Sales by employee, department, and location.Sales by shift, day, and custom date ranges.Revenue generation drives business success, so the first reports to create on a regular basis should break out relevant sales information including: The amount of available data can be overwhelming, however, so start with the five basic reporting areas below. You may have purchased your POS system to increase customer payment options, but the advanced reporting POS features many applications include can positively impact your overall business operations.
Point of sale reports take a deep dive into this granular data to provide actionable business insights in areas including:Ĭareful POS analysis helps your small business identify competitive advantages and formulate strategies to capitalize on them.ĥ essential POS reports for your business Your POS terminal captures a critical nexus of information for each transaction: sales amount, products, customer, payment method, time, location, and the employee who processed the sale. The difference between surviving and thriving is meeting key performance indicators (KPIs). We'll go over different POS reports to show how their information can inform strategic decisions at your small business. The best POS systems generate reports for multiple business areas, including sales and product performance, that contribute to inventory, customer, and employee management. Relegating your POS system to primarily processing customer transactions, though, is like using your smartphone only to play Sudoku when it provides a near infinite number of possibilities. The initial appeal of point of sale (POS) systems for most small businesses is the ability to accept credit card payments.