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Steps to Get Started with Your POS System

A point of sale (POS) occurs when a client executes the payment of goods or services. A point of purchase is when sales taxes become payable. Point of purchase transactions may occur in person or online, with receipts either generated electronically or in print. It’s also a software program that functions as a retail management platform for running your entire business. It’s vital to choose the best POS system for the industry to track your inventory and help take care of your clients. Below we take a look at some of the steps to get started with your POS system.

Determine the store you would like to have

The steps involved in getting started with your POS system will depend on your store’s processes and setup. It would be best to determine how many registers you require, the devices you will need to ring up sales, and what types of payments you will accept. These answers will help you prepare equipment and materials you require to make things easier for you and employees who create your POS system. It’s a good idea to do your research and choose the POS system that will best fit your business needs.

Decide who will set up your POS System

There are several ways in which you can choose to design your POS system. You can decide to do it yourself or seek help from a vendor. If your retail operations are complex or you are running multiple stores with large product catalogues, it’s a great idea to seek help from a POS vendor. Most of the service providers offer launch services to get retail shops up and running. These services include uploading products, training team members, configuring settings, migrating store data, and integrating the solution with other applications. Hiring an expert will also help to have general knowledge in the point of sale setup process.

Launch the software and log in

After setting up your point of sale system, the first thing you need to do is run the software. With web-based POS software, there will be no installation if you are using a laptop with internet access. Just launch your browser and go directly to your store’s URL. If you are using an iPad device, download and install the application, then log in and set up your account. This step also involves entering your business location, number of outlets you have, and your store name. Most POS software will have walk-throughs or prompts that will guide you through the setup process.

Upload your products

After launching and setting up your account, you need to develop your inventory. If you have several items to sell, you can add them manually into the system. If your catalogue is large, you will need to upload your inventory information in bulk. Most of the POS solutions will upload the products using a CSV product list that contains a supply price, product name, product category, brand name, retail price, and product description. 

Set up your payments

You will need to make sure your payment equipment is connected to your POS system. To do this, you will have to configure the software settings so the system identifies the payment processor. The specifications will vary depending on your payment provider, so seek assistance from your merchant services vendor to advise you on the necessary steps that you can take. 

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