POS system handle only in-person sales. Your POS, whether locally installed or cloud-based, can be a hub for every aspect of your small business.
A good POS system will deliver reports based on data it has collected automatically each day. This data includes (but is not limited to) sales, inventory, employee time punches, and register balances. Your POS can also collect information from online orders, customer reviews, marketing results, and more.
There are even some POS systems that integrate with technology that allows you to count your store’s foot traffic. There’s almost no aspect of your business that can’t be measured and turned into a report.
POS reports can be accessed via the POS terminal, a web portal, and/or a dedicated mobile app, depending on the POS system.
Now that you know more about POS reporting, we can discuss the 5 most important point of sales reports.
At this point, most POS systems offer some kind of basic reporting. If you find one that doesn’t, it might not be a good choice. Reporting is crucial for business owners to stay up-to-date with their business, employees, and customers and keep everything running smoothly.
We understand that some industries need more specific features along with great reporting. Whether you need a POS system for your bar or the ability to set appointments on your POS for service-based businesses, there is a perfect fit for you.
Don’t settle for a second-rate POS system just because it has some of the features you want. Find the unique and customizable solution that’s perfect for you, your business, your employees, and your customers and has all the features you need.
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Square |
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Square is an industry-leading point-of-sale and payment processing provider. Sign up for a free account and get a complimentary card reader for use with Square POS. Start For Free.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
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