Best POS Inventory System for Small Business

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Buyer's Guide

What is POS Inventory System for Small Business?

A POS system is an inventory management system that uses computer software to track the records and transactions in retail stores and restaurants (commonly referred to as point-of-sale). POS, which stands for point-of-service, allows businesses to manage their sales, purchases, and inventory.

Unlike spreadsheets, POS systems offer built-in business functions that simplify tracking inventory, managing cash flow, and purchasing materials.

For example, when you purchase an item from a local store in person using cash or credit card, you’re able to see what is available in stock at that moment. But what if you decide you want to order more of it online?

You need the item’s stock-keeping unit (SKU) to reflect its current availability accurately. A POS system automates this often tedious, time-consuming management procedure by recording and processing orders, sales transactions, inventory movement, and replenishment activities. When a customer makes a purchase, the POS system records the transaction.

When you buy something online but then realize you need something else at home, you use your smartphone to view your online order history and see what is in stock from the store.

Rather than track these things by hand or using separate software databases for each department or product area, POS systems report their data digitally to central locations where staff members review the information before making decisions on new orders or restocking materials.

POS Inventory System for Small Business Types

There are many different types of POS inventory systems for small business owners to choose from. Some major types include:

  • Software that’s extremely easy-to-install, straightforward to use, and inexpensive ($0 to $50 per license). These programs are mainly designed for single-store businesses that need a basic database system for inventory management. In the past decade, modern technology has made it easy and affordable for almost any business to start its inventory management system. You can use your existing cash register with free software loaded onto your computer.
  • Software that’s easy to install but requires installation and configuration by a professional ($500 to $5000 per installation). These programs are designed for larger companies with multiple locations or chain stores. They use point-of-sale terminals that can be customized for specific functions. These systems are used in warehouses, data centers, and manufacturing facilities.
  • Web-based Software as a Service (SaaS) ($2 to $30 per user, per month). These programs are similar to the cloud software reviewed above, except these applications run on third-party servers and available exclusively online via the Internet. The connections include wireless networks, private networks, or the public Internet. Some of these POS systems have a built-in customer relationship management (CRM) system, inventory management system, and/or accounting software.
  • Software that runs directly on the company’s website or mobile app ($0 to $5000 per installation). These programs are designed to integrate data from existing financial software, including QuickBooks and SAP. Large corporations often use them with sprawling international operations. Many POS systems for small businesses include a customer database, an inventory system, and/or a point-of-sale terminal that can be used to accept credit cards for in-person or online purchases.
  • Software that runs on smartphones, tablets, or other handheld devices ($0 to $5 per month). These programs are often used in the service industry, such as restaurants and car repair shops. They can be installed on mobile devices or tablet computers.

Compare POS Inventory System for Small Business

8,3
TeamPay by ADP™

TeamPay by ADP™

TeamPay by ADP™ Software for Mac, Win, Linux platforms and Cloud deployments, learn more about TeamPay by ADP™, check ...
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Platforms: Mac, Win, Linux
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10,0
Rose for Square

Rose for Square

Rose for Square Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Rose for Square, check ...
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Price: $$$$$
Platforms: Mac, Win, Linux
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5,0
Wisor

Wisor

Wisor Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Wisor, check its features, ...
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Platforms: Mac, Win, Linux
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8,2
ACR Point-of-Sale

ACR Point-of-Sale

ACR Point-of-Sale Software for Win platforms and On premise deployments, learn more about ACR Point-of-Sale , check ...
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Price: $$$$$
Platforms: Win
Deployments: On premise
Business Size:
8,0
Retail Pro

Retail Pro

Retail Pro Software for Mac, Win, Linux platforms and Cloud, On premise deployments, learn more about Retail Pro, check ...
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Price: $$$$$
Platforms: Mac, Win, Linux
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2,0
SellerVantage

SellerVantage

SellerVantage Software for Mac, Win, Linux platforms and Cloud deployments, learn more about SellerVantage, check its ...
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Platforms: Mac, Win, Linux
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Business Size:
8,9
Salon Iris

Salon Iris

Salon Iris Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Salon Iris, check its ...
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Platforms: Mac, Win, Linux
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Business Size:
9,6
SINC

SINC

SINC Software for Mac, Win, Linux platforms and Cloud deployments, learn more about SINC, check its features, pricing, ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
9,4
Powerpay

Powerpay

Powerpay Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Powerpay, check its features, ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
8,8
Cegid

Cegid

Cegid Software for Mac, Win, Linux platforms and Cloud, On premise deployments, learn more about Cegid, check its ...
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Price: $$$$$
Platforms: Mac, Win, Linux
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Business Size:
8,0
ConnectPOS

ConnectPOS

ConnectPOS Software for Mac, Win, Linux platforms and Cloud deployments, learn more about ConnectPOS, check its ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
8,5
Lightspeed Retail

Lightspeed Retail

Lightspeed Retail Software for Mac, Win platforms and Cloud, On premise deployments, learn more about Lightspeed ...
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Platforms: Mac, Win
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8,5
Vend

Vend

Vend Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Vend, check its features, pricing, ...
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Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
7,9
QuickBooks Point of Sale

QuickBooks Point of Sale

QuickBooks Point of Sale Software for Mac, Win, Linux platforms and Cloud, On premise deployments, learn more about ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud, On premise
Business Size:
10,0
Uzeli

Uzeli

Uzeli Software for Mac, Win, Linux platforms and Cloud, On premise deployments, learn more about Uzeli, check its ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud, On premise
Business Size:
8,4
Rain POS

Rain POS

Rain POS Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Rain POS, check its features, ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
9,3
Square Point of Sale

Square Point of Sale

Square Point of Sale Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Square Point of ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
7,0
ROSS

ROSS

ROSS Software for Win platforms and Cloud deployments, learn more about ROSS, check its features, pricing, read the ...
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Price: $$$$$
Platforms: Win
Deployments: Cloud
Business Size:
9,5
MyPOS Connect

MyPOS Connect

MyPOS Connect Software for Win platforms and Cloud deployments, learn more about MyPOS Connect, check its features, ...
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Price: $$$$$
Platforms: Win
Deployments: Cloud
Business Size:
10,0
ConsignmentTill

ConsignmentTill

ConsignmentTill Software for Win platforms and On premise deployments, learn more about ConsignmentTill, check its ...
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Price: $$$$$
Platforms: Win
Deployments: On premise
Business Size:
8,0
ACCEO Retail-1

ACCEO Retail-1

ACCEO Retail-1 Software for Win platforms and Cloud, On premise deployments, learn more about ACCEO Retail-1, check its ...
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Price: $$$$$
Platforms: Win
Deployments: Cloud, On premise
Business Size:
9,4
ConsignCloud

ConsignCloud

ConsignCloud Software for Mac, Win, Linux platforms and Cloud deployments, learn more about ConsignCloud, check its ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
2,0
PTechPOS

PTechPOS

PTechPOS Software for Mac, Win, Linux platforms and Cloud deployments, learn more about PTechPOS, check its features, ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
8,1
LOU

LOU

LOU Software for Mac, Win, Linux platforms and Cloud deployments, learn more about LOU, check its features, pricing, ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
9,5
RetailEdge

RetailEdge

RetailEdge Software for Win platforms and On premise deployments, learn more about RetailEdge, check its features, ...
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Price: $$$$$
Platforms: Win
Deployments: On premise
Business Size:
7,5
Revel Systems

Revel Systems

Revel Systems Software for Mac, Win, Linux platforms and Cloud, On premise deployments, learn more about Revel Systems, ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud, On premise
Business Size:
2,0
Bloomforth

Bloomforth

Bloomforth Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Bloomforth, check its ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
8,7
BerniePortal

BerniePortal

BerniePortal Software for Mac, Win, Linux platforms and Cloud deployments, learn more about BerniePortal, check its ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
7,9
MMS Wireless Retail Management Software

MMS Wireless Retail Management Software

MMS Wireless Retail Management Software Software for Mac, Win, Linux platforms and Cloud, On premise deployments, learn ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud, On premise
Business Size:
9,0
Shopify

Shopify

Shopify Software for Mac, Win, Linux platforms and Cloud deployments, learn more about Shopify, check its features, ...
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Price: $$$$$
Platforms: Mac, Win, Linux
Deployments: Cloud
Business Size:
FunGTU