Point of Sale - What does point of sales mean?

Q: What does point of sales mean?

A point of sale (POS) is a place where a customer executes the payment for goods or services and where sales taxes may become payable. A POS transaction may occur in person or online, with receipts generated either in print or electronically. Cloud-based POS systems are becoming increasingly popular among merchants.

Answer

When a consumer pays for a product or service, sales taxes may be due at the point of sale (POS). Receipts for point-of-sale transactions can be printed or created digitally, regardless of whether the transaction takes place in person or online. More and more businesses are opting for point-of-sale systems hosted in the cloud.

Point of Sale - What does point of sales mean?

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