Today @ 10:30am we are hosting a free workshop (on Zoom) for retailers that have a POS software connected website. We will discuss making the most from the opportunity, looking at SEO, SEM and other activities key to driving success with an online consumer-facing platform.

Today’s live workshop is another in our series offering free education to local small business retailers.

The Tower Systems POS software helps retailers deal with, manage and track consignment stock in their businesses.

Consignment stock is stock supplied to the shop on the basis that it is paid for when sold.

In our years of experience working with retailers across several retail channels, we have seen a variety of approaches to handling consignment stock. There is no standard, no one way that is most common. Our POS software consignment stock solutions have evolved over time, as we have seen a greater variety of situations.

We have built into our POS software several opportunities for managing consignment stock. These include options for tracking the stock when it arrives in the business, all sales and accurate reporting for reconciliation for the supplier when it comes time to settle up with them.

Thanks to our options and in-built flexibility for managing inventory, we are able to report on the sales of items provided to a shop on consignment. We have seen this be useful in a range of retail situations including, gift, jeweller, garden and collectibles.

The consignment stock management options available for use in our POS software have evolved over time and they are sure to evolve further – like you would expect from any advancing POS software that serves a range of retail settings.

The tricky thing with consignment stock is that in most settings it is not an inventory asset of the business yet you want to track its sales. It’s through our tagging, supplier settings and stock settings themselves where the software can help retailers access the level of reporting that is important to them in managing consignment stock.

Consignment stock is loved by retailers as they get to carry inventory for no capital outlay. Suppliers love consignment stock as they get to take floorspace in more retail situations as a result. The key to making this mutually beneficial relationship work is timely access to accurate data.

We don’t claim to be the best at managing consignment stock through our POS software, but we do offer several solutions.it is this flexibility that has been appreciated baby our customers, not only in this area of consignment stock but in other areas where our software has served.

Xero is the preferred accounting software solution among small business retailers. We are grateful to have been a partner with Xero for years, linking our POS software with Xero, making the connection, easy, seamless, tight and safe – reducing the cost for small business retailers, especially the cost of bookkeeping.

Using our POS software Xero link, retailers are able to rely on the live sharing of data, enabling accurate business financial reporting, and more.

Thanks to the POS software Xero integration, small business retailers can:

1. Save time. This is time in the business as well as with the accountant or bookkeeper.
2. Cut mistakes. Every keystroke you eliminate in business is a possible data mistake eliminated. The Xero POS software integration cuts keystrokes.
3. Make better business decisions. Accurate business data feeds better business decisions.
4. Reduce accounting and bookkeeping costs. All the data entry work bookkeepers and accounting professionals do can be eliminated thanks to safe and fast data flow between the POS software and Xero.
5. Drive business value. Data is revealing and this helps you extract more business value.
6. Enjoy the business more. Data entry is a grind and it can lead to mistakes. Get rid of these challenges and yours enjoyment rises for sure.
7. Immediate cashflow visibility. With no lag for data, you can see your position immediately.

What is Transferred to Xero through our POS software Xero link?

What is the best POS software for retail? This is a good and often asked question. Unfortunately, it is often asked of the wrong people.

Only you can know what good POS software for your business looks like for it is only you who truly knows and understands your needs. This is where the answer starts – with your needs for it is those that must be served if the POS software you select is to be of service to your business. So, if you are wondering What is the best POS software for retail? start with the needs.

Plenty of POS software sales people will tell you that their POS software is the best for retail. Not here at Tower Systems. we think that our POS software is good for the marketplaces in which we serve, but, only those using the software can speak to the question of whether it is the best for the need.

If you ask us, we will say let’s help you find out. We will do that by first wanting to know more about your needs. This can sound like had work, but … it is about reaching the best outcome for your retail business and that starts with your needs. We want you to find the best POS software for your retail business. We’d love to help you on what is a personal journey centred within your business needs.

Whether something is best is subjective. That’s why you won’t read of us saying our POS software is the best. What we think doesn’t matter. What you think, once you have used it, is what matters. This is also why people who have not used our software cannot comment as to whether it is the best software for a situation.

We strive to make and maintain good POS software for specialty retail situations, and to back this with timely and professional customer support. If this is seen by specialty retailers as being the best POS software for their business we are grateful. With so many long term customers, we have a sense that we are doing things right here.

What is the best POS software for retail?  We hope to explore your needs with you.

It is a thrill to see the different ways our op. shop software is able to serve different op. shop situations. From handling corporate level requirements to bringing structure to a single local small op. shop situation, our POS software made for op. shops is helping these vital community groups serve their respective communities in myriad ways.

We are grateful to have made and to serve software that serves their needs.

From presenting to committees to making training more accessible to volunteers to handling the unique pricing arrangements of goods in some op. shops, our op. shop software serves day in, day out. It is flexible, resilient and capable, bringing structure to op. shops where often there was none.

Australian op. shops are unique and loved businesses, providing valuable service to the local community and to those supported by their work. Using our specialty software for op. shops, you can expect to tap into a range of benefits, including:

1. Easy shopper loyalty.  Yes, loyalty matters in these situations. While the software offers a loyalty points system, we have found the cash-off approach in our loyalty tools works better in local retail. People understand money. A receipt showing an amount they can save on their next purchase gets, usually, at least 20% of people spending more that visit.
2. Manage inventory your way. yes, everything sold in an op. shop is inventory, to be tracked and managed. You can sell by barcode, products code, department, category within department, price point. You can sell, measure and report at the level point appropriate to your needs.
3. Easy to learn. We have found that in community enterprises easy to learn / easy to use really does matter. Volunteer turnover makes this essential. We can record training specific to your needs and make these videos available for future volunteers.
4. Secure. You can lock down parts of the software to secure them for management access only.
5. Check and balances. This software guides processes. It also provides hidden tracking so you can investigate should the need arise.
6. Club / group marketing and support. Leverage clubs and community groups with offers and pricing just for them.

Our Australian made and supported  op. shop POS software does much more than what’s on this list. See it for yourself, live and obligation free, to see if it could serve you and your business. We’d be glad to show it to all involved in the operation.

It’s been a few years since we made this video. Today, the numbers are much higher: