A Point of Sale (POS) inventory is a comprehensive electronic system management tool that records and automates retail management systems, sales processing, and other related tasks. It also has an impact on a business's profit or purchasing patterns.
Running a profitable business requires having a dependable point of sale system. POS systems do much more than just handle payments. They can add a great deal of value to your company by assisting with personnel scheduling, inventory control, and customer brand loyalty.
POS Inventory System:
The main goal of an inventory management system is to raise the percentage of impulsive purchases and customer attrition. Handle changes in inventory, gross revenue, sales trends, personnel management, and customer relations to give us the precise business knowledge we need to expand our company.
Hardware and software components are both available for point of sale. It may consist of a payment processing system, barcode scanners, and credit card readers. The payment system is made easier by a number of features in the POS system, but there are many more.
With the help of reporting features available in modern point-of-sale systems, we can monitor pricing, market trends, product sales, margins, and buying patterns to help us make well-informed business decisions. In fact, we have access to our company's entire monthly or weekly transaction report, which is essential for the data-driven business model of today. These reports can make use of sales data to help us streamline a profitable path and improve our business operations.
Finding the ideal POS inventory for your company, considering a number of factors. We should consider the various types of POS inventory systems that different types of businesses, such as restaurants and e-commerce companies, require. It is also necessary for us to consider how much we can afford to pay for the software.
One of the greatest marketplaces for buying and selling POS scripts and components for various programming languages and frameworks is CodeCanyon.
We'll discuss CodeCanyon's top ten budgeting and POS inventory software here.
1. Ultimate inventory with POS
A responsive online application Ultimate Inventory with POS allows businesses to manage sales and stock with a simple point-of-sale system and initial billing functionality. PHP and jQuery are built into this management system. The program is prepared for a simple server installation and update procedure on a local PC. They also provide free customer service and installation.
Advanced reports, such as sales, purchase, and sales payments report, as well as loss or expense reports and stock reports, were made available by the system template for reviewing the expansion of the business. Additionally, they offer free installation and support for any problems that a client may encounter.
Key Features:
Easy POS
Purchase and sales return
Multi-language
HTTP SMS API
Multiple currencies
Multiple invoice formats
Tax & Tax Grouping
Cost - 36 dollar
Offer Price - 25 dollar
2. Acculance – Pos, Inventory, Accounting Application
Acculance is a feature-rich web application made for accounting, inventory control, and point of sale (POS). It is designed to meet the needs of small and medium-sized enterprises and organizations using Laravel and Vue.js.
Numerous useful features, including expense management, purchase management, sales management, accounting management, loan management, asset management, and payroll management, are included with the system.
Key Feature:
Individual Client Ledger
Individual Supplier Ledger
Individual Account Ledger
Email and SMS Notification
Realtime Insight & Versatile Reports
Multilingual Feature
Cost- 39 dollar
Offer Price – 19 dollar
3. Stock Manager Advance with Point of Sale Module
Stock Manager Advanced Point of Sale module is a PHP/jQuery-based web application that allows us to manage sales and inventory on-site.
Updating business stock information, making purchases, and viewing sales data from anywhere is an advanced feature of the system.
It has an integrated invoice and inventory system. The invoice system includes tax and discounts. These are extremely useful for automatically applying taxes and discounts, as well as the ability to generate an invoice from a quote.
It allows you to manage multiple warehouses with Stock Manager Advance. Also, we redesigned the POS module for better performance and user interface.
Key Features:
Simple & easy POS
Multi-warehouse inventory management
Seamless reporting simplified
CSV import & Export options
Multi-language
Stock alert
Cost: 42 dollar
4. Stocky – Pos inventory management & HRM
Stocky's point-of-sale inventory management system is one of the best, with a variety of advanced features.
This application is the most user-friendly sales and inventory management system due to its simple interface and dynamic dashboard. The system application is extremely easy to customize.
The stock system application includes every feature that a business needs to track its inventory. In addition to multilingual support, well-documented and quality code creates a quick space for the application.
Key Feature:
Easy POS & Dynamic Dashboard
Multi Language Support
Mail Notification System
Advance Products Management Features
Multiple Business Report
HRM pages
Cost- 47 dollar
5. POS – Ultimate POS system with inventory Management
POS is a modern Laravel system that facilitates order creation and product inventory management across several warehouses. It will be utilized for Multiple Warehouses and One Shop Only.
The primary prerequisite for an ideal point-of-sale system is an easy-to-use POS screen with multiple orders for printing receipts and a user-friendly interface.
Additionally, this system allows barcode scanning into the POS screen. It simply connects to the barcode scanner of the current POS system and scans the barcode to add any product as an order item to the POS screen. Every product in this system has a unique product code. It has a sophisticated reporting system that aids in providing the administrator with a system overview.
Key feature:
Easy to use POS screen
Multi-warehouse inventory management
Seamless reporting simplified
Supporting barcode scanning
Stock alert
Cost- 39 dollar
6. Ultimate POS - Best ERP, Stock Management, Point of Sale & Invoicing application
Ultimate POS is best quality stock management, invoicing and point of sale application. Its quickness is AI-Powered business reporting features which cover hidden insides of any business and discover new opportunities. So, this system really helps you to grow your business to the next level.
The system has been adding & improving continuously for 200+ releases, 1000+ features, and used by 4000+ businesses worldwide. Surely it will never cost $19, $29 or $39, this product is for those who are serious and really want to grow their business. You will find yourself a bargain when you buy Ultimate POS.
Key Features:
Multiple business & Shop
Easy POS
Multi location or Warehouse
Advance Management Software
Tax & Tax group
Business Report
Several Customization Options
Cost: 69 dollar
7. Geo POS - Point of Sale, Billing and Stock Manager Application
Geo POS is a beautifully designed Point of Sale app. The application includes numerous features such as Point of Sale, Invoicing, Quotations, Purchase Orders, Inventory Management, Customer Management, Supplier Management, Project Management, Accounts, Data & Reports, REST API, CRON JOBS, and Employee Management, all of which have distinct user roles. It allows for all types of taxes, including Exclusive, Inclusive, and GST.
The system application creates products to ensure the stability of your business. This application has no special requirements and can run with a very basic configuration. It only requires PHP 7.3 or later with MySQL, which is widely available in the current market.
Key Feature:
Easy and dynamic POS
Modern Inventory Management
Multi Language Support
Multiple stores
Unlimited Stock Manager
Multiple Report
Client Login with Different Role
Cost- 47 dollar
8. SalePro - Pos, Inventory Management System
An open source PHP script for small and large businesses, SalePro is built on the most recent version of the Laravel framework. Businesses can manage their inventory, sales, purchases, customers, invoices, payments, staff, accounting, and much more with the help of this inventory management system. All of the current POS inventory features, including stock information, purchase and sales information, will be accessible at any time and from any location.
Key Feature:
Multi-tenancy based
Free frontend CMS
Separate subdomain per user
Multiple payment gateway
Powerful add-ons
Indian GST ready
Woo-Commerce add-on for SalePro
SAAS version of SalePro
Cost- 45 dollar
In conclusion, modern POS systems offer robust reporting features that enable businesses to monitor crucial aspects such as pricing, market trends, product sales, margins, and buying patterns. Access to comprehensive transaction reports empowers companies to make informed, data-driven decisions and optimize business operations. When selecting a POS inventory system, businesses should consider their specific needs, the industry requirements, and budget constraints. Platforms like CodeCanyon provide a marketplace for diverse POS scripts and components, offering a range of budget-friendly options to cater to different businesses, including the top budgeting and POS inventory software.
