Having data at your fingertips is good. Having data that accurately portrays what’s happening in your business at any given moment, is excellent. Point of Sales systems provide business owners with instant reporting with one click or swipe and best of all, this information is available wherever you are. Reporting is viewable from your smart phone, tablet, laptop, or on the POS device itself.
There are practically a zillion ways to look at the data your POS system collects. Okay, that’s a slight exaggeration, but most POS systems have in excess of 50 different reports you can run. Here’s a look at three critical reports for your business.
Total Sales Report
Total sales reports provide a more in-depth look at your company’s overall sales. You can use the reporting to identify low and high periods and then make long-term plans accordingly. This information can be helpful when it comes to inventory, staffing, and sales within your business.
Total sales reports are date specific, giving you the ability to look at daily, monthly, quarterly, and annual sales. Simply select the date range and your data will appear almost instantly.
Top Selling Products Report
You’ll never have to worry about being under or overstocked with certain products. Top selling product reports are customized to view which products are selling overall or within a specific date range. You can even see which staff members sold the product.
Understanding which products are moving fast gives you the ability to order more products at deeper discounts, consolidate shipping costs, and plan for busy times of year.
Hourly Sales Trends Report
Hourly sales trends provide the information you need to ensure you have the appropriate number of staff members working with your customers and clients. Viewing the hourly sales trends reporting demonstrates which times of the day your business is the busiest. You can staff up, save on labor costs, even decide to change your hours of operation.
Contact an Expert in POS Systems
At International Bancard, we offer a variety of payment acceptance solutions. POS Systems provides people with a way for customers to pay, plus so much more! If you’d like to know more, please contact us today to discover how this solution may be the right one for you.