Dispensary POS Software

Cannabis dispensaries are one of the quickest developing new industries in the nation. With more states moving towards marijuana legalization seemingly consistently, it’s a rush of retail business entrepreneurs. Many of which are inexperienced with traditional retail tasks and devices.
In this blog post, we discuss the dispensary pos software key features. Based on this post you can able to choose the best solution for your business.
Dispensary POS System Overview
While the legal cannabis business is a moderately new one, with its very own one kind of difficulties, numerous standard retail POS meet the necessities of your cannabis dispensary. So let talk see an overview of Retail POS Software.
In the retail business, POS software helps the retail owner to process the sales and used as cash register replacement.
Retail POS System business management features
  • Inventory management tools
  • Reporting and analytics
  • Employee management tools
  • Basic marketing and customer relationship management capabilities
  • Integrations with other business software for accounting, payroll systems
POS system can be used as cloud-based or locally installed.
Locally installed vs Cloud-based software
Locally installed software means POS software installed in the local system which is placed in the business place. Locally installed software has disadvantages such as
  • Expensive
  • Complex
  • Outdated
  • Proprietary Hardware
Cloud-based software
By logging the web browser you can able to access the business information which is stored on the cloud from anywhere.
Benefits of Cloud-based software
  • Affordable
  • Convenient
  • Easy to access
  • Standard Hardware
  • Availability
Key Features of Dispensary POS Software
  • Transactions
  • Reporting
  • Marketing and customer relationship management
  • Integrations
  • Payment processing
These are the key features of dispensary POS Software. In this section, we will discuss the transactions and Reporting.
Transactions
Transaction processing is one of the best components in the POS System. Some of the POS systems have tools to help business owners. Such as
  • Age verification – Tool can help to verify the customer age.
  • Purchase Limits – It is built in function to control the transactions never exceeds the quantity.
  • Seed to sale tracking – You can able to track the sale of specific cannabis strains by integrating state-specific systems.
Reporting
Reporting is one of the major reasons for choosing the POS system. POS system provides the following reports for business owners.
  • Sales Reports
  • Employee Reports
  • Inventory Reports
  • Marketing Reports
Sales Reports
You can able to track revenue based on the following metrics.
  • Revenue by-products
  • Revenue by department
  • Revenue between locations
  • Revenue across different data ranges
Employee Reports
You can able to track the employee working hours, sales performance and employee labor cost.
Inventory Reports
You can able to track the profit margins for each cannabis products, trends related to product popularity.
Marketing Reports
You can able to create optimal customer experience based on customer behavior like purchase history.
To know more about the dispensary POS software keep touch with our blog posts. Are you going to use POS software for your business? Book your software on + 65 6227 1797 / +65 6746 2613 or Email us on sales@ezaccounting.com.sg Hurry Up!!
Share Button
Tagged with: , , ,

Comments

Post a Comment

Popular posts from this blog

Need a Accounting Software For your Small Business

Image
Accounting software offers many features and tools that can help you manage your finances. It should cater to your business's needs, making it easy to accomplish routine accounting tasks. It should also help you see the big picture of how your business is performing. An ERP company that helps businesses manage their finances, notes that tailoring accounting solutions to a client's unique needs helps the client better understand its business and plan for the future.                           Many business owners we spoke with said that ease of use and timesaving features are the top two things they look for in a program. Here are some of the features accounting software should offer to help you save time and better manage your finances: Basic accounting features. Most small businesses can make do with accounting software that offers basic functions lik...
Read more

Mastery Solutions of Accounting Software

Image
Accounting software can help you save time and money, and offer you valuable insight into your business. It can help you to: simplify data entry – inputting data is fast, straightforward and only needs to be carried out once speed up processes – eg reduce delays between making a sale and generating an invoice automate reports and analysis - on profit and loss, debtors and creditors, customer accounts, inventory counts, sales, forecasting, etc automate tasks – such as calculating pay, producing payslips, automatically calculating VAT, etc reduce errors – by computerising calculations that would have historically been done manually support other functions, such as online banking and e-filing If you choose the package carefully, investing in accounting software can be one of the best decisions you can make for your business.
Read more

How To Improve Your Business With The Help Of Myob Accounting Software

Image
MYOB is a computerised accounting software  package that gives you the ability to handle your business finances like a professional. The benefits are many and once you use the program correctly you should start reaping them immediately. Additionally, using this (or another) computerised system can help you cut the cost of bookkeeping or accounting outsourcing fees. 1) Faster input: Manual entries can be more time consuming. This is especially so when you have to be creating headings or labels as you go alone. As a matter of fact, manual systems can require multiple entries per transaction and are likely to be more complex. The more complex the system the more time it will take. 2) Greater cost cutting: A computerised accounting software package like MYOB offers up-to-date, accurate and easy to access financial information. This means that audit and accounting expenses will be much less than they are likely to be with a complex manual system that only you can readily un...
Read more