The checkout process is an important stage of any transaction. To facilitate checkout, choosing a type of cash register can become difficult since there are many brands and models on the market nowadays. This blog will give you an overview of 4 different types of cash register you should know, and what are the benefits of each model.
Overview
Electronic cash register
An electronic cash register is a system designed for the checkout process. This type of cash register can store cash, accept cards, collect inventory data, track sales, generate reports, and many more.
Electronic cash registers include a cash drawer, an input screen, and (optional) an analog pad for ringing up sales. Along with these sections, the system can be controlled with a mouse, keypad, or touch. Businesses often use electronic cash registers with barcode scanners or receipt printers.
Thanks to the simple setup and ease of use, this is a low-cost cash register for small retailers looking for basic functions.
POS cash register
Point of sale (POS) cash registers provide retailers a lot more versatile functions. This item on our list of 4 types of cash register works with POS software as an all-in-one solution for business procedures. They include inventory management, sales reports, CRM, loyalty programs, and many more. This combination helps businesses run their stores smoothly and improve customer service. Mistakes across platforms and departments thus can be minimized.
Mobile cash register
The third type you should know is a mobile cash register. As manifested in its name, mobile cash registers can be used outside the retail space thanks to the portability. It also has to come with card readers, receipt printers and drawers.
Mobile cash registers can run with tablet POS software with the same features as in the desktop POS systems. However, they can have a less powerful processing system, thus being not as quick as the desktop type.
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Needless to say, this type of cash register still comes in handy during busy hours. With mobile cash registers, your staff members can move around the store and handle checkout for customers more easily. For service-based businesses, such as restaurants, mobile cash registers can provide a quick and convenient checkout process right at the table.
Cloud-based cash register
Among other types of cash register, the cloud-based one is the latest advancement until now. They can operate anywhere, anytime provided that there is an Internet connection. All transaction data is stored in a remote server and can be automatically updated. This gives retailers great flexibility and many other benefits.
With a cloud-based cash register, financial data can be better protected. Moreover, store owners can also receive the latest updates of the system easily just by downloading the new version. This process brings more accuracy and security to your financial departments.
Final words
We hope that these 4 different types of cash register can help you gain a better overview of this system. Because each business and industry has specific needs, we would recommend having a cash register that benefits your store instead of going for the overpriced one.
Last but not least, cash registers work best with a powerful POS system, and we do have an offer for you. ConnectPOS is a cloud-based POS system all over the world with powerful omnichannel features. Contact our team for more information or start a free trial today!