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Point of sales systems do more than replace antiquated cash registers as these combined hardware and software solutions often have inventory management, employee time clocks, and reporting features that streamline many business operations.

Customized point of sales (POS) systems are available for retail stores, restaurants, grocery stores, and service providers. While offering the ability to record sales and collect payments, POS systems also provide businesses the ability to authorize their clientele’s credit card payments, track inventory, and create financial reports. Some examples of hardware accessories available for POS systems include bar code scanners, cash drawers, and card readers.