10. You have employees.
For those who have employees you're open to theft, sweet-hearting and careless mistakes. You need a point of sale system to manage your employees, enforce your policies and insure your money gets to you.
9. Pricing and Math Errors.
It is still amazing the number of restaurants still use a calculator and hand written tickets. According to studies created by various institutions you might be available to math and pricing mistakes totaling in excess of 1% of the annual volume. Inside a restaurant doing as low as $1,300 per day that might soon add up to $4,700 per year. (Less than the price of our 2-terminal Sweet Deal Package) To get rid of pricing and math errors you'll need a point of sale system.
8. Time In Attendance.
Employee payroll is one of the most overlooked and most easily managed parts of your profit and loss statement. If you have 12 employees and each of which clocks in 5 minutes early per day, that equals 1 hour each day of extra payroll. Despite minimum wage plus benefits this could soon add up to $6 - $8 per day or older $2,900 each year. This figure doesn't take into account the total man-hours it takes to compute time cards then report on the times of day worked for each employee. This really is time you could be spending elsewhere. For those who have a couple of as 5 employees you need a point of sale system.
7. Reducing Theft.
This is actually the original reason behind the invention with the check out back in the late 1800's. Even though the majority of the businesses were family owned and run there was an excuse for a money register to reduce theft. Nowadays of hiring employees to assist staff and manage your store there's even greater dependence on this kind of control. For a long time we've been aware of the tendencies of people pertaining to theft. 10% of the people wouldn't steal if giving the opportunity. Ten percent of the people are going to steal it doesn't matter what safeguards have established yourself. 80% of individuals will steal if because of the opportunity. Point of sale systems they fit set up to protect against the 80% and make it more challenging for them to steal by you.
6. Speed and services information.
There's just one thing we are able to think about that will drive customers away faster than bad food and that's slow service. Each time a customer places their order their very own internal clock is running in overdrive. Regardless how long they took to look over the menu also to get their order, once they have provided your server or cashier their order their hunger clock is speeding along faster than a follower on high! You will need a fast, reliable method of getting orders into your system. This would mean a terminal that's fast, straightforward and quick to answer the touch with the server, cashier or bar tender. The system must also distribute your order properly for the kitchen prep station or bar. Your point of sale system must also measure your speed of service and set of the method that you are going to do. Reducing the time it requires to get a customer's their food is critical and can even replace with less quality. For proof I give you some of the major fast food chains. Is popularity based on the best tasting, best dressed and best served burger or speed of service? If you wish to increase your customer service you'll need a pos system.
5. Enhanced Reporting.
Is there a use of having a computer and never benefiting from the energy? If you simply need to have a amount of cash in the drawer that sometimes matches for the quantity of sales gone over with you probably don't need an issue of sale system. However, if you'd like more information and detail to help manage your operation and make it more profitable then you need an issue of sale system. It once was that creating a good product was enough to help you get by. Now it will take much more information to be able to take on all of those other restaurants in your market that are all trying to find the identical customer you have seated within your restaurant. You need to understand the buying habits of your customers. What are they ordering? When could they be ordering it? What's your most profitable item? What percentage of it do you sell? What items on your menu usually are not selling? If you can't answer many of these questions with total confidence inside your answers you will want an item of sale system. If you hesitate to properly answer (without guessing) these questions you will need a pos system.
4. Exporting of Data with other Systems.
Even most small enterprises today involve some form of electronic accounting in position in both their operation or through an accounting service. In addition, most businesses provide an electronic payroll service or software that can cause payroll. Pos systems capture critical data for you personally then export this data in formats that automatically put this information into accounting and payroll packages, eliminating hours of tedious manual input that frequently contributes to mistakes and human error. For those who have a digital accounting or payroll service/software or perhaps in order to track the sales in Excel, you will need a point of sale system.
3. Integrated Bank cards.
If you are not currently taking bank cards as a form of payment you should start today. Don't worry the fees. Loosing business that you are suffering in today's plastic minded economy will a lot more than make amends for the fees charged. If you're currently taking charge cards through a stand-alone terminal you could be paying exorbitant fees for that terminal whenever you could be processing via your pos system. In some cases, the reduction of the terminal rental will pay for the cardboard interface in less than a year. With integrated bank card processing you might be assured that the amount of the sale will match the quantity charged about the bank card, eliminating the need to return back and match individual sales once the charge card batch does not match charge card sales. When high-speed Internet connections are employed to process bank cards we receive approvals in under 2 seconds. No longer is slower speed and services information an excuse not to take credit cards. If you wish to quickly, accurately and smoothly process charge cards you'll need a point of sale system.
2. Competitive Marketing.
a. Frequent Diner Modules. Who're your customers? What do they buy? How often can they visit? Of your frequent visitors, who was not into see you costs month? Of your frequent visitors, who has a big day coming this month? These are questions that you ought to possess the response to. Virtually all of the chains and all of your competitors need the people who arrived at your restaurant. They would like to bring them for their own reasons. How are you likely to contend with the huge amounts of dollars being spent to attract your customer away? By marketing your operation and your menu. Your point of sale system will be able to manage your customer base, maintain their buying habits, how frequently they visit, now when was their last visit along with what events they've coming. Your pos system then will be able to sort these into groups that ought to be sent mailers, coupons, invitations to special events or just told that they are appreciated and required to visit you again. When you have competition you need a point of sale system.
b. Gift cards have grown to be the norm for therefore many organisations today. A whole industry continues to be formed round the old idea of giving a paper gift certificate. Today, you'll find gift cards at most major checkout lines. A point of sale system will be able to sell, redeem and control balances for your own gift card program. Will no longer do you need a novel of certificates which are held in the safe. Today, you just need twenty pieces of blank plastic cards with your colorful logo to them. Prepaid cards carry no balance and have no cash value until sold and a balance positioned on account. Being an owner you need to have a number of prepaid cards together with you. Each of these cards might have a tiny balance to them for you to give away to pull people to your restaurant or to cave in case of an undesirable experience to aid bring someone back. Think of prepaid cards as your personal marketing strategy. Once the customer looks within their purse or wallet and sees your logo they shall be reminded ahead visit you. If you use on line or on the net you'll need a point of sale system.
1. You Don't Need Anymore 'Partners'.
Sure you'll need gift cards. You actually have to better understand your customer's buying habits. You absolutely need to get bank cards integrated with your pos system. You need enhanced reporting and export of those reports to electronic accounting and payroll services. You need to eliminate errors, reduce mistakes and keep track of your payroll. But a lot more than these you do not need anymore partners. Particularly the ones that get their portion of the profits before getting yours. We're talking about the servers, waitresses, bartenders and cashiers who:
a. Undercharge customers in order to enhance their own tips. Show a $5 tab plus a $50 tip. (Yes, I have seen this!)
b. Deliberately void or delete a product once it has been taken care of.
c. Stuff coupons into the cash drawer in exchange for cash.
d. Don't charge customers for soft beverages to improve their tips.
e. Ring up a reduced priced item (well brand) and serve a higher priced item (premium brand)
f. Give discounts to their friends.
g. Inside a buffet line, ring up a buffet and a tea. Reprint this ticket 10 times then sell and collect for their own reasons these reprinted receipts rather than ringing up clients.
If you want to remain in business, you will need a pos system.