The Point of Sale (POS) is the time and place where a retail transaction is completed. At the point of sale, the merchant would prepare an invoice for the customer (which may be a cash register printout) or otherwise calculate the amount owed by the customer and provide options for the customer to make payment. After receiving payment, the merchant will also normally issue a receipt for the transaction. Usually the receipt is printed, but it is increasingly being dispensed electronically.
The POS accounting module in Denali allows users to set up multiple registers, sales promotions, and track performance in multiple departments.« Back to Glossary Index