Name: What makes pos systems different from revenue cycles of manufacturing firms?
Uploaded: 2021-11-05
Duration: 1 min 29 s
Description: What makes pos systems different from revenue cycles of manufacturing firms?.

What makes pos systems different from revenue cycles of manufacturing firms?. 

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What makes pos systems different from revenue cycles of manufacturing firms?

Customer has possession of items purchased, inventory is in hand

Must update inventory at the time of sale

Only cash, cheques and bank credit card sales are valid

Shipping, packing, bills of lading are not relevant

Place order, goods shipped at some later time of period

Not necessary update inventory until goods are shipped to customer

Maintains no customer accounts receivable

What makes pos systems different from revenue cycles of manufacturing firms?

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