In this article we will review the best cash registers available today. These machines allow you to calculate and record transactions, which is why it is very common to see them in shops and businesses in general.
Cash registers consist of a drawer attached underneath the electronic equipment to store cash and, at first, their system was mechanical, but now they are electronic.
At Monedeorsmart we want to offer you all the necessary information so that you can acquire the best cash register according to your budget and needs. We will show you from the most basic equipment to the most outstanding cash registers on the market, telling you everything you need to know about these devices.
- 1 Weekly newsletter with the best personal finance tips
- 2 Summary
- 3 The Best Cash Register: Our Picks
- 4 Buying guide: What you need to know about cash registers
- 5 Purchasing criteria
- Cash registers, in addition to having the purpose of keeping the money from transactions, issue a receipt with a record for the control of both the customer and the shop.
- As they have electronic components, they can be programmed with tasks such as discounts, credits, or sales cancellations (always by pressing the appropriate key), or to make the cash register lock in case someone enters to steal and wants to open it.
- They can incorporate a scanner or code reader to check the price of the products offered by the shop where it is located.
The Best Cash Register: Our Picks
Buying guide: What you need to know about cash registers
What are cash registers and what are their benefits?
Today, cash registers can perform a wide variety of additional functions, such as credit card processing, personal check verification and inventory control. There are 2 models of cash registers: mechanical cash registers and digital cash registers.
While there is a wide variety of makes and models on the market, the price of cash registers will vary according to their specifications.
How do cash registers work?
Cash Register or Point of Sale Terminal What should you pay attention to?
Many shop owners wonder if it is necessary to have both devices or if one is enough for their business. While both provide control over transactions, each has different functions that complement the other.
|Allows to have a control of the sales that take place in the premises||They generate a record of the sales that are made with credit and debit cards|
|They generate a ticket or proof of purchase for each transaction||They provide proof of purchase for each transaction|
|They are connected to a power source and some models may have internal batteries||in addition to the power source, they are connected to the internet to communicate with the bank responsible for the POS|
|They can be programmed for other functions such as stock control or to apply discounts, among others|
Although both devices have different functions, it is advisable for retailers to purchase both devices as this way they will have a more rigorous control of their sales and profits
As with any electronic product, there is a wide variety of makes and models within the cash register market. Before you go out to buy your cash register you should take into account certain elements that will make your equipment last much longer.
- Drawer size
- Alphanumeric thermal printer
- Number of items
- PC software
- Ease of use
- The manufacturer and warranty
When purchasing a cash register you should take into consideration the size of the drawer. This will determine the amount of banknotes and coins it can hold. In addition, the drawer determines the space where the equipment will be placed.
The most advisable is to have a medium-sized drawer, as this will ensure that we have the necessary space to store the money comfortably and securely.
A small drawer is 30 CM long by 30 CM wide by 11 CM high. The medium one is 41 CM long by 42.4 CM wide and 11 CM high. Finally, the large one is 43 CM long by 44 CM wide and 11 CM high.
Alphanumeric thermal printer
Each country has specific legislation for the use of cash registers in terms of invoicing. Having a cash register that conforms to the laws of the country is vital to avoid penalties from agencies such as the tax authorities and consumer protection agencies.
To this end, cash registers must be able to clearly print tax data, the number of items purchased, the purchase tax and any discounts, if applicable.
Another point to consider is to buy equipment that can print 2 copies simultaneously, so that both the customer and the shop have a record of the purchase in case of a complaint or internal control
Number of items
Cash registers have the ability to record items with their descriptions, prices and taxes so that correct invoices can be issued. Choosing the right cash register will depend on the business you own and the number of products you want to sell.
On average, cash registers can hold at least 24 products, but there are models where more can be recorded, such as in large department stores or supermarkets.
Certain models of cash registers can be connected to a desktop or laptop computer for better control of products and prices. This also makes the work faster and easier.
For those who need a cash register, it is very convenient to check which models allow this connection. It is an additional expense, but it will be advantageous for the business in the future.
Ease of use
Having a cash register that provides a user-friendly system will be very useful when programming it. It is important that, when choosing our equipment, we see if the system is easy to understand.
It is also important to know if the manufacturer has a manual in English or if it is possible to download it from their website. This is crucial for those who are not fluent in English and need to programme their equipment. Reading a manual in your language can avoid mistakes in the future.
The manufacturer and warranty
As with any electronic device, there are multiple makes and models, and cash registers are no exception. You should know and study the manufacturer when purchasing the equipment.
We should look for quality equipment that is backed by both warranty and spare parts. And choosing a manufacturer that offers a customer service centre is very valuable for this equipment with which we are going to have a record of our sales and profits.
(Featured Image Source: Olegdudko/ 123rf.com)