The dollar value of gross sales minus tax, customer returns, and discounts. #SystemsSolutionsandPOS
The practice of re-pricing (revaluing) inventory according to the length of time it has remained in the store. #SystemsSolutionsandPOS
Could also mean Collect on Delivery. Payment is required at the time of delivery. The transportation company will collect the amount of the invoice when the good are delivered to the retailer. #SystemsSolutionsandPOS
Point of Sale Activation. A method for selling and activating gift cards at the register. #SystemsSolutionsandPOS
Expenses directly related to an item sold including the cost price, freight, cash discounts, vendor adjustments, and the costs related to prepare merchandise for sale. The total of these costs is called the Cost of Goods Sold. #SystemsSolutionsandPOS
A percentage deduction from the invoice cost before shipping for payment within a certain time stated by the supplier. #SystemsSolutionsandPOS
A 3 or 4 digit number that makes it possible to check the validity of the credit card data. For Visa, Matercard, and Discover the Card Security code is the last three digits printed by the signature area on the back of the credit car. For American Express the CSC is the 4 digits printed on the...
The dollar amount of merchandise on hand and for sale at the end of an accounting period. The value of the ending inventory becomes the amount of the beginning inventory for the following inventory period. #SystemsSolutionsandPOS
The return of merchandise to the vendor for credit, refund, or replacement. #SystemsSolutionsandPOS
The price what the store charges for items; the amount that the purchaser pays. #SystemsSolutionsandPOS