Electronic cash registers are common in retail stores as they are affordable machines that can process sales and record consumers’ transactions. Depending on the quality of the machine, a good cash register can last and be of service up to a decade. If you’re planning to buy a new model for your retail store or want to purchase your first cash register before you open your store, then you have come to the right place. Here we break down the advantages and disadvantages of an electronic cash register and a computer with a cash register software installed, and weigh down their benefits to your retail business.
Always an Affordable Investment
Traditional electronic cash registers are usually affordable and practical for small businesses and retail stores, which is why it is still the most common component of many business’ eCommerce systems today.
The good thing about the electronic type of cash register system is even the affordable ones can be highly dependable, which is quite practical if you’re just starting your business. Of course, you can always replace them with better models when time comes and you have the budget. If you’re planning to purchase this type of register for the first time, make sure you check the memory – on whether it has enough space to keep track of your sales and assess the performance of your business. Higher memory registers with more sophisticated functions are obviously the more expensive ones.
Speeds Up Checkout Time
The two obvious advantages of an electronic register are fast checkout and ability to track customer transactions. Most models out there are quite easy to use while providing accurate record keeping. Basic hardware includes a display or monitor, a keyboard and a printer. Even the most affordable models can work conveniently by keeping records of sales, provide the store price look-ups, calculate total amount and change and print buyers’ receipts while keeping the record for the store.
Also, many models include correct sales tax feature where it automatically calculates the payable tax receipt after receipt, run reports and identify employee sales. Models that offer more advanced and sophisticated options depend on the type of record-keeping the store needs.
Security is another great factor to consider, and most retail cash register systems come with good security systems to keep the money safe. Cash drawer automatically locks, which forbids unauthorized users from logging in and getting their hands from the money inside.
Though electronic cash registers are relatively easy and quick to use, they still require training. Different models have different instructions and functionalities, thus, then you replace your old model with a new one, there will surely be a learning curve. And if you have an employee as your cashier, you may need to train that employee as well. This can be a hassle if you are juggling so many things simultaneously in your business.
Electronic cash registers also differ on mechanical features, such as the built-in printer type, number of keys, etc.
Another big drawback you should consider in this type of cash register is that, a simple malfunction or power outage can cause it to lose stored data, which can be a huge problem for tracking your sales and business’ performance.
How Cash Register Software Can Help
Because cash register software is installed and functions in a computer, you have all the advantages of a traditional cash register minus the disadvantages. The computer will take care of safekeeping your data while provide you faster and more convenient cash outs.
Most software programs are also designed with user-friendly and straightforward interface that can be used by anyone easily.
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