CAP Retail Software Powered by POS Nation

Feature: Lottery Management

If lottery sales are a part of your business' bottom line, then proper sales and payout tracking are essential in calculating ROI. 

WEBINAR: C-Store Management Trends & Best Practices
Join the Panel Discussion: Sept 28 | 2 PM ET

See It In Action

Handle regular transactions and lottery sales on one device — while distinguishing between lottery sales vs. payouts in a single report.

 

Transcript:

Hello there, I’m Spencer with POS Nation, and if you’re a retail location that deals with lottery transactions, then you know how important it is to track lottery sales and payouts.

Failure to track inaccuracies can lead to discrepancies in drawer counts and the overall profitability of your business. 

With CAP Retail by POS Nation, our software comes equipped with over 50 pre-built reports and options to customize many more.

One such option is reporting, including lottery sales and payouts. So, I’m going to show you how that works. 

We’re going to sell a lottery ticket and then we’re going to perform a payout as well. Let me open my hotkey button list here, and I’ve got a simple key here for lottery sale. I’ve made this age-verified. I’m going to skip that for now, but you could have specific lottery tickets here, or an open priced simple button like I’m doing here. 

I’m going to do a two dollar lottery sale and I’m also going to add a payout. Let’s assume the same customer won 10 dollars and they want to get their payout along with the new purchase. So we’ll do a 10 dollar payout as well, and now they are owed eight dollars. At this point, we’ll tender it out, and we will do an exact change on cash. Complete the transaction, their change due is eight dollars.

Now we’ve done a 10 dollar payout and a two dollar lottery sale. Now on the reporting side, we want to see that separate from our regular sales transactions, so let me move over to our reporting screen here. 

Gonna run a quick sales summary for the day. As you can see, we’ve got our sales information, all of our taxed sales, non-taxed sales, cost of goods sold, and profit. All of that looks great, and then you see right here we have our lottery sales. So two dollars in lottery sales today and 10 dollars in payouts, and it gives us our net lottery sales of eight dollars and 20 cents because 20 cents goes to the store, because I set that 10 percent of lottery sales goes back to the store. 

So this is an example of how the lottery sales are broken out in your daily reports, monthly, and annual reports as well, and tracked separately in our system. So hopefully this gives you the information you need to make sure this is going to be the right solution for you.

If you have any more questions about reporting, please contact us at 877-727-3548 or sales@posnation.com. Thanks for watching. 

Lottery Sales & Reporting: Taking the Luck Out of Managing Lottery

Two Functions, One Machine

CAP Retail by POS Nation makes it possible to ring up both regular transactions and lottery sales on the same machine. This increases efficiency for your employees, and creates a faster, more streamlined experience for customers. 

Manage Your Cash Accurately

No need to maintain different cash counts for different sale types. Whether it's a lottery or general transaction, CAP Retail by POS Nation ensures your cash drawer counts are always accurate.

Quickly See How Much Lottery Earns Your Business

Eliminate manual reconciliations of lottery sales versus lottery payouts with a one-click report that shows lottery-generated revenue at-a-glance, this CAP Retail report makes it simple to see how much of your sales are specifically attributable to lottery purchases. 

Other Features

Here are a few of our other features we think you'll enjoy...

Faster for customers. Easier for employees.

Scan Data

Easy-to-use mix and match pricing and integrated reporting makes it simple to earn through the scan data rebate program.
Safer and faster checkouts.

Contactless Payment

Offer a safer way to cash out with contactless pay, including mobile and tap-to-pay options.
Track items, no matter how they're packaged.

Case Breaks

Selling individual items from packs, cases, and cartons no longer has to be an inventory nightmare.

Get Started with POS Nation

Selecting the right POS solution for your business might feel overwhelming. It doesn’t have to be.

Click below to view pricing and build the POS solution your business and customers deserve, or give us a call at 1-877-727-3548 to get started.

POS Nation Pricing Retail POS Software

 

Flex Monthly

$99/mo

  • POS software, touch PC, receipt printer, scanner, cash drawer, chip card reader
  • Pay monthly for your POS software and hardware
  • 24/7 unlimited support and training
  • Lifetime warranty
  • Requires Worldpay Processing Agreement
  • Cancel at any time by simply returning your hardware
Freedom

$999 one time

  • POS software, touch PC, receipt printer, scanner, cash drawer, chip card reader
  • You own the POS software and hardware; no required ongoing fees or payments
  • 90 days of free business hours support
  • Two-year warranty
  • Free chip card reader with Worldpay processing
Custom Build

Build custom POS System. Simple steps. Premium system. Made for you.

  • Let us know what your business needs in a point of sale system and get custom pricing
  • Multiple payment options in the Custom Build
  • New customers get one-time discount code
  • No contracts
  • No hidden fees