For those of you using Cloud and Subscription Based Point of Sale Software:
I am sure that many of you have seen the vast number of retail stores and restaurants that are currently closed or only offering limited service. I am in the process of having phone conversations around 50 retailers across the US (of varying sizes and type of products being offered). While it would be awesome if all of them survived this economic downturn, it is clear that some will not.
That means that the point of sale companies will see declining monthly revenues. It is very likely that some point of sale providers will not survive the economic downturn either. Most likely on the restaurant side of things but I expect to see some closing on the retail side as well.
Thus I would highly suggest ensuring that you are keeping a backup of all of your inventory/product, customer, and supplier information on a daily basis.
You may be able to request a backup from the place that provided your point of sale system.
Alternately, you should be able to run product, customer, and supplier reports at the end of each day and then export these reports to a spreadsheet. These exported reports can then be saved to a thumb drive, dropbox, or similar as a CVS or similar file.
This is purely for your protection in case you no longer have access to your point of sale system due to the provider ceasing operations.
Please contact me at email@example.com or 208-340-5632 with any questions.