POS Systems for Hospitality
A POS (point-of-sale) system will support your business in numerous ways – Such as handling card and cash transactions, offering flexible payment methods, tracking inventory, and improving communication between staff.
During the Covid-19 pandemic, POS systems are even more crucial for hospitality businesses, as pubs and restaurants have been forced to diversify to takeaway business, offer table service and streamline processes to improve profitability / customer experience.
Investing in a POS system is a key decision for your business – The process of navigating the options and selecting for the right efficient (and cost effective) solution might feel overwhelming…
We’re here to help! – Throughout years of supporting hospitality clients, Fairmile Accounting have built a wealth of knowledge in this area.
Check out our user friendly comparison table to find the best POS system for you!
| EPOS Now | Lightspeed | Square | iZettle | TouchBistro | Zonal | |
|---|---|---|---|---|---|---|
| Suits | Larger venues | Growing venues | Smaller venues | Smaller venues | All round | Higher revenue venues |
| Cost | £25+ p/m if using your own iPad
£1199 for complete setup with till | £59+ p/m if using own iPad – Can purchase tills directly | £0-69 p/m with your own iPad | £29 p/m with your own iPad | £49+ p/m with your own iPad | From £5,000 per site including installation and setup |
| Tablet Costs – Additional | £15-£30 p/m per extra register | £59 p/m per extra register | Extra cost for hardware | £189+ complete setups
£29+ card readers | Extra cost per tablet | Extra cost per additional till / tablet |
| Commitment | No commitment | 12 months | No commitment | No commitment | 12 months | Flexible |
| Transaction Fee | n/a | 1.75%+ | 1.75% | 1.75% | n/a | Negotiable |
| Accounting Software Integration | Xero & Sage | Xero & Quickbooks | Xero | Xero & Quickbooks | Xero, Quickbooks, Sage & Shogo | Xero, Sage & Quickbooks |
| Inventory Management | Yes – Stock & waste management – Free | Yes – Free add on | Yes – Free add on | Yes – Free add on | Yes – Free | Yes – Free |
| Bar Tab Management | Yes | Yes | No | Yes | Yes | Yes |
| Table Service / Ordering | Table service | Table service – Paid add on | Table service & QR codes for mobile ordering | Table service | Table service | Table service & Mobile app ordering |
| Card Terminal Integration / Payment Providers | Barclaycard, Global Payments, Paymentsense, Worldpay | iZettle reader, paymentsense, SunUp Air | Square | iZettle reader | Barclaycard, Paymentsense, Square | Verifone, majority of merchant service providers |
Fairmile Accounting are specialist licensed trade accountants, with a deep understanding of the hospitality sector – We can advise on tools and processes to help you to adapt to the ‘new (very challenging) normal’ and bounce back when the pandemic finally ends.
Further questions? Get in touch with Fairmile and join our Facebook Group, helping business owners get more from their hospitality business and connect with like minded people – https://www.facebook.com/groups/pubownersnetwork/
