How To Generate Reports Using EPOS System
What do reports show?
Business owners and managers with the help of epos systems generate customizable reports of business data. The information can be displayed in many forms in a given time period.
- • Number of sales done
- • Sales value
- • Mean, median, and mode of sale values
- • Current inventory
- • Change in inventory
- • Number of promotional transactions
- • Individual customer loyalty statistics
- • Most popular items
In addition to the above reports they also show the relationships between the information to compare and analyze data and 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 ways of accessing report features from your epos system
Some point of sale systems provides the basic reports but you need to be logged into your work computer or the data may be slightly outdated. With the outdated information it is difficult to make informed decisions. It is also not always possible sitting at your work computer.
In the advanced epos system you can get the data for the authorized remote users by allowing mangers and business owners to pull data into a comprehensive, detailed report from any location with an internet connection. A modern epos system helps you to pull data from the cloud and to generate report on your iPad or smart phone. This helps you to make intelligent business decision with current data from anywhere and anytime.
What can you do with your reports?
Business owners and managers with the help of these reports can make important decisions about the staff, inventory, marketing and other operations of the business.
Statistics about the employee and department can be used to assess the success of the business. You can also find out the specific areas where customers are interested and the general effectiveness of sales staff. Employee sales figures can also be used to gauge progress with the monthly and yearly goals.
Pricing, inventory, and sales data can be used to gauge the effectiveness of pricing decisions according to the customers demand. It also helps in informed decisions in tickets price and sale discounts. It can also help to take decisions about the product lines or items to be pulled shelves due to poor performance.