Choices. Rarely do we think of them in a negative light; after all, choices are what make us grateful, for instance, that we live in a democracy like the United States rather than North Korea. Are choices always good? It’s hard to say. We’d rather have them than not; however, studies show that when presented with too many choices humans will likely be overcome by what is now known as decision fatigue. You may ask how this relates to your restaurant or retail store. Well, if you”ve started looking for a point of sale system, you may know the feeling of decision fatigue.
So many choices, so little time
If there’s one thing that new businesses cannot afford to waste, it’s time. Time is money. Money is usually in short supply when starting a new business. When you run a Google search for the best point of sale system, the results can cause bewilderment. Can a restaurant point of sale system be used for a retail store? Should bar point of sale systems be used in restaurants too? Why do some point of sale systems offer accounting integration software while others do not? These are just a sampling of some questions you might have after running a search for point of sale systems. Thought this would be easy? You thought wrong.
What you don’t know can hurt you
Say you opt for the most inexpensive option. Decision fatigue may have gotten the upper hand here. As most wise people will tell you, you get what you pay for. For instance, opting out of accounting integration is one of the best ways to ensure that your experience with your point of sale system is an arduous one. Must you have accounting integration? No, you’re not obligated. However, without it, you render your business vulnerable to human error. The same goes for not following PCI compliance laws. While you may find it cheaper in the short term, in the long run you run the risk of incurring fees and fines for not being PCI compliant.
Other benefits to investing in a quality point of sale system with accounting integration are:
- Bank reconciliation with no incongruity between your accounting statement and your bank statement.
- The abolition or reduction of the need for redundant bookkeeping.
- Integration with CRM.
- Tracking sales trends in real time from any location, by the hour, day, or month.