Tag: Point of Sale (POS)
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Bookkeeping – Retail Accounting with Item Tracking (Lesson 76)
The retail business is interested in what sells well, not how well something performs against an estimate (project accounting). The retail business uses a different type of accounting to analyze financial performance.
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Inventory Management – Specific Identification Method
There are several methods used to manage and track inventory in retail. One of the most accurate inventory management tools is the specific identification method.
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Point of Sale System – Introduction
Almost all retail based operations require a Point of Sale (POS) System to properly record the customer and product activity. What is a Point of Sale System?