The POS Software Blog

The POS Software Blog

News from Tower Systems about locally made POS software for specialty local retailers.

TagEOFY

POS software advice: It’s EOFY. A few things worth doing today.

June 30, 2026
2 Min read
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End of financial year is here. It always seems to sneak up, and then it’s a scramble. An hour today saves you a fortnight of it later.

First up though, take a moment, breathe. You made it through another financial year!

Run your stock listing. You want an accurate, properly valued picture of what’s on the shelves as at today. Your accountant will want it too, and pulling it together now is far easier than reconstructing it in August. If you’ve got time for a stocktake, even across just your bigger categories, do it.

Take a special backup. Capture your year-end position and keep that one separate from your daily backups. Our latest software does this for you, so if you’re on it, that box is ticked. Still worth a glance to confirm it ran.

Then there’s dead stock. Today is a good day to be honest about what isn’t selling. Stock that’s sat untouched for months isn’t an asset, it’s a shelf you’re paying for. Mark it down, bundle it, run a clearance, or send it back if your supplier takes returns. Shifting it helps your closing figure and gives you cash and room for the new year. Your POS reporting will tell you exactly what’s been dragging.

While you’re at it: reconcile your supplier accounts, chase up any laybys and outstanding customer accounts, and have a look at your best and worst sellers for the year so it feeds your buying. Tidy your loyalty data too. And if you can still get your accountant on the phone today, take the call now rather than after the books close.

One note. We are not accountants. Treat the tax side of this as a reason to ring yours, not advice from me.

Do the basics today and 1 July starts clean.

…

The right POS system or website for any retail business depends on the specific needs of the business. Tower offers POS software and websites made specifically for local small business retailers in a selection of retail channels. To see if we might help you…, request a free, no-obligation demo today.  

Call 1300 662 957 in Australia or 0800 444 367 in New Zealand. Or, email sales@towersystems.com.au. 

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Why we are focused on stocktake in June — and what it means for your business

June 1, 2026
3 Min read
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June 1 marks the start of our stocktake mission.

For the next 30 days, we are focused on helping local independent retailers get their stock data accurate and up to date. Not because stocktake is glamorous work — it is not — but because what comes after it matters enormously.

The AI opportunity is real, but it has a condition

Tower Systems POS software now surfaces AI-powered insights to help retailers make better decisions. Which lines to reorder. Where margin is leaking. What dead stock is quietly draining cash. Which categories are growing and which are fading.

These insights are genuinely useful. We see retailers using them to make smarter buying decisions, manage cash more carefully, and evolve their product mix with confidence.

But they depend entirely on one thing: accurate stock on hand data.

Feed the software clean data and it works hard for you. Feed it inaccurate data and the insights are unreliable — and unreliable insights can lead to poor decisions that cost real money.

June is the right moment

With EOFY on June 30, this month already prompts retailers to look closely at their numbers. We want to make the most of that momentum.

A stocktake done well in June delivers three things at once. Clean data for your end of year reporting. A clear picture of what to carry into the new financial year. And a foundation from which your software — and its AI tools — can actually do their job.

You do not have to count everything at once. Tower Systems makes it easy to count in sections — a category today, a supplier range tomorrow. Little and often is enough. By June 30 the data can be in good shape.

What we are doing to help

Throughout June we will be sharing practical guidance direct with our customers via email, in our private forum and in human contact on how to get the most from stocktake in Tower Systems — tips, reminders, and real examples from retailers who have done this and seen the difference it makes.

We are also here if you need support. Our team — based across Australia and New Zealand — is ready to help you through the process.

The retailers making the best use of their software are almost always the ones with accurate data. That is not a coincidence. It is cause and effect.

June 1 is the right day to start.

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Laugh about stocktakes

May 30, 2026
2 Min read
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As we’re heading into June, the most stocktaker tend to get done, take a moment for a laugh:

“I did a stocktake last week. Turns out I have more excuses than stock.”

“Stocktake time. The one day of the year you find out exactly how many of those have been sitting there since 2019.”

“We did the stocktake. The good news is we know exactly what we have. The bad news is we know exactly what we have.”

“Stocktake is just retail therapy in reverse. Instead of buying things you don’t need, you count things you forgot you had.”

“Asked the team to help with stocktake. Suddenly everyone had a appointment.”

Yes, they are lame, but they are the jokes we have.

Stocktaking is valuable work, serious work. get it right, and you profit. Ignore it, and you for sure lose money.

Beyond the jokes, focus on thew rock and profit!

Here at Tower Systems we can help.

The joke we like is:

We did the stocktake. The good news is we know exactly what we have. The bad news is we know exactly what we have.

Every retailer has been there. The stocktake does not lie — and that is exactly the point. Start with your highest-value categories, or the ranges you are least sure about. Count them, update Tower Systems, and run a dead stock report. What comes back might surprise you. One retailer found $20,000 worth of stock they had forgotten about. Clean data changes what you can see — and what you can act on.

June is the month. Start today. towersystems.com.au

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