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Some of the main benefits attained because of the installation of EPOS systems, unlike traditional old styled EPOS systems, newest systems have become available in industry in a wide range depending upon the business requirements and also spending budget of the customers. Buyers can choose revenue systems with customized EPOS software enjoyable the wants of their particular business requirements. Latest systems offer customers versatility to buy only essential EPOS accessories that happen to be most relevant with their business niche. Thus customers do not need to invest in features that are irrelevant with their business sector.

EPOS systems not only help managers and owners to make several sell business operation utmost essential but also lessen overall fixed cost and increase profitability of businesses. Contemporary touch screen devices offer the opportunity to type in products and services info into the till machine as fast as possible.

EPOS

This integration will make reconciling your accounts quicker and easier and serve you with endless benefits. The following are the advantages of integrating your accounting software with EPOS system.

1) Cost cutting

According to research done by Association of Accounting Technicians (AAT), 80% of UK small businesses have an individual who isn’t properly qualified in charge of managing their company accounts and financial information. AAT suggests that a potential average loss of £15,000 could result per business. Accounting software for SMEs can cost as little as £10 per month can be saved in employing financial expert and potentially making huge savings.

2) Time saving

SME owners consider time consuming as one of the main reasons for outsourcing their accounts. You can remove hours of tedious and time-consuming admin when you integrate your EPOS system

Consumer confidence was in negative territory marking for 28th consecutive month as consumer’s outlook for the financial situation over the next 12 months fell dramatically from 10 to 4.

Personal finances changes measuring index over the past 12 months also fell 4 points to -1.

“Hope springs eternal for better numbers but the continued uncertain economic forecast means that the sun is not yet shining brightly for UK consumers,” said Joe Staton of GfK.

“Consumer confidence is stuck in the doldrums.”

Office for National Statistics (ONS) revealed that the UK economy had grown just 0.1% over the past quarter, the lowest level since 2012.

The other reason for the five-year low was due to poor weather, which battered retail sales, the ONS was keen to point out that the issue was much wider.

This sent the value of the pound a whole cent against the dollar. It has become less likely as the Bank of England will raise interest levels next month.

Ev

“Despite the hype and attention given to online and its ability to change the way people shop, the reality seems rather different,” says Nielsen’s analytics business partner Aylin Ceylan.

“Although online spend increased by around £300m last year, a 0.1% rise in market share is a rather pedestrian rate.”

“Many will be surprised it’s not faster but online shopping in grocery, unlike many other sectors, is much more a complementary option to stores not an ‘instead of’ option,” she added.

Ceylan pointed the fact that tackling overall popularity of online shopping with UK consumers will require different tactics altogether, considering neither basket size nor popularity which seems to be an issue for the online grocery sector.

“Two-thirds of people who buy groceries do so online and the average online basket is around four times bigger than an in-store one,” Ceylan told press, adding that Nielsen believe the issue is a “frequency one”.

On average people buy

A new data from Mysupermarket’s monthly grocery sales tracker, there is an increase of 5% to £86.77 in March of the most popular 35 items, way above the ONS’s 2.3% general inflation figure for the month.

This was up from the average 3% year-on-year increase and was driven up by items like mushrooms and kitchen towels, rising 42% and 27% respectively.

An overall increase in price of 19 items seen between February and March, nearly double the 10 items that fell. A further 6 items stayed the same price over the period.

“Although March’s basket only cost 1% more than February’s, it is over £4 more expensive than the same basket of goods this time last year,” MySupermarket chief executive Gilad Simhony said.

“We’re seeing retailers respond to rising costs of manufacturing by absorbing the increased cost to keep prices lower for shoppers in some instances. However, the recently introduced sugar tax may push prices up for categories such as squash drink, cola and f

According to GfK, there was a raise of 4 points in consumer confidence from a four year low in December to - 9 in January. Five measures that have been used to calculate consumer confidence rose, which included a marked rise in likelihood to buy big ticket items like furniture, which was up from 1 to 5 points.
A similarly positive Outlook for consumer’s personal finances in the next 12 months saw a raise which was up from 2 in December to 6.
The general economy views over the next year also rose by 4 points to - 24, though effects from yesterdays leaked Brexit report. The report states that the economy is set to shrink 5% even with trade deals in place are not yet visible.
According to GfK’s head of market dynamics Joe Staton it was a “pleasantly surprised” by the figures, but warned that overall confidence is still nearly twice as low as December 2016.
“In the absence of good news about rising wages and declining inflationary pressures, this off-