What is a cash register system

A cash register system is used to collect payment for goods paid in cash and document the sales you have made. Cash register systems must comply with the requirements for cash sales in the accounting regulations.

A cash register system is not just a bank terminal. A cash register sends information about the sale to the payment solution, and then the payment is registered on the cash register again. A cash register should, among other things, be able to register payment with different payment methods, produce certain reports, print sales receipts, and display the time.

Stores and restaurants are among those who must use a cash register to register cash sales. Here, cash sales mean that the customer has paid for the item immediately upon purchase, regardless of the payment method.

You must perform a cash settlement (also called a daily settlement) on the cash register system after each sales day.