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X-offs

POS SOFTWARE

Balancing a cash register

Every year, retail businesses lose billions to cash mismanagement and theft. For small business owners, implementing proper cash handling procedures is essential. One of the biggest now is handling cash properly. With multiple employees on registers, busy trading floors, and the pressure to serve customers quickly, it isn't easy to keep tight control over cash. Allowing sloppy cash procedures to creep in can quickly lead to errors, unexplained shortages, or even theft. 

This is a general problem in retail and has led to a significant problem. 

Implementing standardised cash handling protocols using your point of sale (POS) system can provide the oversight and security needed to prevent these issues. The "X-off" report reconciles each cashier's sales and cash on hand and is essential for balancing registers and tracking transactions. Retailers can transform cash management into an efficient, secure process using X-offs and other simple controls.

The Problems of Mishandling Cash

The pressure of busy retail environments often leads to rushed cash-handling procedures. When staff prioritize speed over accuracy, mistakes happen. These daily discrepancies, whether from errors or theft, steadily erode your profits. Yet, with proper cash management procedures, it is easier for small retailers to prevent mistakes and losses. 

These concerns aren't just theoretical. Recent research highlights the magnitude of the problem,, according to Griffith University report 

Co-author and Griffith Criminology Institute Professor Michael Townsley said

“We estimate crime costs Australian and New Zealand retail economies about $4.3 billion per year, and that’s a 28 per cent increase over four years from when the last similar study was conducted,” Professor Townsley said.  

“Customer theft was the largest category of retail crime making up 53 per cent of losses followed by employee theft which made up 24 per cent of losses.  

“While employee theft is less frequent than external theft incidents, each employee theft incident is typically of a much higher value.  

This shifting attitude toward workplace theft reflects a broader cultural change, making systematic cash controls more crucial than ever. Today, a person caught stealing from his employee's view is that if the employer is so stupid as to let him steal, it's the employer's fault. It was not like that in the past.

This is why you need such standardised cash drawer reports like X-off; otherwise:

> The register can quickly become unbalanced. 
> Without accountability, dishonest staff may be tempted to pocket the difference.

These issues are worse as too many shops have a lack of control over cash.

Benefits of Systematic Cash Handling Procedures

The best measure is implementing retail cash management tailored to your shop. When integrated with a modern point-of-sale system, simple procedural controls enable store owners to secure their cash flow against errors and deception.

Improved Retail Loss Prevention

Standardised cash handling procedures ensure all transactions are verifiable and recorded in the POS system. Daily X-off reports act as a balancing mechanism to reconcile cash register drawers with sales activity. This makes unexplained shortages or theft much easier to identify and resolve. Adherence to protocol also reduces miscues like walkaways or improper voids.

Better Visibility into Sales Data

With reliable X-offs, Z-outs and reporting, owners can trust the accuracy of their sales and inventory data. Detailed sales reports down to the register and cashier level provide better control.

Increased Accountability and Security

I suggest you consider adding extra tills and assigning one till per employee. Our POS system can handle many cash draws, so this is easy to do once you have it set up. Setting individual cash drawers for each employee improves accountability. Proper oversight leaves less room for error or impropriety.

More Efficient Operations and Inventory Management

Accurate sales data enables more intelligent inventory planning, waste reduction, and stock takes. Staff shifts and registers can be scheduled efficiently based on traffic patterns. Owners gain peace of mind knowing that cash flow is secured against leakage.

Cash register reconciliation protocol (X-off report)

Now that we have covered the critical importance of cash management let's examine how X-offs help retail businesses balance registers and lock down their cash-handling procedures.

What is an X-off?

An X-off is an end-of-shift report that provides a snapshot of the cashier's sales activity and cash at any time. At the minimum run at the end of each shift, X-offs reconcile the physical cash and receipts in the drawer with what is recorded in the POS system. This balancing mechanism ensures proper cash controls in a busy retail environment.

Balancing registers

For each cashier, the X-off prints a detailed report of their:

  • Register log in time
  • Sales totals are divided by payment type (cash, check, card, etc.)
  • Voids and returns
  • Expected cash that should be in the drawer to cover sales
  • Actual counted cash and any over/short

By comparing the system sales data to the physical cash counted, the X-off identifies any variances that could indicate errors or theft for that cashier's shift. Used daily, X-offs make unexplained shortages quickly apparent rather than accumulating hidden losses over time.

Running X-offs on a Modern POS

1. Assign Register Access

Sets up employee passwords to log into assigned registers in the POS, creating accountability for each cashier's transactions.

2. Set Up Cash Drawer Floats

Every cashier logs in with a starting float at the start of each shift.

3. Print X-off at the End of the Shift

Go to the End of the Day in the cash register to run an X-off.

 

Select on the end-of-day page.

Choose the X-off option below the EOD option marked in green.

Notice that the report's period will default to when the staff member assigned to the register started and the current time.

Now run.

4. Improved accountability

The cashier manually counts the cash in their drawer and then compares the X-off totals to the receipt count. Any discrepancies require an explanation.

Surprise Cash Drawer Counts

In addition to X-offs, managers commonly do periodic surprise X-offs of register drawers. 

How to implement X-off Procedures for Maximum Security

An X-off report is critical for maintaining cash control in retail environments. It provides a detailed snapshot of cash-handling activities during a shift, enabling precise reconciliation and accountability.

Understanding X-off Reports

An X-off report captures:

  • Register login time
  • Sales totals by payment type
  • Void and return documentation
  • Expected cash drawer balance
  • Actual counted cash and any discrepancies

System Requirements

To implement effective X-off procedures, ensure your POS system supports:

  • Multi-user authentication
  • Individual cash drawer tracking
  • Real-time transaction monitoring
  • Automated report generation
  • Secure data storage and backup

Step-by-Step Implementation

  1. User Authentication Setup

    • Configure unique login credentials for each staff member
    • Assign appropriate access levels to ensure security
  2. Cash Drawer Configuration

    • Establish standardised float amounts for shift starts
    • Set up automated alerts for cash levels exceeding thresholds
  3. X-off Report Scheduling

    • Configure automated X-off generation at shift changes
    • Implement random security checks throughout the day
  4. End-of-Shift Procedure

    • Navigate to the End of Day menu in the POS system
    • Select the X-off option below the EOD option
    • Verify the correct period is selected
    • Generate and print the report
  5. Reconciliation Process

    • The cashier manually counts drawer contents
    • Compare physical count to X-off report totals
    • Document and explain any discrepancies immediately

Security Protocols

Enhance your X-off procedures with additional security measures:

  • Implement surprise cash drawer audits
  • Integrate CCTV monitoring with POS transactions
  • Establish clear escalation procedures for discrepancies
  • Regularly update and review cash handling policies

Troubleshooting Guide

Common issues and solutions:

  • System Connectivity: Maintain offline procedures as backup
  • Discrepancy Resolution: Document all variances immediately
  • Staff Training: Conduct regular refresher sessions
  • Technical Support: Establish clear escalation protocols

By implementing these comprehensive X-off procedures, retailers can significantly enhance their cash management security, reduce losses, and improve operational efficiency.

Cash management

> Do not be complacent about cash control

> Implementing a few simple procedures can have a substantial financial impact.

> Ready to protect your profits? Schedule a free consultation to discover how our POS system can strengthen cash controls and prevent losses. Call us or click here to get started.

Cut off dates for Christmas by Australia Post

POS SOFTWARE

Australia Post

 

​As retailers, we're heading into our busiest and most profitable time of the year. With deliveries growing, managing delivery expectations is crucial for customer satisfaction and repeat business. Let me share some practical advice on handling your Christmas shipping schedule.

Choose the Right Service Level

Considering what happened last year, Express Post is your best mate for last-minute orders. It offers next-business-day delivery to 80% of Australian addresses. While it costs more than standard delivery, the tracking capabilities and faster delivery times make it worth every cent during the Christmas rush. Plus, you get verification from Australia Post that it was delivered.

Setting Your Store's Cut-off Dates

Remember, these dates below provide a guideline rather than guarantees. The earlier you send your parcels, the better their chance of arriving before Christmas. Consider offering Express Post as a premium option for last-minute shoppers who need faster delivery guaranteed.

 

Australia Post Christmas lodgement dates are here.  One point is these date are for items that are delivered by 2:30pm at an Australian Post outlet.

Domestic Deliveries

I recommend setting your store's order cut-off dates at least 2-3 days before Australia Post's deadlines:

  • Regular parcels: Set your cut-off to December 17
  • Express orders: Final orders by December 20
  • Interstate letters/cards: Cut-off December 11

International Shipments

New Zealand: 5 December 2024

United States and Canada: 11 December 2024

United Kingdom: 6 December 2024

Practical Tips for Smooth Operations

-Packaging and Processing Tips Address Verification Essentials Proper addressing might seem basic, but it's crucial for timely deliveries. Include:

Unit/apartment numbers

Complete street address

Suburb and postcode

Trust me, no one will complain if you put too much detail.

Order Processing

  • Dedicate specific times each day for packing orders
  • Print shipping labels in batches
  • Use your POS to generate packing slips automatically

Communication Strategies

Clear Messaging Display shipping cut-off dates:

  • On your website homepage
  • At checkout
  • To confirm emails
  • In-store signage

Customer Updates Use your POS system to:

  • Send shipping notifications to your customer when you sent it and the expected delivery date
  • Include tracking information
  • Alert customers about potential delays

Preparing Your Team

  • Understand and communicate delivery timeframes
  • Handle shipping enquiries confidently
  • Process orders efficiently using your POS system

Looking After Regional Customers

If you're serving customers in WA NT, or regional areas:

  • Add extra processing days
  • Consider express shipping options
  • Be upfront about extended delivery times

Last-Minute Solutions

For those inevitable last-minute shoppers:

  • Offer click-and-collect until December 24
  • Provide gift cards as a backup option
  • Consider local courier services for nearby customers, maybe deliver it yourself.

Remember, while Australia Post has announced their cut-off dates, we retailers must work backwards from these dates.

Planning and using your POS system effectively can turn the Christmas rush into an opportunity.

 

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Setting your priorities right … P0, P1, P2, …

POS SOFTWARE

Prioritize tasks

 

In business or life, we face many tasks that demand our time and attention. Managing inventory, handling customer service, marketing your products, keeping the books—the list goes on and on. With so many responsibilities, how do you decide what to focus on and when? The most popular and best method I have found is prioritization, which is now in your Pos Software.

I will discuss how it works and how it can benefit your retail operation.

Overview of the P0-P4 Framework

Tasks are listed; they can be on paper or in your diary, but nowadays, most people use some software. I find Google Calendar practical, which is free. However, now I will explain the concept as it used to be done on paper, as most of you can relate to it easily. 

Now, you list your tasks and assign them for each event on the day you think you will work on them so you have a list for each task.  If a task will take a few days, best you break it up into small tasks that can be done in a few hours or less. 

I recommend that you use the following notation, for each of these tasks is assigned a number from 0 to 4 based on priority:

  • P0. Your Mum is dying, the kids are in trouble, a guy just had a heart attack in the shop, and nothing else matters. This P0 block everything else and stops all thought of scheduling. 
  • P1. The system is down and is needed now
  • P2. Some important function needed now is not working, but we can operate
  • P3. Some important function is required soon, but it can wait
  • P4. A non-urgent question that can wait.

This is how it would look on paper: a person goes through the list, prioritises each task and ticks off what they have done.

Task prioritization

The general rule is to complete P0 tasks first, then proceed sequentially to P4 tasks as time allows.

This creates an organised method for tackling your most crucial work first. Now, keep reading to see how P0-P4 can make order amid the chaos of retail management.

P0 - Crises Requiring Immediate Action

P0 designates emergency tasks that demand your urgent attention. In retail, P0 situations don't come up daily, but quick action is essential when they do.

Examples of potential P0 crises:

  • Your point of sale system crashes during peak business hours
  • A pipe bursts and floods your store
  • Mum is sick, and you need to run to the hospital

These crises require you to stop everything and address the situation. You cannot waste a minute. 

Luckily, these events are rare.

P1 - High-Priority Goals 

These are important tasks that require your primary focus. Often, they are very important tasks or tasks that have a closing date that is near.

Daily P1 priorities for a retailer may include:

  • Handling a customer now with an issue and complaint
  • Last day to order stock for the holiday season
  • Balancing the till at the end of the day
  • Managing tomorrow's staff schedules

These P1 tasks keep your store operating smoothly. Make time for them before tackling less vital work. Use your point-of-sale system's inventory and reporting tools to stay on top of P1 retail tasks.

P2 - Important but Less Time-Sensitive Tasks

P2 tasks are still integral to your business but aren't as immediate as P1 items. You have some leeway in when you complete them.

Retail P2 tasks could include:

  • Updating store displays and signage
  • Planning for holidays or seasonal inventory
  • Collecting stock for return to a supplier.

Focus on these P2 priorities after handling urgent P0 and P1 tasks. Use your POS system to collect data over time that aids P2 analysis and planning.

P3 - Tasks That Can Wait

P3 contains helpful and non-urgent tasks.

P3 retail tasks may include:

  • Filing old inventory paperwork
  • Rearranging the shelves
  • Analysis POS reports 

Do these when you have time after higher-priority tasks. Avoid letting less important P3 work distract you from critical P0-P2 activities.

P4 - Nice Extras If You Have Time

P4 holds optional tasks that are beneficial but not truly necessary right now. Only tackle these if all other work is complete.

Retail examples include:

  • Learning more about your computer system
  • Cleaning the warehouse in the back
  • Researching new products

These extras can wait until everything else is done. Don't let non-essential P4 work detract from important tasks.

Benefits of P0-P4 Prioritization

Consistently using P0-P4 classification to prioritize your retail workload offers many upsides:

Increased Focus - Provides structure so you know what requires attention now versus later. It prevents you from getting overwhelmed.

Higher Productivity - Helps ensure you complete urgent critical work first. It avoids wasting time on less relevant tasks.

Reduced Stress - Gives confidence that you're focusing where needed most. Minimizes anxiety. I find myself often worrying about remembering my tasks now; putting it in a systematic order calms me down.

Time Savings - Enables getting the right things done faster. I know what I have to do each day.

Orderly Operations - Keeps your business running smoothly by tackling the most pressing issues first. It avoids problems from neglected tasks piling up.

Better Decisions - Clarifies priorities so you can make intelligent choices on time allocation and task delegation. Enables data-driven analysis of what matters most.

The overall impact is optimizing your productivity and performance. Your business operates better when consistently completing P0-P2 tasks before less vital work.

Implementing P0-P4 Prioritization with paper

Putting P0-P4 into practice takes some upfront planning, but soon it becomes second nature. Follow these steps to apply it:

1. Review your tasks - Make a master list of your current to-do.

2. Classify using P0-P4 - Review each task and assign a priority level based on importance and urgency.

3. Schedule time - Allocate time on your calendar to match the prioritized order.

4. Execute and revisit - Work through tasks starting with P0 and adjust as needed if new urgent tasks emerge.

Don't let the labelling Classify using P0-P4 overwhelm you; it rarely matters if you muck it up in practice. Use a combination of urgent, work time and essential. It produces a p0-p8 category. Look at each task for today, and then set 

Urgent tasks: Are the tasks urgent, or can they wait? Urgent tasks cannot be pushed back. As a rule, if not done on time, you cannot do the task.

Important: If they are more important, I will do them first.

Where I disagree with many people, e.g. the Eisenhower matrix, is I believe that Urgent and Important are distinct 

For example

1) The news TV show is happening at 6 pm today. If you miss the deadline, no point switching on the TV at 6:20 pm.  Yet if you miss it, it's not the end of the world. You can always catch up on the news later. So I would mark this as Urgent and Unimportant. Catching up on the news is now a new task that is NOT Urgent (P8) and Unimportant

2) Picking up my kid from school at 3:30 pm today is Urgent and Important. If my kid has an after-school activity she is happy to do until I come, the task may NOT be Urgent (P8) but its still Important.

Workload/Duration: Will it take a lot of time? I give preference to those that I can do quickly. Ideally, I want to get as many tasks off my lists ASAP so Small gets preference. The other plus of doing the Small tasks is that it boosts your ego that you have done something today.

If I have only a little time spare, I will often go through the list for tomorrow, look at the small items, and do these tasks depending on how Urgent and Important they are.

This ordering works for me. 

The Drawbacks of Paper-Based Prioritization

Now, many retailers use a paper planner, notebook, or simple to-do list to organize their workload. While better than no system at all, this paper-based approach has problems:

This P0-P4 framework, which, as you have possibly noticed, is actually a p0-p8 system, provides an excellent structure for prioritizing your tasks and responsibilities. However, managing your master list on paper has some practical challenges.

Repetitive Tasks Are a Hassle

Around 40% of your tasks are typically recurring, like daily register balancing, weekly inventory checks, and monthly rental payments. Having to manually rewrite these repetitive tasks constantly is inefficient and risks forgetting tasks. It is easy to forget, hey, on the 15th I was supposed to send the rent money.

Tasks that cannot be done

Often, you have to do a task and suddenly discover that it cannot be done through no fault of your own, e.g., you are waiting for someone else to do something. In which case, how do you reschedule it? It is now in limbo.

No Visibility of Outstanding Work

Paper lists only show one day at a time. What will happen on a future date is unknown. There is no way of telling that next Thursday, for example, you are going to be flat out.

Messy

With a paper system, tasks get crossed off, rescheduled, and shuffled around. This obscuring what you need to focus on today and making your diary look unprofessional is not good. 

No Progress Tracking

Paper alone cannot analyze time spent on tasks, spot workflow patterns, or identify recurring time-wasters. Missing this data limits your ability to improve your operations.

Pain to Share Priorities

A paper list in the back is useless for communicating priorities to others.

Paper gets lost or left at home.

It is all too typical to work everything out on paper, know precisely what must be done and then suddenly discover you have lost or left that paper somewhere and cannot access it when needed.

I recommend using software, but this post is getting too long for a blog. Stay tuned for my next post in a few days on how I recommend you handle and do this.

 

FAQ

What are Priority Levels?

Priority levels is a system for categorizing tasks or issues based on their importance and urgency. They help you focus on the most critical work and manage your resources effectively.

What is the P0-P1-P2-P3-P4 Priority System

This is a standard priority system most commonly used.

  1. P0 (Critical): These are the highest priority tasks that require immediate attention. They are often described as "drop everything" issues. 

  2. P1 (High): These are urgent and essential tasks but not as critical as P0. They must be addressed quickly to prevent significant disruption.

  3. P2 (Medium): These tasks are necessary but not immediately urgent. They often contribute to long-term goals.

  4. P3 (Low): These tasks are neither urgent nor highly important. They should be done but can be scheduled for later.

  5. P4 (Lowest): These tasks have minimal impact

What is the Priority Rating Scale 1-5?

I do not recommend it. ome organizations use a 1-5 scale, where 1 is the highest priority and 5 is the lowest, instead of 0 to 4.

What is the importance of Prioritization?

Prioritization is crucial for several reasons:

  1. Resource Management: It helps allocate resources effectively to the most critical tasks.
  2. Stakeholder Alignment: It ensures that work aligns with business goals and objectives.
  3. Customer Value: It keeps teams focused on the most valuable tasks.

Implementing Priority Levels

To effectively use priority levels:

  1. Define Clear Criteria: Establish guidelines for each priority level.
  2. Regular Review: Continuously assess and adjust priorities as needed.
  3. Customize for Your Industry: Adapt the priority system to your specific needs.
  4. Use Prioritization Frameworks: Consider using frameworks like the Value vs. Effort matrix or Value vs. Urgency to help determine priorities.

Consistency is critical to effective prioritisation. Regularly reviewing and adjusting priorities ensures that you remain focused on the most essential tasks.

Comments

The task tracking in my software is all right, but where it really falls short is reporting. It's difficult to figure out where I can make things more efficient without a lot of work. What I really want is something that lets me track how much time I spend on specific tasks over long periods, like the past year. Having detailed time logs would allow me to analyze trends in where my time goes. It might help uncover ways to cut down on unnecessary work!

I also think it's important to track dependencies between tasks. Most of the project management software I've tried doesn't handle this well. However, being able to see which tasks rely on others would give me more context when looking at delays or bottlenecks. With better reporting functions, I believe I could start identifying hidden patterns and inefficiencies. That kind of data-driven insight is key for continuous process improvement. Maybe there are steps I could rearrange or redundant work I could eliminate to save time and effort down the road.

It would involve having to enter more; for example, when you mark a project done, you need to add a cost and time figure. I would use it if available.

My main problem is that some tasks cannot be started until another task is done. Let's say I timetable a project, and then something goes wrong; it means I have to rethink how to do my project. It should allow us to schedule one hour, day, week, etc, after this task is done.

This leads me to when you use projects; my pet hate  in DOIST was I had a project [make a report on XYZ]

- a task in the project was {print report}

- The next task was {to submit report)

- then the next task is to send {Lenny a copy}

Without thinking it through, once I submitted the report, I deleted the project as it was done the report and submitted and discovered later that the task {Lenny a copy}  was gone. Lenny never got a copy as a result. It should never have allowed me to delete the project as it had undone tasks in it.

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Melbourne Grand final day

POS SOFTWARE

Grand_final.jpg

 

Now, in Victoria, it's a time when the place buzzes with the AFL Grand Final in Melbourne.

To Open or Not to Open?

The problem is that it's a public holiday, and it costs if you have staff on that day. So, as the day approaches, retailers are asking themselves whether to open.

But here's the problem if they decide to open: do your customers know you are open on AFL Final Melbourne?

The Customer Confusion Challenge

Last year, one of our clients decided to open their shop on Grand Final Day, but they saw very few customers. They think it was because many customers assumed we'd be closed.

Let them know

Spread the word: For example, plaster a "Yes, we're open!" sign on the shop front.

If you have a Facebook account for the shop, let them know there.

If you can put something in front of the shop to show you are open so people can see it.

Final Thoughts

Your customers can only buy from you if they come, even if you are open.

Do it now as you do not have a lot of time.

 

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Why it is best to run a POS System as isolated as possible

POS SOFTWARE

POS System bakery


 ​

At POS Solutions, we have seen firsthand the critical importance of isolating your POS system. Drawing from my experiences and industry knowledge, let me share why this approach is crucial for retailers.

The Risks of an Interconnected POS System

In today's digital age, it's tempting to connect everything. However, isolation is crucial to your POS system. Here's why:

Unauthorised Access 

Its a real threat, I'll never forget our case with a café using our system. A staff member's boyfriend added an email processor to the POS, causing the entire system to crash.  A little knowledge can be dangerous. It was a nightmare to fix, all because of a tiny unauthorised change. This incident hammered home the importance of limiting access to your POS system.

Cyber Threats 

The are real, if I was to make a bet with you that this week one of our clients will have a real malware or cyber threat, I am sure I will win. These are constantly evolving. An isolated POS system is more challenging for people to infiltrate. By keeping your system separate as much from authorised access, you significantly reduce the risk of falling victim to these threats.

Data Corruption and Theft

Your POS system protects your lifeblood by holding crucial business data and sensitive customer information. Data corruption or theft can be devastating for a retailer. Worse unauthorised use of your point-of-sale information can get you in serious legal trouble. An isolated system provides an extra layer of protection against these risks.

Benefits of Running an Isolated POS System

Now, let's look at the positive side of keeping your POS system isolated:

Enhanced Security

Limiting connections reduces potential entry points for cyber attacks.

Improved Performance

Fewer external processes mean your computer runs less so it runs smoother and faster.

Simplified Troubleshooting

When issues arise, it's easier to pinpoint the problem in an isolated system.

Compliance

Many industry standards today strongly recommend isolated POS systems.

How to Isolate Your POS System

Here are some practical steps to isolate your POS system:

Dedicated Network

Set up a separate network just for your POS use.

Limited Access

Only authorised people can access your POS System. Inform your staff not to let anyone access your POS system without management permission.

A Word on Staff Needs

You might worry about staff needing internet access. Here's a simple solution: Set up a separate Wi-Fi channel for your staff and the public. Modem today can do this. This way, your team can check their emails or browse the web without putting your POS system at risk.

The Bottom Line

While isolating your POS system requires some extra work, it's worth it. Your business will benefit from security, stability, and happy customers!

 

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Your KPI, Labour Costs in Your Shop

POS SOFTWARE

Labour costs in a shop

This is one of the most used KPIs is labour cost with our restaurant clients yet it can be used for any modern business. In my years of experience working with point-of-sale systems, I've seen many retail shops firsthand how proper labour cost management can make or break a small business. 

Labour costs

The labour costs encompass all expenses related to your employees. This includes:

  • Wages and salaries
  • Overtime pay
  • Superannuation contributions
  • Payroll taxes if applicable
  • Employee benefits 
  • Paid time off (holidays and sick leave)

You probably have this figure in our profit and loss accountant, which the accountant prepared for you for the ATO. So, these calculations should only take you a few minutes to complete.

Revenue-based Labour Cost KPI

The labour cost ratio is a critical metric that measures the proportion of your revenue spent on labour expenses. It's calculated using this formula:

Labour Cost Ratio = (Total labour cost / Total revenue) x 100

If your shop's total labour costs for the year were $100,000. If your revenue is $500,000, then your labour cost ratio would be:

($100,000 yearly labour costs/ $500,000 yearly revenue) x 100 = 20%

So here it means you're spending 20% of your yearly revenue on labour costs.

Time-Based Labour Hour KPI

Although not part of the typical Labour Cost KPI, I suggest calculating it by week.

Labour cost a week = (Total labour cost / Number of weeks) 

If, for example, using the above, we say it is open 52 weeks a year

Labour cost a week = ($100,000 yearly labour costs/ 52 weeks )  = $1923 a week we need for labour costs in a typical week.

Why the Labour Cost Ratio Matters

Understanding your labour cost ratio is crucial because it:

  1. It helps you evaluate how efficiently you're using your staff
  2. Shows the impact of labour costs on your overall profitability
  3. Allows you to compare your performance with industry benchmarks

Industry Benchmarks

In the retail industry, labour cost ratios typically range from 15% to 20%. However, because all shops are unique, they have different benchmarks. It's essential to research specific benchmarks for a shop similar to yours in your area. Many labour costs by industry are listed here, unfortunately not all, so what people often do is look for some industries that are close to theirs and see what those industries offer.

Tips to Optimise Labour Costs

Based on my experience working with various retailers, here are some effective strategies to manage your labour costs:

Use a Modern POS System

Your point of sale system has plenty of items that can do tasks that use labour, e.g. AI stock ordering management features. Use it to monitor your labour costs:

  • It can also do rostering, allowing you to track your employee hours accurately
  • Generate reports labour
  • Allow you to forecast your staffing needs based on historical sales data
  • Identify peak hours and adjust staffing accordingly
  • Reduce overstaffing during slow periods

Employee Management

For example teaching your staff multiple skills, you can reduce the need for specialised roles to create a more flexible workforce. If you can reduce the need for someone extra to come to do a task, well that is a saving.

Monitor and Adjust Regularly

Keep a close eye on your labour cost ratio and adjust as needed. If it's creeping up, look for ways to increase efficiency or reduce costs.

Conclusion

Are you ready to take control of your labour costs? Start by calculating your current labour cost ratio and see where you stand. With the right strategies and tools, you can master labour costs and set your shop up for long-term success.

 

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End of Day Options

POS SOFTWARE

Implementing effective end-of-day POS procedures is crucial for retail business owners to maintain accurate financial records and improve operational efficiency. I will walk you through some end-of-day options, helping you gain valuable insights from your daily sales reporting.

Computerised End of Day Options

End-of-Day POS Procedures

I highlighted those I set up if I am setting up a typical POS system.

  1. Print: You need to print and store it in case you are audited. 
  2. Customer Breakdown: Analyse customer transactions to identify trends
  3. Dissection Breakup: Review sales by product categories to understand top-performing items.
  4. Hourly Breakup: This allows you to examine sales patterns throughout the day.
  5. Payment Type Breakup: Track various payment methods. They can be cross-audited if you require a check on many of these payment types.
  6. Register Breakup: Compare performance across multiple points of sale. I find this useful to know.
  7. Payout: Record any cash paid out for expenses or refunds.
  8. Show Graphs: Visualize data for quick insights and trend spotting. Experienced retailers, after a while, drop this option.

FAQ

Q: How long does a typical end-of-day process take? 
A: With our efficient POS system, the process should take 10 to 15 minutes, it can go up astronomically if something goes wrong.

Q: Can I automate any part of the end-of-day procedures? 
A: Yes, but I do not recommend it. The closer you are to the event, the better you can investigate if something is wrong.

Q: How often should I perform these procedures? 
A: Every day

Q: What if my cash drawer doesn't balance? 
A: Investigate discrepancies immediately. Check for misplaced receipts, incorrect change is given, or potential theft.
 

By mastering your end-of-day procedures, you'll gain better control over your retail operations, improve financial accuracy, and make more informed business decisions. Remember, efficient POS system closing is not just about balancing the cash drawer – it's about leveraging data to drive your small business forward.

 

 

Picking a Large Print Keyboard for people with Low Vision

POS SOFTWARE

Have you ever watched someone squint and struggle to read a keyboard? It happens for many with low vision; using a standard keyboard can be difficult. But here's the kicker: the right large print keyboard can transform a daily challenge into a seamless experience.

Here is a game-changer for those with low vision. Whether you’re a retailer seeking a point-of-sale upgrade or advocating workplace inclusivity, our guide unveils the magic behind these keyboards.

Why Large Print Keyboards Matter in Retail

For brick-and-mortar shops, low-vision accessibility is crucial. Large print keyboards are a vital assistive technology for retailers, ensuring all staff can use your point of sale system effectively. These keyboards are a critical component of POS system accessibility, offering:

  • Improved readability
  • Increased typing accuracy
  • Greater independence for users
  • Reduced frustration and eye strain

By implementing visual impairment solutions like large print keyboards, you're helping your staff and creating a more inclusive retail technology environment that can boost productivity and morale.

Key Features of Ergonomic Keyboards for Low Vision

1. High Contrast Colours

Visibility is everything. The best large print keyboards offer:

  • Light letters on dark keys
  • Yellow on black (a top choice among users)
  • A clear distinction between keys and characters

2. Durable Lettering

Quality keyboards should have letters that don't wear off quickly, lasting about two years with regular use.

3. Clear and Bold Typography

  • Large, easy-to-read characters
  • Bold, straightforward fonts
  • Easily visible from the user's typical position

4. Key Size and Shape

  • Larger keys help prevent missed keystrokes
  • Consider the balance between size and overall usability

5. Build Quality

For a busy shop environment, choose:

  • Sturdy construction
  • Durable materials
  • Water-resistant design to protect against spills

How to Choose an Accessible Keyboard for a Retail Environment

Selecting the right large print keyboard for your accessible point-of-sale system involves several considerations:

  1. Assess Your Needs: Determine the specific visual challenges your staff face. Do they need larger keys, higher contrast, or both?

  2. Consider Your POS System: Ensure the keyboard is compatible with your existing POS software and hardware.

  3. Test Before You Buy: Have your staff try different models if possible, as just because you think it looks good does not mean that they do.

  4. Think About Layout: Australian standard layouts are crucial for efficiency and familiarity.

  5. Evaluate Durability: Retail environments can be harsh on equipment. Look for keyboards built to withstand frequent use.

  6. Check for Additional Features: Some keyboards offer programmable keys or integrated pointing devices, which can be helpful in a retail setting.

  7. Budget: Check prices first; some of these keyboards, I think, are rip-offs. 

When it comes to large print keyboards for people with low vision, the choice of colour can significantly impact visibility. Here are some options to consider:

  1. Black on White: This classic combination provides high contrast and is generally easy to read. It is possibly the most popular combination for people with low vision, but it is not my favourite choice.

  2. Yellow on Black: This is the one I recommend you look at. In my experience, the yellow text on a black background helps with its high contrast to enhance visibility for those with vision impairments.

  3. White on Black: This would be my second choice, as white letters on a black background are now widely used, making it something most people are used to. So making it a better choice for shared keyboards.

The costs are about the same, and you should be able to get something decent for $25 to $40. 

Conclusion

Large Print Keyboard Color Combinations Effectiveness

Remember, implementing inclusive retail technology like large print keyboards isn't just about accessibility – it's about creating a work environment where your staff can work.

Have you used a large print keyboard in your shop, please let me know your experience!

 

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If you Implement Computer Power Savings you must be Careful!

POS SOFTWARE

Power savings on computers

Reducing energy consumption is a smart, money-saving tactic but can backfire if not thoughtfully implemented.

Recently, The National Lotteries Newsagents Association provided tips to members for saving electricity here, which included implementing smart power settings for computers.

"25. Implement smart power management for PCs

‍Use power management settings to ensure computers enter standby mode when not in use, minimising energy wastage."

Unfortunately, before releasing this information sheet, they did not tell us, and we only found out when our users started ringing us up on how to do this. What worries us is those who did not ring us up, as while savings are possible, improperly configured power management could cause problems if this is done.

If you are going to do this, consider this before enabling power-saving policies on your computers:

Firstly, power savings can reduce the speed of your computers by slowing down the computer; slowing down saves power.

Workflow Disruptions

Computers entering standby automatically when briefly unused may prevent staff from resuming work. This can lead to:

  • Loss of unsaved data
  • Frustrated employees if unexpected logout occurs
  • Slower customer service

All people working on your computers need to be trained on how to handle computers on standby.

System Availability Issues

POS systems often rely on constant uptime of services like:

  • Backend servers for uninterrupted data access
  • Automatic backups
  • Print servers for receipts
  • Computer updates

Frequent sleep disruptions on these devices may cause problems with this.

Application Interruption Risks

Unlike standard shutdown procedures, power management settings may force applications to close before finishing tasks. This could result in data loss or file corruption. Most of your software does not have autosave features; if so, it will cause problems. Sometimes people who run software with autosave, turn it off as it runs slower and is unnecessary. 

Remote Access Limitations

One of the excellent features of our software is that it allows you to log in anywhere in the world at any time; if this is not done, you will lose this ability.

Recommendations

Please consult us first to avoid issues. 

Before deployment, thoroughly test power settings and roll out gradually to catch any issues early.

With careful implementation, you will find that your electricity usage will be reduced without negatively impacting operations.

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How to manage unlimited bank accounts in your POS software.

POS SOFTWARE

Operating a retail business in Australia these days often means juggling between many bank accounts. With the big banks making it difficult for small businesses to get the services they used to give, many owners find themselves splitting finances between two, three, or even more banks. In each bank, they tend to have many different accounts.

The key is having a point of sale (POS) system that can handle as many bank accounts as you require. With the right software, managing multiple accounts is a breeze.

How to Set Up Accounts in Your POS

Adding a new bank account to your POS system is quick and easy:

  1. Go to the main menu and select "Bank Accounts"
  2. Click the green "+ Add" button
  3. Enter your account details like name, BSB, and account number
  4. Repeat for each additional account

That's all there is to it! The POS stores these securely and allows you to access any linked account on demand. With the ability to add unlimited accounts and switch between them at will, your POS software makes managing your business banking easier. You get complete flexibility to structure finances across institutions in the way that best benefits your business. That means more options, better rates, and easier accounting in the long run.

 

 

 

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Why use your stock companion report?

POS SOFTWARE

Running a successful retail business means ensuring every product on your shelves earns its keep. This is not easy. You know the items are ringing up the most sales. What is more challenging is to see if the slow sellers are boosting revenue by selling other products. This is where your point of sale software's Stock Companion Report can help.

Measure An Item's True Value

Go to Cash Register Reports > Sales Register > Stock Companion Sales by Period. See the green arrow below.

Select the stock item, put in the last 12 months, and you will get a detailed report listing profit, numbers, etc. 

You'll get a detailed report showing the item's profit, sales numbers, and more. With this data, you can evaluate whether a slower-selling product with low direct sales attracts customers who purchase other higher-margin items.

Insights for Smarter Merchandising

One client used the Stock Companion Report for dry cleaning. This service had low profitability, so they debated whether to keep it, but they found it brought in good customers who bought other products. So they kept offering it.

The Stock Companion Report is just one example of how our POS software arms you with the insights you need to optimize your product mix. Slower-selling items may be necessary to attract foot traffic and complementary sales. Understanding these hidden contributions lets you make informed merchandising decisions that maximise your total store revenue.

Let our POS system provide the robust reporting you need to understand what's driving your sales. 

This is just another example of how our POS System provides you with stuff you can use. Call us to learn more.

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Why use Price off rather then a discount percentage?

POS SOFTWARE

Studies have shown that if you reduce a price, you are better off using a price-off amount rather than a percentage-off. So **price-off discounts beat percentage discounts for driving sales in retail.** I know this may seem counterintuitive, but stick with me here. I'll explain why opting for a concrete dollar over a vague percentage is the more intelligent move for your brick-and-mortar shop.

First off, percentage discounts don't speak to customers. Sure, 10% off sounds impressive in theory. But without a calculator, how many folks can instantly compute the actual savings in their heads? Not many! And even if they can do the math, that extra mental effort creates a barrier. 

Consider this: Instead of announcing a price reduction of 10% on a $10 item, you are better off announcing a price reduction of $1. 

In both cases, the price was reduced from $10.00 to $9.00, but the $1 is real, and 10% is not. 

Now we're talking. **Customers get that - no fuzzy math is required.** A concrete dollar amount is both real and motivating. It's an instant win rather than a puzzle to solve. With a set dollar amount, the deal clicks. No, memorizing the original price, no multiplying - just a straightforward new lower price. 

Okay, you're convinced that price-off discounts are the way to go. But how do you set them up in your point-of-sale system? Don't sweat it - it's a piece of cake:

1. Tap the "Discounts" icon on the main screen (see red arrow in diagram above).
2. Select the "Price-Off" option.
3. Punch in the dollar amount, like $7.
4. Choose which products get the savings. 
5. Hit "Save" and you're done!

Your customers can get communicated, math-free discounts. 

Here is how you can do this at the point of sale. See the diagram above where the red arrow points. This discount can be set up to be preset, so it is one button handling.

Note that if you mucked it up by changing the prices and want to start again, press the F7 button.

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How should you position your monitor for your eyes?

POS SOFTWARE

Screen Height for monitor

As a modern retailer, you likely spend long hours working your POS system. Ringing up sales, managing inventory, and analysing data happen on the computer. But sitting at an improperly set up workstation all day can take a toll over time.

Recently, I had a client who had big legal problems resulting from an employee complaining about her suffering headaches and eyestrain due to a poorly set up POS area. Unhealthy computing does increase injury risk, lost productivity, errors, etc. Here are some simple ways of making some changes that can prevent these issues.

So, let us review some easy ways to optimise your health, comfort, and productivity POS area.

Ergonomic Chairs 

Consider you sit on a chair looking at a computer for a long time. It would be best if you had a chair designed for long periods of sitting and watching computers. Both these types of chairs are useful. If so, try chairs yourself before purchasing. From personal experience, I do not trust online reviews. Everyone has a different body; what works for one person does not work for someone else. You will spend long hours of daily use, so you need adjustable lumbar support, which is essential as joint back pain and poor posture are common. Also check the seat depth, armrests, back angle, etc for your needs..It is best to invest in an Adjustable Chair.

It used to be that gaming chairs were just overpriced for the name compared to office chairs. This is no longer true, so I would not reject a chair just because it was named a gaming chair today. Besides, gaming chairs look so cool.

I like mesh-backed chairs as I like breathability.

I use a game chair in my office at home and an office chair at work. 

The key is to get an ergonomic chair that works for you.

Position Your Chair Properly

Having the chair too close or far from the monitor is common. Generally, 55 cm away is ideal, but test different distances to find what works for you. You're probably too far back if you're frequently straining or moving your head to see details.

Take Regular Breaks

It's tempting to work non-stop when you're solo. But taking short breaks to stand, stretch, and look away from the screen will prevent headaches and eyestrain. I find taking a short break every 30-60 minutes helps. Even standing up and walking around for a few minutes can help rest my eyes and body. Some people set up timers so they do not forget.

Also, drink plenty of water; dehydration is a common problem with prolonged use of computers. It causes headaches, among other things.

Screen Height

Position the monitor so your eyes are looking slightly downward when seated. Having to tilt your head up excessively leads to neck and shoulder pain. Try raising the monitor with a book or stand if it sits too low.

Monitors

I believe old monitors are just asking for trouble if you use them for an extended period; they do not address current issues like glare and screen flicker.  Use them for places where you only do short times. 

It would help if you focused on critical features like anti-glare, blue light reduction, and large enough text size/screen size.

Also, dust your monitor regularly to reduce eye irritation from particles or smudges on the screen.

Consider a Curved Display

Curved screens follow the natural focus of your eyes, reducing fatigue. When buying a new POS monitor, this design may be worth the investment for your health.

Lighting

Ensure you have adequate, indirect lighting that doesn't cause glare or reflections on your screen. Fluorescent lights can cause eye strain. Consider an adjustable lamp that you can adjust as you feel the need.

Try Blue Light Reduction Software

Some claim that programs like Flux, which change the monitor's colour and brightness to emulate natural light, ease their eyestrain. It does not work for me, but you may want to check it out to see how it goes for you.

Conclusion

Making a few minor tweaks to your POS workstation setup can go a long way in preventing health issues and keeping you energized. Your comfort directly impacts your ability to deliver excellent customer service as a one-person show. So be sure to optimize your workspace with ergonomics in mind.

 

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Your Computer Running Hot?

POS SOFTWARE

What you will notice is that if your computer is running slowly, and we or someone else gives it a preventive maintenance service, it now runs faster. Temperature is a common reason for this happening.

What happens here is that one or more of your computer's cores which are the brains of your computer overheats. Once a core goes over its maximum temperature, the computer slows it down. This is to avoid causing permanent hardware damage. Your computer, which is an i9 starts running like an i5, an i5 like an i3 etc. What is happening is to try to prevent damage, it slows down. It can get worse than this as nothing in a computer likes high temperatures.

So let us discuss the signs of overheating, methods to check your computer's CPU temperature, and troubleshooting tips to improve cooling and prevent heat buildup. 

Signs Your Computer May Be Overheating

Generally speaking, if your computer is running too hot, you will see things like:

>Slow performance - This is the most common sign.

>Loud fan noises - The fan often will be spinning at high speeds to remove heat

>Random crashes - Suddenly, your computer just stops working. You turn it off for a while, and it works like normal.

>Video on the monitor suddenly looks bad, this can be very serious as video cards are now some of the most expensive parts of computers today.

Don't ignore these warning signs!

Testing your computer

If you are worried about the temperature, I suggest downloading a temperature-checking software, CoreTemp. This is one of the best temperature tools for computers. You can get it here. Now let it run for a bit and see what it says the temperature is for each of the cores. If you see that they are

Recommended CPU Temperature Ranges

This gives you one core but in your hidden icons at the bottom right you can get all of them.

Here are some general CPU temperature guidelines:

  • Below 60°C - Temperatures are normal. No action is needed.

  • 60-70°C is an acceptable range for a computer running.

  • 70-80°C unless you are doing a lot of work on the computer and then only for a short time, it would be too hot

  • 80-90°C - Too hot! Take steps to improve cooling immediately.

  • Above 90°C - Danger zone. Risk of throttling or damage. Act now!

Computer CPU cooling

If your computer is running too hot, there can be many factors as to why; here are some points:

Clean Out Dust Buildup

It could be that dust has built up too much in the computer. This is a common problem in POS Systems, which work in dusty environments. The dust blocks the air coming in and as a blanket covering the computer parts, causing overheating. If so, clean up the dust. 

Thermal Paste

The thermal paste that protects the cores may need to be reapplied. This actually requires technical skill to do this, do not do this unless you know what you are doing.

Core came out

The cores may be loose, and sometimes they need to be pushed in again this requires some technical skill to do.

Cooling System

It may be that your cooling system has degraded or is not big enough; they may need to be replaced. Often today, cheap computers are sold with cooling systems that are too small.

Computer position

It could be where your computer is placed.

> The area could be too hot.

> Another problem is that it may obstruct airflow - if the cold air cannot get inside the computer, it cannot cool.

In this case, a simple movement may do wonders for your computer. 

Next step

Now, if it is still a problem, what will need to be looked at next is the cooler installation and the thermal paste. For most of us, this needs professional help. 

High CPU temperatures lead to poor computer performance and can seriously damage components. Keeping a close eye on your processor's heat levels is essential for preventive maintenance.

Don't let the heat take down your computer!

Stay cool!

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Adding notes to a transaction

POS SOFTWARE

As a retailer, you'll sometimes need to add notes to specific transactions. Our user-friendly POS software makes this easy - providing clarity and context when needed.

Why Add Notes?

There are many reasons you may want to add notes to a transaction in your POS system:

  • The item is damaged or defective, sold AS IS
  • The product has no warranty
  • The product is sold under some strict conditions, e.g. not for use in Australia.

It's an irregular transaction that needs an explanation to be recorded, so adding a note provides important details that give context to the transaction. This additional information can be invaluable if there are ever questions or disputes about that sale. This can be very important for customer satisfaction.

How to do the Note Taking

Our POS software allows you to add notes to any transaction seamlessly.  When ringing up the transaction, in this case, a return, there is an item on screen *Change Description* If this is pressed, you can see another option on screen *Attach as Note*.

Adding a return reason

 

Now, in this case, I wrote, "IT WAS BROKEN."  see where the red arrow is.

Once the return or transaction is saved, you have a complete reporting and analysis available. For example, in finding registered transactions in the cash register,

I am looking for this refund, which was done almost eight years ago.

finding a return reason

See I am able to search for this transaction with a wide range of filters.

returns report

And here is a report of the books with the broken covers and I can find the one I am looking for.

The person looking at the transaction history will see that the book was broken, probably torn.

 

The ability to add notes enhances the reporting and analytics capabilities of our POS system. Having the extra transaction details allows for more precise sales data and tracking.

Searching transactions is also simplified. You can easily filter and find specific sales using the notes field, for example, pulling up all transactions with notes mentioning 'damaged', 'discount' or 'clearance'.

Insights for Better Decisions

Detailed reporting using notes ultimately helps you make more informed business decisions. You can analyse irregular transactions to adjust buying patterns or staff training. Identify best-selling clearance items that should be reordered. Gain insights from customer purchasing habits and preferences.

Our POS software gives small retailers like you the tools to gain value from your transaction data. Empower your business with robust features for notes, reporting and analytics. We make it easy to access the information you need to satisfy customers, streamline operations and drive growth.

 

Insights for Better Decisions

Detailed reporting using notes ultimately helps you make more informed business decisions. You can analyse irregular transactions to adjust buying patterns or staff training. Identify best-selling clearance items that should be reordered. Gain insights from customer purchasing habits and preferences.

Standard Note Templates

To speed up the process and help you to find them consider making a dictionary of common notes. Then you can create standard note templates in the system. 

Training Staff on Notes

Train staff on proper procedures for adding notes. The notes are only helpful if they accurately and thoroughly document each unique transaction situation. Set clear expectations and guidelines.

Our POS software gives small retailers like you the tools to gain value from your transaction data. Detailed notes drive reporting, analysis and customer satisfaction. Let us make note-taking easy so you can focus on your business.

Conclusion

This is just another example of how POS Solutions software is giving retailers more in their software.

Frequently Asked Questions

Why should I add notes to transactions?

Adding notes provides essential context and details about irregular transactions. This clarifies the transaction record and provides transparency if questions come up later.

What kinds of transactions need notes?

Notes are helpful for any exceptional situations like damaged/defective items, clearance markdowns, customer disputes, etc. Anything out of the ordinary.

How do I add a note to a transaction?

When ringing up a sale, select the "Change Description" button and choose "Attach as Note". Type your note explaining the transaction, which will be saved with the record.

Can I view and edit notes later?

Yes, you can view and edit notes on the transaction details screen anytime. Notes can also be accessed through transaction reports.

How do notes help with reporting and analysis?

Notes allow for more detailed sales data and tracking. You can search and filter transactions using keywords from the notes field.

Should I create standard note templates?

Standard templates for typical notes can save time and ensure consistent entries. It makes it easier to find as well.

How should I train staff on note-taking?

Set clear guidelines and expectations for note-taking. Ensure staff are recording notes that fully explain unique transaction situations.

How can notes help my business decision-making?

Insightful reporting using notes allows you to spot trends, adjust practices, identify top products, understand customer preferences and more.

Why are notes important for customer transparency?

Notes reduce disputes by providing clear documentation visible to the customer on any irregularities like damages, discounts, etc.

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Shrinkflation Alert! Retailers, Protect Yourselves

POS SOFTWARE

Weights of sweet wrong

Check this image out. At the green arrow, the package said this sweet is 25 gm. Look at the red arrow for what it is: 17 gms. Selling such a sweet could be a fraud. Something similar happened to our of our customers. They ended up sending a few boxes back to their supplier. I wonder if the supplier forwarded it to another newsagent or fixed it. 

This is a problem we do not need.

Shrinkflation helps manufacturers quietly cut prices, but it sometimes creates headaches for retailers as products get sneakily downsized without transparency.

Shrinkflation Equals Retailer Frustration

Shrinkflation refers to products shrinking in size or quantity while prices remain stagnant. Instead of buying ten in a package, the package now has eight. Companies hide the quality reduction with tricky packaging tactics to mask these changes from consumers.

Numerous studies show consumers are far more likely to be negatively impacted by price increases than the reduction in size of a product. The strategy might even bolster certain sectors, like consumer staples, because these companies can sustain their margins by implementing shrinkflation tactics.

However, obscuring shrinkflation can seriously impact retailers once discovered. Suddenly, for example, your computer records contain incorrectly labelled products that no longer match what is programmed into your point-of-sale system. More importantly your shelf labels are now wrong.

This causes many problems no retailer wants to deal with. 

  • Angry, confused customers
  • Labor-intensive inventory adjustments
  • Point-of-sale system inaccuracies
  • Reputational damage and eroded consumer trust

Protect Your Business With Proactive Steps

Retailers can take proactive measures to catch this shrinkflation before major damages occur. 

Carefully Screen Inventory

When new products arrive, if they are different, there should be a separate item in your POS System with a unique barcode. 

Conduct Random Audits

I like this idea: if the computer scale is in the shop, it is easy to check the weights. If not, bring your kitchen scale to work and test many items in the shop.  Verify your figures match what’s on the supplier's packaging, if different, check what is in your POS system.

If you find an error, contact your suppliers to reconcile the differences and move forward. Most likely, you do not have their current catalogue file to import.

Shrinkflation Stings Customer Trust

Vigilance against shrinkflation directly translates to trust-building with customers. When shoppers find your inventory transparently reflects accurate weights and measures, they feel confident you offer reliable products.

Conversely, shrinkflation erodes consumer faith when its obscuring tactics are revealed down the line. Shoppers may wonder:

  • What else is wrong with this retailer’s inventory controls?
  • Are they overcharging me for other items, too?
  • Can I trust product information here?

Once customer suspicion sets in, it becomes challenging to regain their loyalty. It is far better to prevent the problem through proactive measures.

 

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Helping the last-minute shopper

POS SOFTWARE

 

Why not help the Last-Minute Shopper Grab Great Gifts? Here is a detailed analysis of the state of this market now.

Today, in the middle of this holiday season, many shoppers have left buying gifts to the last minute. As a brick-and-mortar shop, you can capture sales from these busy procrastinators with innovative merchandising strategies. This post covers ideas for enticing last-minute shoppers into your store and sending them away happy with gift purchases.

Create a Festive Storefront Display

You only have seconds to grab the attention of rushed shoppers passing by. It would help if you created an eye-catching display showcasing your goods. It does not have to be much, but it needs to be noticeable.

  • Bright, festive colours and lights
  • Best-selling gift items
  • Sale signs and promotions

You need clear Signage 

These last-minute shoppers are not planners, they are desperate, they want instant solutions. So place eye-catching signs advertising your Gifts. Include calls to action like “Easy Gifts Inside!”

Set Up a Gift Solution Center

Clear prime floor space near the entrance to set up a small “Gift Solution Center.” This designated area should display the following:

Top-Selling Gifts

Showcase 8-12 of your absolute best-selling and universally gifted items. This removes the stress of choosing for frazzled shoppers. Some ideas:

  • Candles
  • Gift baskets
  • Sets of something.

If you want to know how to get the top ten selling items in the shop at this period well, its easy in our point-of-sale system to do it.

Go to Register reports.

 

 

Now select "Top N Stock Sales for a Given Period."

 

You will want about 100 items with the last three months of sales on our listing, which will look like this because not all the items will be suitable. Like always you need to use some intelligence.  

Start at the top and build your stand.

Offer Gift Add-Ons

Do not stop there often. You can get a bit more to get full value for the impulse spending with these time-pressed shoppers. Make it easy for them to grab useful add-ons by displaying these items together near registers:

  • Gift bags
  • Tissue paper
  • Gift tags
  • Ribbons and bows
  • Gift wrap

Small treats like chocolates or gift soaps also invite impulse buys.

Be Their Gift Hero

This holiday season, take advantage of busy, time-crunched gift shoppers by making your store the easiest place to grab quality presents fast.  

Implement eye-catching displays showcasing your top-selling, universally gifted items. Designate a unique gift solution centre right up front. Stack impulse add-ons like gift bags and wraps near registers.  

With convenient offerings and locations, your shop can become your community's go-to last-minute gift destination. Reduce holiday stress while ringing in sales! Become the gift hero for harried shoppers this Christmas.

Give it a shot and see how you go. 

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Slash Payment Processing Fees with Least Cost Routing

POS SOFTWARE

Least cost routing

Swipe, beep, tap. Thanks to modern payment technology, paying for something has never been easier. But while tap-and-go is crazy convenient for customers, the hidden fees in the payment system are anything but convenient for business owners.

Every time a customer pays with a dual-network debit or credit card, you may pay inflated processing fees that dig into your bottom line.

The Banks Have Been Slow to Act

But a simple fix could help you save - the least cost routing (Merchant-choice routing).

The Reserve Bank has revealed a woeful roll-out of least-cost routing technology by the major banks after repeated urgings to act.

.. the National Australia Bank has remarkably only turned the system on for 15 per cent of its merchants and the other major banks offer it to well under half their customers.

When I was told that, I freaked out.  How could so many people not have it? 

Small business payment processing

In the current payments system, a customer taps their debit or credit card to purchase in your shop, and that payment is without least cost routing, likely being sent through the bank's preferred path on the EFTPOS network, which is not often the cheapest.

But here's the thing - most of those cards also have access to the lower-cost EFTPOS network, but your EFTPOS/Credit systems are not set up to take advantage of this fact. If so, your shop is shouldering unfairly high fees on every card transaction. Why should you be penalised with an excessive fee?

Why Unfair Fees Matter

  • You either absorb the fees and take a hit on your tight margins or pass the costs to customers through higher prices.

  • This makes you dearer as your fees are higher than those with low-cost routing.

  • This stifles competition when businesses are saddled with higher fees

Least Cost Routing Can Instantly Save You Money

Yet least-cost routing could help small businesses across Australia save over $1 billion per year.

With the least cost routing, dual-network card payments are automatically routed through the lowest fee network. This ensures you pay the minimum fees whenever a customer taps their card or buys online from your EFTPOS/Credit provider. Saving just cents per transaction adds up pretty fast.

Reducing card fees for small businesses

Please don't wait for your bank or payment provider to act because they are clearly not acting. You have to take control and access the savings of least-cost routing now.

Step 1: Ask Your Provider

First, contact your payment terminal or POS software provider. Ask if they offer the least-cost routing and whether it is activated for your business. If not, put pressure on them to enable it. 

Step 2: Review Your Fees

Take a detailed look at your monthly statements. Identify high credit/debit card fees.

Step 3: Train Your Team

Ensure staff know how to process cards via the EFTPOS network, which can save you money.

Take Action Now for Your Business

Small changes in your business can quickly add up to big savings. But we need your help to pressure the banks and payments giants to enable fair fees for all.

Contact your EFTPOS provider today to enable the least-cost routing. Also, check your monthly statements for excessive card fees to identify possible savings.

With simple advocacy, you can tap into instant savings for your shop. Let's work together to build a fairer payment system for small retailers and consumers.

If you have not done it yet, do it NOW!

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Lessons for Retailers from the Optus handling of the Outage

POS SOFTWARE

 

 

 

I was reading this article here on how badly Optus handled its outage, and while reading it, I realised that there are many lessons here for all of us. As business owners, we strive to provide excellent service to our customers daily. But in life, things sometimes go wrong. Occasionally, things go badly south. I have had vital deliveries go missing; telephones knocked out, which knocked out all our support; water in the building, which meant everyone had to go home, etc. etc. etc. Then what matters most is how we respond during these difficult situations.

Here is my take on what happened.

Now, one of Australia's largest telecommunications companies, Optus, experienced a nationwide service outage that left millions of customers without mobile data, text messages, and phone calls. Most of the problems were fixed by the end of the day, but as of this morning, some of my clients were still reporting problems. 

Let us review Optus's outage handling, which provides valuable lessons for us in crisis management.

Quick Response is Crucial

When disaster strikes, a quick public response is vital. People knew that things were wrong. I was alerted about 5 AM. I soon learnt that it was not just us, but I needed help to get details from Optus on what was happening. I was upset about what would happen to our support without phones. I can tell you that a delayed response fuels outrage. Then, when they did announce it, it was a vague message. They should have immediately addressed any significant incident on social media and their website. Even a short but sincere message goes a long way, even if details need to be clarified. What you need to do then is to give customers a tentative score and assure customers that you're working urgently to resolve the problem. 

Regular Communication Builds Trust

Regular updates are essential, even if you have limited new information to share. For example, when a delivery goes missing, we try to find the score and then call our clients to apologise for the inconvenience. We then keep in touch with them regularly after that. I am sure you do, too. 

Empathy is Everything

Optus' CEO came across as distant and uncaring in her messaging. If the reports are correct, she lost all communications except for WhatsApp; if so, her reports eroded trust in her. We need to be empathetic in communications, then. Be transparent about impacts and acknowledge feelings of anxiety or inconvenience. Even if it is unimportant to you, it is important to them. I can remember my Mum being so upset when some flowers were going to be delivered late, then the florist was very good and assured her that they were committed to resolving issues promptly. They spoke in simple, human terms.

Get Ahead of the Narrative

With no substantive updates, we saw speculation and misinformation quickly spread online about the Optus outage. Some people will always think the worst. It would be best if you stopped them by being proactive with information.

Behind-the-Scenes Access

I love her suggestion that Optus could have generated goodwill by providing behind-the-scenes footage of their engineers working to restore networks. Introduce information that your staff is working hard to assist. This puts a human face on your recovery efforts.

Learn from Past Crises

If you think about it, Optus should have had a crisis plan in place after Optus's significant data breaches last year.  No worries as the saying saids

Saying on the lessons of life

We need to learn from what went wrong.

Accountability Starts at the Top

The Optus CEO's lack of leadership during the outage sparked heavy criticism. In a crisis, owners/senior management must be visible. After all, they are the decision-makers. If you do not care, what does it say? It would be best to position yourself as commanding the situation with dedication and accountability.

Tone Deaf Actions Undermine Trust

When millions were struggling without phones, Optus' CEO provoked outrage by conducting a photo shoot in her luxury mansion. Perception is reality - avoid activities that seem insensitive given the circumstances. In a crisis, it is the time for selfless customer service, not self-promotion. 

Ongoing Reassurance is Key

Your post-incident messaging should reassure customers of your business resilience and commitment to delivering exceptional service. Responsible crisis management demonstrates your determination to preserve their trust for the long term.

Major crises will happen despite best efforts. But you can minimise the business damage and deepen customer loyalty through rapid response, transparency, accountability and compassion. Use the hard lessons from Optus as a blueprint to refine your incident readiness. Your customers will appreciate your dedication to continuity and care.

Summary: Key Takeaways for Retailers

  • Immediately acknowledge major issues
  • Provide regular updates, even without new info
  • Adopt an empathetic, human tone
  • Get ahead of online narratives
  • Give behind-the-scenes access
  • Learn from past incidents
  • Show strong leadership
  • Avoid insensitive actions
  • Reassure customers post-crisis

By applying these crisis management practices, your business can demonstrate resilience, accountability and customer dedication. Be prepared to act decisively when unforeseen problems occur. Your efforts to maintain transparency and care will go a long way with your loyal customers.

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Moving your POS Register Without Disrupting the shop, 12 tips

POS SOFTWARE

A computer being moved

We are always trying to improve things, so we are forever rearranging your existing space to improve. This can be an exciting but also challenging time. If you muck it up, you may need to call an engineer to fix it. That may cost you time and money.

Besides, your point of sale (POS) system is the heartbeat of your business operations, so moving it successfully is critical to avoiding disruptions while you do your POS system relocation.

Follow these tips to make sure your POS register and hardware transition smoothly to the new space:

Map Out Your New POS Setup

Before moving day, visit your new location and figure out exactly where you want your POS register and other hardware to be situated. Check your cables are long enough, and ensure you have enough space for all the devices, e.g. printers, cash draw, etc. The more you work out in advance, the better it will be.

Take a few photos

Do not be shy, take many photos. If something goes wrong, those photos will be really appreciated. 

Label Cables and Ports

As you’re disconnecting devices in your existing space, be sure to label each cable and note what port it was plugged into.

Clearly, labelling cables will help immensely when reconnecting everything in the new location. You want to avoid plugging devices into the wrong ports or having a tangled mess of cables without knowing what’s connected to what.

Some tips for labelling cables and ports:

  • Use masking tape or printed labels that won’t come off quickly.
  • Note the device name, port number/location, and what it was plugged into.

Back-Up Your POS System

Before moving equipment, do a full system backup of your POS software. It is good advice before doing anything to your hardware. Rarely have I seen anyone upset with having too many backups.

Treat your Hardware Safely

If you move them a fair distance, carefully pack them up to avoid damage in transit.

Schedule Vendor Support for Installation

Try not to do anything after hours or weekends. In an emergency, if you need help, if available, just in case. As a rule, I say do such tasks from Tuesday to Thursday.

Shut Down the POS Server and Devices Safely

This is important. Switch off everything before disconnecting and moving the devices from the power and data cables.

Test Connections at the New Location

At your new location, set up your POS register in stages:

  • Get your POS server and networking hardware like routers and access points connected first.
  • Slowly connect POS devices one at a time, testing after each.
  • Verify connections by processing practice sales before going live.

Taking it slow helps isolate any connectivity issues or bad cables. Testing with practice transactions ensures your setup is operational before real customer use.

Conclusion for moving a POS System to a New Location

Moving your business can be hectic, but careful planning and preparation will ensure your POS system transitions smoothly without impacting operations.

 

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