A point-of-sale (POS) system is a computerized cash register that keeps track of the money that you make at your business. It has many benefits, including helping you to manage cash flow and keep track of inventory.

Here’s how it works:

When a customer pays for something, the POS system automatically deducts the amount from your business checking account and prints out a receipt for them to sign. This creates an audit trail in case there are any discrepancies later on. Your accountant can then use this information to reconcile accounts and generate financial reports for your business.

In addition to keeping track of sales, POS systems also help you manage inventory by automatically recording when items are sold or removed from inventory. This allows you to better plan for future sales by knowing how much stock to order from suppliers or how much product needs to be restocked in store shelves.