Sale transactions affected by technology!

Technology in retail and wholesale stores Now days, Technology affected every phase so payments are also being processed by computers (cash registers) at every point of sale. More than that people are lazy to carry cash now days. Everyone prefers to use their cards even for a $1 purchase. Mostly all the business are using an electronic cash register to serve their customers fast and convenient. It is also easier for business men to keep all their track of their receivable and payable. It also reduces a labour cost and the amount of time they spend in counting that cash. I have seen in a business chain to maintain all its stores at a centralized place. For example an owner of 10-15 restaurant chain can manage all its stores’ account at one restaurant. Daily sales are easily processed by computers and easy to count all the transactions instead of adding them manually and enter in bookkeeping records. Like how much cash you had on hand, debit-credit transactions. Order making by computers is also an efficient feature. A computer aided order can prevent you to shortage of products and extra inventory on hand. It is based n your daily average sale, days coverage plus safety stock. It removes the headache of a manager to keep track of every single inventory. It is only good and possible if every sale is scanned properly and inventory is up to date. This cash register includes keyboard, screen, and printer. These types of cash register have software that charge a correct amount of tax and track the performance of each employee. We can buy different kind of software, which can help to track our sale. This cash register is also good in security system as you need password to use it.