What is POS systems?

POS (Point of Sale) systems are computerized systems used in retail and hospitality environments to manage transactions. They typically include hardware components like a cash drawer, barcode scanner, receipt printer, and customer display, along with software that manages sales, inventory, customer data, and reporting. POS systems streamline the checkout process, reduce errors, and provide valuable insights into business operations. They are commonly used to process sales, accept payments (cash, credit/debit cards, mobile payments), track inventory levels, manage customer loyalty programs, and generate sales reports.