Modern business point of sale, or POS, systems go beyond just the simple collection of money of a cash register from yesteryear ... accounts, tax/tip calculation, employee monitoring, customer ...

but typically involves providing electronic payment services to customers through a POS terminal. These services include: Cash Withdrawals: Allows customers to withdraw cash from their bank accounts.

You can even control inventory right at the cash register with point-of-sale (POS) software systems. POS software records each sale when it happens, so your inventory records are always up-to-date.