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Sales & CRM

POS Glossary

Terms for retail billing at the counter.

5 terms · Updated 12 November 2026

B1 term

Barcode Scanning

Reading a product code to add the item to a bill quickly.

C1 term

Counter Receipt

The printed or digital proof of purchase given to a shopper.

L1 term

Loyalty Points

Rewards a shopper earns on purchases and can redeem later.

P1 term

Point of Sale (POS)

The place and system where a retail sale is completed and paid for.

S1 term

Shift Closing

Reconciling cash and sales at the end of a cashier's shift.

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