POS Software (POS) software helps business streamline and automate their sales processes. Most physical stores would normally feature a cash register counter at the front or a strategic point within the store. Customers would then pay for the goods and services at the counter which would facilitate the final execution of all the sales. POS Software may work with different kinds of hardware, including computers, modern cash registers, barcode scanners, and card readers among others. POS Software helps businesses simplify the sales processes by cutting down the time and amount of labor required to execute a sale. It tracks specific sales and also helps in the management of inventory. Some of the common tasks that POS software undertakes include point of sale functionalities such as shop management, barcode scanning, inventory control, general ledger, customer tracking, and the generation of sales reports. POS Software is available as either part of an in-premise system or as a cloud-based application which can even help operate an e-commerce store. They also range from custom-made systems with more intricate functionalities for the larger businesses, to smaller third-party systems commonly used by smaller retailers. A POS system is absolutely critical and every business requires one. There are various kinds of POS software available, some of which are designed for specific industries.