point of sale

POS 1. A computerized retail system that captures sales transactions at the location and moment of customer payment. 2. The principle, in accordance with the *accruals basis of accounting, that *revenue is *recognized in financial statements only in the accounting period to which it relates. The point of sale for tangible products is usually based on the date of dispatch of goods to customers, and for services on the date at which a service is performed.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • point of sale — noun (in retailing) the place where a sale is made (abbrev POS) • • • Main Entry: ↑point * * * point of sale UK US noun [countable] [singular point of sale plural …   Useful english dictionary

  • point-of-sale — ˌpoint of ˈsale written abbreviation POS noun points of sale PLURALFORM [countable usually singular] MARKETING COMMERCE the pl …   Financial and business terms

  • Point of Sale — [ pɔɪnt əv seɪl ], der; , s [engl. point of sale, zu: point = Punkt; Stelle u. sale = Verkauf] (Werbespr.): für die Werbung zu nutzender Ort, an dem ein Produkt verkauft wird (z. B. Laden, Tankstelle). * * * Point of Sale   [pɔɪnt əv seɪl,… …   Universal-Lexikon

  • point of sale — noun count the place where a product or service is sold ╾ ,point of sale adjective: point of sale advertising material …   Usage of the words and phrases in modern English

  • point-of-sale — [point′ əv sāl′] adj. of, in, or relating to a place, as in a retail store, where sales are made or purchases checked out [point of sale advertising]: also point of purchase …   English World dictionary

  • point of sale — also .point of purchase n [singular] the place or shop where a product is sold ▪ Under the new law, cigarette advertising will only be allowed at the point of sale …   Dictionary of contemporary English

  • Point-of-Sale — ist ein Begriff für: im Marketing den Ort des Verkaufs, siehe Verkaufsort ein Abrechnungssystem, siehe Point of Sale …   Deutsch Wikipedia

  • Point of Sale — [ pɔint əv seil] der; , s <aus gleichbed. engl. point of sale> für die Werbung zu nutzender Ort, an dem ein Produkt verkauft wird (z. B. die Verkaufstheke; Werbesprache) …   Das große Fremdwörterbuch

  • Point of Sale — steht für: im Marketing den Ort des Verkaufs, siehe Verkaufsort ein Abrechnungssystem, siehe electronic cash Diese Seite ist eine Begriffsklärung zur Unterscheidung mehrerer mit demselben Wort bezeichneter Begriffe …   Deutsch Wikipedia

  • Point of sale — This article is about checkout technology. For managed care, see point of service plan. Points of sale at a Target store …   Wikipedia

  • point-of-sale — adjective of or relating to or being the location where something is purchased • Pertains to noun: ↑point * * * adjective also point of sales ¦ ̷ ̷  ̷ ̷ ˈ ̷ ̷ : of or relating to the place (as a check out counter) where an item is purchased… …   Useful english dictionary


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