What is POS software?

Point of sale, or POS, systems are software solutions that help you accept payments from customers and keep track of sales. While traditionally referring to a system kept only in-store, these days POS systems can be set up to work wherever your customers are buying from you.

What are the benefits of POS software?

• Speed up sales: Help cashiers and customers get to their end point quickly with multiple payment options, pre-filled customer information and secure sales

• Improve the shopping experience: Give your customers a better shopping experience with real-time product updates, loyalty programs, and easy check-out processes.

• Manage stocks and prices: Update stock availability and current prices from one place. Track available inventory and restocking timelines from your POS system to help customers know when products are back in stock or how they can pre-order them, and put items on sale coordinated across every channel you have.

What are the typical features I can use with POS software?

• Transaction recording: Record all of your sales transactions across every sales channel and easily find them again when needed for customer returns or disputed charges.

• Inventory management: Track the availability of your products and know when items are running low. Forecast future stock needs and set up automatic reordering based on forecasted demand, saving you time reviewing sales numbers.

• Multi-channel reporting: Pull data from different stores, branches, and channels to create detailed reports on information like popular products, successful stores, team activity, seasonal demand, and margins.   

• Payment collection and storage: Collect payments from multiple sources and store customer payment or contact information for easier checkout experiences. Boost customer loyalty programs and monitor rewards for better customer satisfaction that keeps them coming back.

How POS apps work with Xero

Syncing your sales and accounting is crucial to running any business. Point of sale apps that integrate directly with your Xero account, enable you to unify multi-channel sales with the records you keep in Xero, slashing manual entry. Some examples of what POS app integrations with Xero allow you to do include:

• Automatic syncs of daily sales and takings at a granular level, including gift cards, tips and petty cash used

• Built-in Accounts Receivable tools including automatically created Xero invoices for purchase orders that customers can instantly pay

• Real-time reports on Costs of Goods Sold, Stock Adjustments and Additional Stock Costs for enhanced cash flow management

Find your fit

Every point of sale apps’ integration with Xero can be different. To learn more, browse through the apps in this category. Click on an app to find detailed information on how it works and integrates with your Xero account, and ratings and reviews by other Xero users. Want to try an app? You can then get started directly from the app listing page in just a few clicks.