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Features of Point of Sale (PoS) in Tally.ERP 9

POS or PoS is an acronym for point-of-sale. Point of Sale can be a retail outlet, a checkout counter in a shop, or any other location where a sale transaction takes place.

 

POS system is a computerized cash register which adds up the sales totals, calculates the balance  to  be returned to buyer and automatically adjusts the inventory levels to reflect the quantity sold. The  equipment required for POS to work effectively are cash registers, card readers, bar-code scanners and so on.

 

The Advantages of a Point of Sale system are :

 

  • It helps to calculate sales and manage the cash drawer.
  • It manages inventory and facilitates the barcode scanner operations.
  • It offers a flexible and simpler way of querying your inventory and sales database.
  • It helps you track product movement and the cost to push certain brands over others.
  • It tracks and records the date and time of every sale made at your point of sale.

The Salient features Point of Sale (PoS) in Tally.ERP 9 are as follows :

 

  • Generates POS Invoice with date and time of the transaction.
  • Generates POS related reports such as Cash Registers, Sales Registers and Inventory reports.
  • Ensures management of gift cards, vouchers, admissions, discounts and so on.
  • Allows multiple mode of payment for a single invoice.
  • Eases Cash and Credit/Debit transactions and tracks balances to be tendered to buyers.
  • Provides quantified tracking of sales and promotions.
  • Allows for real time updation of inventory and the option of quickly matching inventory with floor counts.
  • Helps in identifying consumer-purchasing patterns.
  • Facilitates bar-code scanning of Stock Keeping Units (SKU’s) or items.
  • Ensures multi-level security control of cash and Inventory.
  • Increases efficiency and productivity at the point of sale.

 

Tally.ERP 9’s point of sale application can search your inventory database not only on item description or SKU but also by alias name, part number, keywords and so on. Stock summary reports  can  be  used  for  viewing  group-wise,  category-wise,  godown-wise,  batch-wise  and supplier-wise details of the stock items.
 
 
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1. Features of Point of Sale (PoS) in Tally.ERP 9

 

2- Company Setup for Point of Sale in Tally.ERP9

Tally.ERP9s Point of Sale module makes it easy to streamline your retail operations by automating the ‘Check out’ process for your customers. It takes a one-time configuration in Tally.ERP 9 for POS features to be activated.

 

Illustration for POS :

Consider M/s. Shop n Save Market, a leading retail chain, which deals in grocery products.
 

3- Creating POS Voucher Type

 
4- Creating Ledgers & Stock Items
 

5- Creating ‘Purchase Invoice’ for POS Transactions

On 1-4-2016, Shop n Save Market purchased the following item.

 

Name of Item

Quantity

Rate

Amount

Olive Oil

100

125

12,500

 

 

6- Creating POS Invoice with Single Payment Mode

On 6-4-2016, Shop n Save Market sold the following item :

 

Name of Item

Quantity

Rate

Amount

Olive Oil

9

150

1,350

The customer pays Rs. 1,500 by cash.
 

7- Creating POS Invoice with Multiple Payment Mode

On 9-4-2016, Shop n Save Market sold the following item.

 

 

Name of Item

Quantity

Rate

Amount

Olive Oil

12

150

1,800

 

 

8- Creating POS Invoice using Voucher Class

On 18-4-2016, Shop n Save Market sold the following item :

 

Name of Item

Qty

Rate

VAT

Amount

Milk 500ML

10

95

12.5%

1,068.75

The customer submits Sodexo Gift Voucher worth Rs.250, pays Rs. 600 by credit card and Rs.218.75 by cash.
 

9- POS Register

POS Register provides the list of Invoices. These Vouchers are collated and listed together for a period to  give meaningful information. Each POS Invoice is further drilled down to obtain the lowest level of information.
 
 
 
Company Information @ Tally.ERP9
Group & Ledger

Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES

Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
 
Statutory & Taxation
Utilities & Others @ Tally.ERP9
Credit Limits
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
Disclaimer

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

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Tally, Tally 9, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.

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