Point of Service software is a system which allows the processing and recording of transactions between a company and their customers at the time in which goods or services are purchased. The beauty of a Point of Sale software, is that it makes the process so easy (and very quick sometimes) that we never even notice the complex system put in place to serve us. It typically comprises of a cash register, cash drawer, receipt printer, a customer display or a computer monitor, a bar code reader and scanner as well as a credit card reader. With the evolution of technology, most of the recent versions of Point of service software include an inventory management and even a customer relationship management system (CRM). And it gets even better, with cloud-based POS systems that automatically update all your data to cloud storage. This recent innovation seems to offer small business owners and retail store owners a solution that had previously completely eluded them, how to deal with the relevant data and how to effectively and safely store the data for future reference. Well thanks to technological advancements they no longer have to worry about that. The POS software has made all processes easy.