A POS or a Point-of-Sale system is composed of hardware and software elements that allow your business to process sales more effectively. The hardware generally includes the central computer terminal and several devices known as peripherals. Peripherals typically include barcode scanners, receipt printers, and card machines. These all connect to the central terminal, either via cables or wirelessly. The software can be customized depending on your business requirements. This is to help you with stock control and management specific to your type of business. It can be installed directly on the computer terminal or alternatively, you can set it up to sit in the cloud, allowing you to monitor and analyze sales from all your locations.