Retail outlets, restaurants and other fast-paced B2C enterprises share the common business trait of receiving many payments over the course of a day. Sometimes big amounts, sometimes small, but always a high transaction volume and always worth tracking.
Using a point of sale system, or POS, is the way to do this effectively. A POS is the platform by which your customer makes a payment for your product or service. Simply put, every time a customer makes a purchase at your store, they’re completing a ‘point of sale’ transaction.
If you are still with us after that long list, you can see why you must carefully consider which aspects of a POS-Xero integration you want and need in your business. This consideration process is the first step to finding and choosing a POS system that is going to provide you ‘full’ integration with Xero.
The good news is that after you have made it through this initial process, the actual work of integration of your POS system with your Xero account is fairly simple. However, you approach it, it is an effective way to reduce manual administration tasks and minimise the risk of human error in data management. Once the systems are fully integrated, the upside is enormous. The financial insights alone will help you make better business decisions and, therefore, help your business become more profitable.
