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What s POS?


What s POS?

POS is an abbreviation for Point of Sale.

What is a Point of Sale System?

A sophisticated, computerised, cash register system made up of computer related hardware and software. It may take the form of a single computer and POS Software with attached POS hardware eg. POS Printers, Cash Drawers, Scanners etc or it may comprise of hundreds of computerised POS terminals all connected covering a vast network and area.

History of POS

Up until the late 1980's, early 1990's most retail businesses used cash registers to record sales, temporarily store cash and perform daily, weekly or monthly reporting. Although the traditional cash register is a robust piece of equipment it lacks the storage capacity, connectivity and flexibility of the modern day POS System. As computers became more affordable and education levels in computing increased, retail businesses began to take advantage of the huge benefits a POS System can make when running a business in todays increasingly competitive world. Australia, in particular, saw a huge conversion from the traditional cash register in the year 2000, due to the highly publicised "Y2K Bug" and the introduction of the GST (Goods and Services Tax).

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