Point-of-sale (POS) transaction is what takes place between a merchant and a customer when a product or service is purchased, commonly using a point of sale system to complete the transaction.
POS system such as inventory control, purchasing, receiving and transferring of products to and from other locations.
The main advantage of a computerized POS software lets you analyze sales in different ways, such as by SKU (item sold), time periods, promotions, by store if you have more than one, or even by sales clerk.

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