Point of Sale

The Point of Sale application offers support for the following transactions:

Sales

This area is used to process both sales and returns using any payment method. It can be used to invoice existing quotes and orders.

Orders

Orders are used when a customer is committing to purchase goods for either future pick up or delivery. Inventory is not reduced when items are ordered, but it is reserved (committed). Available quantities reflect the amount reserved for open orders. In some cases, orders include goods that must be ordered and received prior to sale (special orders), but orders can also contain stocked goods or a combination of both. Parts of an order may be organized into groups called "item sets."

Quotes

A quote is a list of items that a customer may or may not be committed to purchasing. They can also be used a method for providing an estimate. Quotes always create a document; however, the expiration and close-after dates can be used to limit the period that the quote and quoted pricing is promised (if at all). This is determined when processing (F12). Saved quotes may be modified, sold, converted into orders, or voided (deleted), etc. Quote and order data are very similar and are saved in the same data table. Both support the use of item sets. Quotes don't commit inventory or reduce on-hand quantities.

Rent to Own (Hire Purchase) Contract

Rent to Own, also referred to as "Hire Purchase" in the United Kingdom and other areas, gives you a way to establish a payment plan for a customer's purchase for a specific period of time. The customer makes installment payments over the term of the agreement or contract. Some portion of their payment is applied toward principal unless no financing or interest is included.

Payments

This activity is used to process the various payment types your company accepts. Payment types include: receive on account (ROA), order deposit, add to gift card, and miscellaneous payments.

Payouts

Pay out transactions handle cash payments your company makes to others (petty cash, for example). This activity also handles refunds of customer order deposits. Payouts also offers a "check cashing" feature.

Special Topics

This section provides additional topics related to Point of Sale that may be useful to you. These topics include: 

Bank Card Processing

Convenience Fees

Foreign Currency (Setup)

Gift Cards

Non-Stock Ordering

Pay When Paid Sales Tax

Rental Management

Rewards Plus

VAT/GST Management