What is a cash register?
A cash register is a working tool used in businesses to record financial transactions and issue receipts and invoices. It also allows you to keep track of sales and company accounting. It is possible to find manual or electronic cash registers on the market, they can also be connected with other devices such as payment terminals dedicated to the use of credit cards.
The advantages of using a cash register
Accountkeeping
The cash registers have the possibility of precisely monitoring the company’s sales. It is very useful for accounting and cash flow management of the company and above all it is a real time saver.
Sales and product monitoring
Certain checkouts are configured with the aim of tracking sales of each product and/or service. This monitoring is very practical for evaluating the performance of items, as well as for controlling available stock.
Payment security
The cash registers process different types of payment, including credit card payments which are very secure. This security is very appreciated by many customers, but also by the company which thus reduces the risk of fraud.
Facilitate understanding
Detailed receipts printed by the cash register allow customers to have all the necessary information at their disposal. This makes it even easier to resolve any problems because all the essential information is provided on the receipts.
Improve efficiency
The cash registers have many automated features, they carry out tedious tasks very quickly and thus allow employees to be more focused on customers.
The functionalities of a cash register
Sales registration
The cash register can record retail sales in real time, calculating the total price of each transaction and generating a detailed receipt to the customer.
Inventory monitoring
The checkout can be used to track stock levels and to order new items when stock levels are low
Issuing invoices
The cash register issues invoices to customers who wish to do so. This also works for deferred purchases.
Payment by credit card
The cash register can, in certain cases, be connected to a credit card reader to allow customers who wish to pay with this means of payment.
Employee management
Certain funds are used by companies to track employees’ working hours, in particular to control potential overtime worked. Additionally, businesses also have access to the sales made by each employee. It is also very useful for awarding possible bonuses.
Customer management
Cash registers are also equipped with features allowing customer information to be recorded, which is very useful, particularly for monitoring loyalty programs.