Generate Reports From POS System
What do reports show?
Business owners and managers can get the customizable reports that help to compare many kinds of business data. Many kinds of information can be displayed for a particular period of time.
- • Number of sales
- • Value of sales
- • Mean, median, and mode of sale values
- • Current inventory
- • Change in inventory
- • Number of promotional transactions
- • Individual customer loyalty statistics
- • Most popular items
Additionally, reports also show the relationships between this information. They can compare and analyze data to indicate.
- • Effectiveness of pricing
- • Effectiveness of promotional campaigns and materials
- • Sales statistics by employee
- • Sales statistics by department or station
- • Most and least profitable items
How do you access POS reports?
There are two kinds of access for POS system reporting features.
Some POS systems provide you to generate basic reports but you need to be logged into your work computer or else the data might be slightly outdated. It is not possible to make business decisions with outdated information.
In the advanced POS systems the data is available to authorized remote users, allowing managers and owners to pull data into a comprehensive, detailed report from anywhere with the help of internet connection. A modern POS system allows you to pull data from cloud and generate a report on your smart phone. This data can make informed decisions with the current data from anywhere.
What can you do with your reports?
POS system reports can help business owners and managers to make critical decisions about personnel, inventory, marketing, and general operations.
The success of the store layout accessed by the department and employee statistics, the specific areas of customer interest and general effectiveness of sales staff. Sales figures of employees can also be used to gauge progress in relation to monthly or yearly goals.
Pricing decisions and customer demand can be gauged by the prices, inventory and sales data and helps to inform changes in ticket price and sale discounts. It can also help to identify the product lines or items to be pulled from shelves due to poor performance.