What Is a POS System and How Does It Work?

What Is a POS System?

A POS system is the place where your customers complete a purchase for goods or services. It’s the modern-day equivalent of a cash register, but with far more features. A typical POS setup includes hardware (such as touchscreen terminals, barcode scanners, receipt printers, and cash drawers) and software that manages sales transactions, inventory, reporting, and customer data.

How Does a POS System Work?

Here’s a step-by-step look at how a POS system functions in a real-world setting:

  1. Product Selection
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