In the world of business, data is king. And when it comes to sales, understanding the basis of your transactions is paramount for strategic decision-making. That is why you need a POS System that is empowered with powerful reporting tools
What are the Benefits| Effective business reports help you:
- Enhance Decision-Making: Provide data-driven insights for strategic choices.
- Improve Efficiency: Identify and address operational inefficiencies.
- Better Financial Management: Monitor financial health and plan accordingly.
- Foster Accountability: Promote transparency and align efforts with goals.
How Robisearch’s POS / Point of Sale System in Kenya, reports help businesses to grow| Types of Reports you can generate from ROBIPOS
- Detailed Reports:
Without a powerful featured POS System, It will be hard for a a business owner to manage sales, inventory, costs and boost customer satisfaction .Detailed reports offer a granular look at every transaction, providing insights into the “who, what, when, where, and how” of your sales. They are essential for in-depth analysis.
- View Sales: This is the most basic yet crucial report. It provides a complete list of all sales transactions, likely including details like date, time, customer, products purchased, quantities, prices, and payment methods. This report is the bedrock for all other analyses and you can find it in our POS (Best POINT OF Sale in East Africa)
- Sales per Product/Stock Movement: This report focus into the performance of individual products. It tracks the quantity of each product sold, the movement of stock in and out of inventory and can help identify best-selling items, slow-moving stock , dead stock and potential stock shortages.
- Sales per Product Category: Taking a broader view, this report aggregates sales data by product categories. It helps understand which categories are driving revenue, identify trends on how each products moves and make informed decisions about product mix and marketing strategies.
- Sales Per Person: This report tracks sales performance by individual sales representatives. It helps identify top performers, assess the effectiveness of sales strategies and provide targeted training and support to employees that do not perform well
- 5. Returned Sales / Suspended Sales: This report tracks returned items and sales transactions that were started but not completed, it helps identify potential issues with products, customer satisfaction, or the sales process and rectify them. You can also add a reason to why a sale was deleted
- Fast/Slow Moving Goods: This report feature in our POS System, identifies the products that are selling quickly and those that are languishing on the shelves/Dead stock. It helps optimize inventory management, reduce holding costs and prevent stock outs that might lead to customer dissatisfaction
- Serial No / Search Serial No: a features mostly used by electronic stores and any business dealing with serial number management. This report allows tracking of individual products by their serial numbers. It’s particularly useful for high-value items or products that require warranty tracking or whn a client returns a damaged electronic for replacement
- 8. Download Detailed Sales: This powerful feature allows exporting the detailed sales data for further analysis in spreadsheet, the data can also be sent directly to the owner’s phone through sms, email or whatsapp
- Upload Sales / Incomplete Sales / View VAT Sales: This section likely covers data import and export, highlighting the ability to manage incomplete sales records and view Value Added Tax (VAT) related sales information. This makes it easy to do bookkeeping, saves time and reduce errors
- Summary Reports
Summary reports offer a high-level overview of sales performance in general , providing business owners with insights into key metrics and trends. They are ideal for quick analysis and strategic decision-making in business
- View Receipt Sales (All) / Daily Summary Sales (Category) / Total Sales / Daily Collections / Daily Expenses / Total Sales (By Currency): This section provides a variety of summarized sales data.
View Receipt Sales (All): Offers a consolidated view of all sales receipts.
Daily Summary Sales (Category): Provides a snapshot of daily sales, broken down by product categories.
Total Sales: Shows the overall revenue generated within a specific period, business owners can select time period e.g. in weeks, months or years
Daily Sales report: Tracks the amount of cash collected on a daily basis/ total money made
Daily Expenses: Provides a summary of daily expenditures with detail on what was bought.spent
Total Sales (By Currency): If operating in multiple currencies, this report shows the total sales in each currency made
- Receipt Sales Per Category / Total Sales (By Currency): This report breaks down receipt sales by product categories and may further specify total sales by currency.
- 3. Sales Per Customer / Agents / Resellers: This report feature tracks sales generated by individual customers, agents or resellers in your business. It helps identify key accounts and understand customer behavior/ you can also be able to identify top performers
- Money Mpesa Received: This report tracks payments received through M-Pesa, this can b easily tracked by integrating Mpesa Paybill/Till to your PO System
- 5. Search/View Mpesa Pending: This allows users to track and manage pending M-Pesa transactions in the system from pending or incomplete sales done
5.1. Download Mpesa Contacts / Download Summary Sales / Upload Summary Sales: This feature covers data import and export, specifically for M-Pesa data and summary sales information. The contacts can the be easily used to send clients sms in case of offers, discounts etc.
- 6. Daily Collection Report: This provides a detailed report on daily cash collections, This data can be sent to business owner real-time via phone and help reduce theft
The Power of Data-Driven Decisions
By utilizing these detailed and summary reports, businesses can gain a comprehensive understanding of their sales performance. This knowledge empowers them to:
Maximize of Stock/inventory management: By identifying fast and slow-moving products. Dead stock, expired goods and frequently asked product
Improve sales strategies: By analyzing sales per person and customer, owners are able to identify top performers and budget accordingly to what works
Enhance customer satisfaction: By tracking returned sales and addressing potential issues, managing warranties, having the right stock at the right time
Make informed financial decisions: By analyzing total sales, daily collections and expenditure, owners are able to focus on what works and make good decisions
Identify trends and opportunities: By analyzing sales data over time, this allows them to know when to restock, what clients ask for most and what to eliminate
In conclusion, a robust sales reporting system is a MUST for businesses of all sizes. By leveraging the power of detailed and summary reports, Business owners can gain valuable insights, make data-driven decisions, and drive growth. Take charge of your data and let it guide your business to greater success. Let us help you as you switch to a POS System that will offer you detailed reports.
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