How To Choose: POS VS Cash Register

When it comes to choosing the right point of sale system for your business, you might be considering the debate between a POS (point of sale) system versus a traditional cash register.

Perhaps you have already decided you want a POS cash register system, but do you have the best one for your business? And do you need a modern POS system if a cash register will do?

POS VS Cash Register: The Key Differences

Cash registers may be a great choice for cash-only businesses that want a simple way to accept payments.

However, a POS system is better suited for businesses that want to accept multiple forms of payment, run in-depth reports, and launch customer loyalty programs. If you’re undecided on which is best for your business, check out the key differences between POS systems and cash registers in the table above.

Another thing to think about is mobility. A cash register is a fixed piece of equipment that stays in one place, while many POS systems offer mobile options that allow you to use tablets, smartphones, or other small devices that easily move around your business. You can learn more about mobile POS options in our guide to mPOS systems and software.

Point Of Sale VS Cash Register

If you’re unsure whether a POS system or cash register is the best choice for your business, consider the following.

Choose A POS System If You Are…

• A business that needs detailed sales, inventory, and employee reports
• A business that wants to sync multiple terminals in one or more locations
• A business that wants to track and manage inventory
• A business that wants advanced tools, including employee management, marketing, customer loyalty, and gift card programs

A POS system is a computerized system utilizing a combination of software and hardware to perform various functions beyond just ringing up a sale.

Want to learn more? Our article on the benefits of a POS system for your small business is a good place to start.

Choose A Cash Register If You Are…

• A business that wants an inexpensive and simple way to accept payments from customers
• A business that primarily accepts cash payments
• A business that wants an easy-to-use device that requires little or no training

A cash register is an electronic, non-computerized device that has one primary function — recording a sale and collecting cash. A cash register can also include a receipt printer, barcode scanner, and a cash drawer to hold money. Some of the specific features, such as product library capacity or issuing unique ID codes for your operators, may vary.

POS Cash Register Combinations

What if the right option for your business is “both”?

Most POS providers have some sort of cash register POS combination. At the very least, most offer a cash drawer, tablet, and receipt printer.

Square’s point of sale system offers hardware cash register POS kits like the Square Register Kit that comes with a Square Register, cash drawer, and receipt printer with a starter paper roll starting at $1,269 (or $62 per month with financing).

Clover’s Station Solo cash register POS kit comes with a 14″ touch screen, cash drawer, and receipt printer for $1,699 (or $125 per month for 36 months).

Some POS providers, like Lightspeed Retail, offer cash register POS kits for a custom price. You can contact Lightspeed’s customer support team to learn more about pricing for the iPad point of sale hardware kit (receipt printer, cash drawer, Bluetooth scanner, and iPad stand) or desktop hardware kit (USB receipt printer, cash drawer, and USB scanner).

Our complete guide to POS hardware can help you decide what you need for your business and what you can forgo as you build your perfect POS cash register combination.

POS VS Cash Register: Final Thoughts

If you plan to primarily accept cash payments, don’t have a lot of inventory, or have a small budget, you can certainly manage to get by with a cash register.

You won’t get the advanced sales reporting, customer reporting, or other features that you get with a POS system. The data you glean from tracking product sales can be invaluable when it comes time to plan and market, so keep in mind what you can gain from a POS.

If you plan to accept cash and credit cards, it’s worth having a POS system that can combine reporting for both cash and card sales — as well as all the other features you get with a POS system. You will incur added costs with this solution, but remember that you have options here, too.

Ready to learn more? Check out our article on the best POS systems for small businesses to continue your journey!