Food & Beverage industries and restaurant business owners at Singapore might be well aware of the term POS. It stands for Point of Sale and represents a computerized system that assists entrepreneurs to track their cash flow, sales, and food inventory. POS can help you to maintain bookkeeping in a trouble-free manner.
Why is POS important for a restaurant/F&B business?
Restaurant and F&B businesses need to deal with more cash and credit cards in a routine so it may become little difficult to manage the right flow of money. The POS system can track every single penny for restaurant sales along. The great news is that advanced POS systems can also work like credit card processors while ensuring more safety to businesses and customers as well. This advanced software platform also assists in reducing employee theft issues as it keeps on maintaining all sale records accurately.
Benefits of POS:
Experts recommend using POS systems for restaurant/ F&B businesses as it provides several amazing benefits and assists in the long-term growth of the business. A good POS system helps to simplify conversations between wait staff and kitchen; there is no need to handover all orders manually as POS sends all order details directly to the printer installed in the kitchen. It is simply the best way to reduce unwanted movement of wait staff and will also maintain decorum at your premises.
You will be happy to know that POS systems have the ability to track everything including food usage as well as top items highlighted on the menu. Now as the POS systems are well efficient to work like a time clock they can also help you to track employee shifts at your restaurants. Indeed, it is the simplest way to prepare payrolls without any mistake in work hour detailing.
The POS system can manage the proper flow of routine sales and it naturally helps you to save more by cutting the bookkeeping department on your premises. It not only tracks the daily operations but at the same time the advanced POS system can organize the profit-loss statement and sale tax.
The drawback of POS:
We know that every technology comes with certain drawbacks, same is the case with POS system. Although it can maintain everything perfectly in your restaurant business, the system itself stays inside a computer that can crash anytime. Now in case if you do not have a backup of your POS data, you can fall into great trouble but those who are intelligent enough to maintain a routine backup of sales, profit-loss statements and payroll details will always be able to grab positive benefits from POS.
Warranty issues with POS:
Now as with POS system you are going to save more on Bookkeeping, so it is a good idea to hire a technology expert with that amount to keep your POS functional all the time. Note that POS system is not like old-fashioned logbook that you can maintain on shelves, it is a digital system that needs time to time updates. Also, it comes with limited warranties so in order to avoid problems after warranty; it is good to have an expert on your end.
Where to find trustworthy POS system deals?
You can easily find many POS distributors for your Food & Beverage business Singapore. Few most trustworthy names on the list are:
If you are ready to open a F&B business then you may not feel POS much important as a beginner but if you have long-term plans about your business then it is good to install POS system at your premises right from the beginning.