Cash Register Buying Guide
A cash register is a system of keeping records of incoming money or cash in a business, quite often in exchange of a sale. Initially, they were in the form of traditional hand written registers, but with technology developing by leaps and bounds, nowadays, cash registers have become digital too. Today, they are defined as an electronic form of registering and calculating cash usually at a point of sale. They are also automated to record every transaction and are usually attached to the printer.
Types of Cash Registers
Electronic cash register (ECR)
These are the electronic cash registers with a cash drawer at the bottom. It also consists of a screen where the input is filled in order to access the cash register. Such cash registers are equipped with printing feature and bar code scanners.
Point of Sale Cash Register (POS)
Such systems are great for retailers and provides great assistance to them. They are equipped with a POS software that collects and observes data. They keep a strict record of point of sale and are usually in the form of a completely computerized digital system.
Tablets and Mobile Cash Register
Such cash registers have become quite common in the recent times as it provides a quick way to checkout for customers. Such registers are installed in the mobile or tablets and can be movet about in the store easily. They are highly common in stores which have a high foot fall as it allows the executives to record the items and provide a quick receipt for the same.
Cloud-based Cash Registers
Cloud based cash registers allows you to access the cash register from anywhere but with a good internet connection. The biggest advantage of such registers is their off-site accessibility. Cloud based cash registers are also highly secure allowing more and more retailers to implement them in their daily transactions. Such systems allow the owners to look at everyday sales, check inventory, complete pending orders keep a track of promotions and strategies etc. Such systems allow the whole store to work as one functional unit.
Benefits of Cash Registers
Cash registers perform many functions like keeping a record of every transaction, recording every dollar that is coming in at each counter along with the amount of changes that needs to be given back. Some of them also acts as a bar code scanner, allowing you to keep a record of every product that is being sold. It helps to focus on improving customer service by making the checkouts quick and efficient. They also help in understanding the preference of brands between clients.
Cash registers can give a tally of what products are required and how many numbers have been sold. This allows the store managers to re-stock the items as per their demands. This also gives the retailers an idea of what is the customer looking for which in turn helps the stores to increase their sales.
More Than a Cash Repository
Cash registers have become much more than just registers. Today they are built as secure storage unit that contains the records and cash of every day’s sale and discounts information. They are also used to store gift cards and stamps, so that the juggling between customer service counter and billing counter can be avoided. This helps in improving the experience of customers.
Sorting and Shuffling
Many cash registers come with a removable drawer for cash so that at the end of the day, calculating them could become an easy job. Otherwise with receipts, money, tickets and coupons, calculating the right amount could be difficult. Thus, such automaed cash registers are greatly preferred by stores whose daily sales is quite high.
Factors to consider before purchasing cash register
The size of the till is equivalent to the size of your business. If its a bigger business with lots of sales in a single day than, getting a POS based cash register with an attached bar code scanner and printer is a good idea.
Always go for cash registers that comes with added security. Apart from the standard locking system, a good cash register should have the password locking feature that will guarantee improved safety and security.
Going for a cash register with a printer is very important as it will allow quicker checkouts. There are two types of printers to go for, thermal printer and print ribbon printer. A thermal printer prints receipts with the help of heat, whereas other the other one requires ink to print it. It is however recommended to go for a thermal printer as it will save you the extra cost of replacing the cartridges.
Electronic or Mechanical Cash Till
Although you can choose from a range of mechanical and electronic cash registers, it is always recommended to go for electronic ones as it will allow you to automatically take the stock reserves into consideration. With the mechanical ones you will have to type in the figures manually amking the entire recorkeeping pocess quite tiresome. Therefore, based on your requirements, go for the electronic cash registers.
Cash registers are an integral part of any business. Without this, any business can go haphazard as no cash register means no stock control and confusion between product quantity etc. Cash registers are common is almost all the stores across the globe as its multifunctional feature of cash register, storage and calculator has made them highly popular with all retails and stores. For more information on the types of cash registers available today, take a look above at our featured section. We have listed some of the best variants of cash registers based on their features, performance and quality.
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