What is point of sale (POS)?

A point of sale is the place and system where a sale is recorded, payment taken and a receipt issued — the till in a shop. An integrated POS takes stock and records the accounting entry with every sale, and closes each shift by counting the cash drawer.

Operations

Point of sale (POS)

A point of sale is the place and system where a sale is recorded, payment taken and a receipt issued — the till in a shop.

Explained

An integrated POS takes stock and records the accounting entry with every sale, and closes each shift by counting the cash drawer.

Related terms

Cost of goods soldCost of goods sold is the cost of the items sold in a period, deducted from sales to reach gross profit.

All terms