Point-of-Sale: Meeting Compliance Requirements With Accurate, Reliable Reporting

by with No Comment BusinessCompliancePoint of SaleTax

WHAT IS COMPLIANCE?

Now, if you have a business, compliance should be a big concern for you. It refers to your statutory obligations, i.e., your obligations to the government of the country in which you operate. Statutory obligations are things like “National Insurance”, which we call NIS, VAT, PAYE, and your corporation tax. Now, all of these things can be made easier with technology, but today we want to tell you about compliance surrounding what you sell. 

As far as your sales are concerned, for what you sell, you need to be paying VAT. You also need to be paying your corporation tax if you have made a profit. But, whether you have made a profit or not, you need to file anyway and to file, you will need reliable accurate information. 

Now, where should this information come from in terms of what you’re selling? It should come directly from your Point-of-Sale system. Your Point-of-Sale system is designed to provide you with an accurate account of your sales activity whenever it’s needed. It will also give you a breakdown of your VAT. Why waste time worrying about being compliant and searching everywhere for the relevant information you will need for your accountant?

Contact us at Corbar Business Solutions and let us take the headache away by helping you to be compliant. What would usually take you weeks or maybe months to get, a Point-of-Sale system can spit it out in a report in just a matter of seconds. 

At Corbar Business Solutions, our objective is to supply you with the best business solutions to keep you in business.

Rubber Stamps (Self Inking)

by with No Comment ProductivityStationery

Rubber stamps have been around for a long time, so a rubber stamp in itself is not new. What’s new is the way they are made, the short time it takes to make them, and the variety of ways they can be used.

Once layout design and content are finalized on a stamp, it can be produced in as little as half an hour. The idea of waiting for a self-inking rubber stamp for days or weeks is a thing of the past. Some companies can put a stamp in your hand in as little as 10 minutes if you come in person.   

Anything that can be pulled into a computer can literally be put on a stamp. The entire process is computerized and can take as little as a few minutes from start to finish.

Traditionally, rubber stamps were used for stamping business documents, but there are many more uses of the modern Self-inking rubber stamp. There is no need for the messy stamp pad as was used in the past.

Apart from business use, these affordable and convenient stamps can be used for personal use as well. Placing your name and address on items was never easier.  These stamps can be used as a business card stamp, as a stamp for a repetitive message or warning. The sky’s the limit as far as the various uses for these versatile stamps are concerned.

The only reason you may not be using one of these stamps is because you may not have thought of it. After you get the over 20,000 impressions from your original stamp, it can be re-inked; saving the cost to you of a new one, and the damage to the environment by not having to dump it.  

Getting the right stamp or the right idea for a stamp is better served by a company that is philosophically a solutions oriented company. Choosing the right company for your stamp-making needs makes a big difference between having a stamp made or having a stamp that is designed to suit your particular need and purpose.

Order below.

Rubber Stamp (Self-Inking)

“𝗜𝗳 𝘆𝗼𝘂 𝗰𝗼𝗺𝗽𝗲𝘁𝗲 𝘄𝗶𝘁𝗵 𝗼𝘁𝗵𝗲𝗿𝘀, 𝘆𝗼𝘂 𝗺𝗮𝘆 𝗻𝗼𝘁 𝘄𝗶𝗻. 𝗜𝗳 𝘆𝗼𝘂 𝗰𝗼𝗺𝗽𝗲𝘁𝗲 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳, 𝘆𝗼𝘂 𝗮𝗹𝘄𝗮𝘆𝘀 𝘄𝗶𝗻 𝗯𝘆 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗯𝗲𝘁𝘁𝗲𝗿.” ― Debasish Mridha We wish you a super successful day!

Posted by Corbar Business Solutions on Monday, August 31, 2020

Ticketing Dispenser Systems – A Customer Service Strategy

by with No Comment Business GrowthCustomer ServiceProductivity

Queuing and waiting has been an issue for years as many businesses that see walk-in customers have had to either get their customers to stand in line or have them seated until they are served. These two methods are now seriously challenged as the advent of COVID-19 has made it necessary to eliminate crowding and institute social distancing. One sure way to keep customers apart, while ensuring that every customer is served in turn is to institute an electronic ticketing system.

A ticketing system allows the customer to pull a number as they arrive, and wait until their number is summoned electronically. Modern ticketing systems not only display the next number in line at the control of the operator but can also have a voice module which can announce the number that’s displayed. Based on the change in times, this technology is more relevant than ever before as a combatant to COVID-19 and its associated risks!  

Make ‘waiting’ a rewarding experience for your customers as they sit & relax, peruse your in-store Ads & product info, and are served in an orderly manner.

The effectiveness of a ticketing system is based on the time and thought put into the implementation, which makes it imperative to choose the right company.

The Evolution of Time & Attendance Systems

by with No Comment Business GrowthProductivity

Time & Attendance systems were limited in the past to the good old punch clock which required someone to manually enter all the times and employees either into a book or spreadsheet for payroll calculations. The punch clock has now become obsolete as Time and Attendance systems have taken on a new and improved face, utilizing computers & software and bio-metric collections terminals. 

Modern Time and attendance systems allow employees to use their hand, finger or face to log in and out of the workplace while utilizing a biometric collection terminal at the place of business. These new systems are fast and accurate and can detect even differences between identical twins.   

There are many advantages to both employer and employee in using these modern Time & Attendance systems.  

  • No more investing money in punch cards because the hand, finger or face is used to punch in and out resulting in a direct saving to the company. 
  • Employee punches are sent directly into the software for payroll and H.R. management.
  • Errors associated with manually entering and calculating employee times are also eliminated saving time and money.  
  • No more ‘Buddy-Punching’ where employees punched for each other, this will now be a thing of the past.
  • Employees now have the confidence of knowing that the system recognizes them as present as no one else can punch for them or claim that they were not at work.  

“𝗜𝗳 𝘆𝗼𝘂 𝗰𝗼𝗺𝗽𝗲𝘁𝗲 𝘄𝗶𝘁𝗵 𝗼𝘁𝗵𝗲𝗿𝘀, 𝘆𝗼𝘂 𝗺𝗮𝘆 𝗻𝗼𝘁 𝘄𝗶𝗻. 𝗜𝗳 𝘆𝗼𝘂 𝗰𝗼𝗺𝗽𝗲𝘁𝗲 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳, 𝘆𝗼𝘂 𝗮𝗹𝘄𝗮𝘆𝘀 𝘄𝗶𝗻 𝗯𝘆 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗯𝗲𝘁𝘁𝗲𝗿.” ― Debasish Mridha We wish you a super successful day!

Posted by Corbar Business Solutions on Monday, August 31, 2020

So whether you are a small, medium or large business, there is a Time and Attendance system for you. The system should always be chosen based on your particular type of business.

Time and attendance

There are also many different software offerings as well as many types of data collection terminals. The one best suited for you is determined on a case by case basis based on a site visit and an interview with you to understand your business.

There are also solutions to suit every budget as the pricing structure of this technology ensures that the technology is within the reach of every business. The difference between your business and having the correct system is really in choosing the right company that will offer you the suitable solutions.

Cornelius Bartlett

Dip. Mktg., MBA.

Throughout the years, Corbar Business Solutions has been an innovator in the market, installing POS, Ticketing, Time & Attendance systems and more for many established companies across Barbados. Let us help you to secure your success. Our friendly staff is always ready to serve you

EMAIL: corbar@caribsurf.com

PHONE: (246) 428-9611 or WHATSAPP: (246) 832-5241

Point-of-Sale Systems in Today’s Businesses

by with No Comment Business GrowthProductivity

POS systems have become a must-have in today’s retail businesses. Whether you are in retail, restaurant or otherwise, the accurate management of your products/services, the money you earn from them – together with your customers, make POS systems the heart and soul of any well-run business.   

As a business, keeping your books in order is important. From your profits to your statutory obligations, POS systems form the foundation of quick and accurate reports for financial reporting.  Whether your business is involved in selling a product or service, food or an idea, POS systems are able to capture

  • the details of what you are selling
  • the breakdown of how much you are selling everything for
  • who you are selling it to

 

What a Point-of-Sale System can do for You

Today’s modern POS systems are able to do things that you may think impossible – like recipes for fast food operations, to the various sizes or colours in a clothing store are all meticulously configured in today’s modern POS systems. 

Today’s POS systems are designed not only to offer you the software flexibility to cater to your selling and reporting needs, but there are lots of peripheral hardware options to cater specifically to your business. While supermarkets, where products are bar-coded, will utilize barcode scanners, businesses like restaurants which sell food without barcodes will utilize touch screen monitors for the manual ringing-up of the food items by the cashier.

Peripherals, like remote kitchen printers, allow food to be printed in the kitchen and drinks to be printed at the bar, hence saving the time and confusion of a cashier going in and out of the kitchen to deliver orders. POS systems, if properly set-up, allow orders to be dispatched accordingly as they are rung up at the cashier station.  Proper set-up is key.

 

POS Systems Increase Sales & Maximize Profits

From a marketing perspective, POS systems offer a wealth of information on product movement, customer buying cycles and patterns, and much more. POS systems can eliminate the issue of forgetting – increasing sales by tying associated products at the point of sale (no pun intended).   

Example: You scan a spotlight through the POS system; a tag-along of the 4 batteries it carries should pop up on the POS screen. This eliminates the need of the customer or cashier to have to remember.  As inconsequential as this may seem, this allows the business to sell 4 four batteries that may have been otherwise overlooked. This reads down to increased sales motivated by a well-thought-out and set-up POS system.  

In conclusion, while POS systems continue to be a must in today’s business, choosing the right company to install your POS system will make the difference between just functioning and functioning efficiently and profitably. 

As a wise business person, you must take great care and caution in selecting the right company to implement your POS system. 

 

Cornelius Bartlett

Dip. Mktg., MBA.

Throughout the years, Corbar Business Solutions has been an innovator in the market installing POS systems for many established companies across Barbados. Let us help you to secure your success. Our friendly staff is always ready to serve you.

Email

Phone: 246 428-96110