In the world of retail, a cash register is more than a place for keeping every dollar made safe and organized. This machine is vital in processing a customer’s transaction and all the records quickly and accurately. Before you decide to use a cash register for your business, consider the following first.
- Your business size and needs
For many small brick and mortar stores, a regular cash register is enough for their day to day operations. That’s because their product turnover is not as huge as those of supermarkets or convenience stores. But if your current inventory is large and you have a variety of products, perhaps you should consider a point of sale systems or POS instead.
- The business plan
Planning on expanding your business in the coming years? Maybe you are better off using a POS. But if you want to focus on establishing your small business with a few good products for now, then a cash register is a better option. It is more budget-friendly and is simpler to use, too.
- Your customer
Based on experience, what types of customers buy from you? Do they use cash or credit cards when paying? If they pay in both methods, then you have to buy a separate credit card terminal to process credit and debit card payments.
- Security features
Keeping cash and other forms of payment safe is number one priority. That’s why it’s necessary for you to look for cash register models with security features such as locks and password codes.
- Printing options
Cash registers either use thermal or ink to print receipts. While a thermal printer is more expensive, it saves money in the long run since you don’t need to buy ink cartridges.
6 and 7. Product brand and supplier
As a business owner, you want to save some cash in buying machines for your business as much as possible. But also want to invest in a quality product that you can use for years. The good news is that you can buy branded cash registers from online stores. Some stores offer the lowest price guarantee while others also give discounts to customers buying more than one product.