Glossary

POS Meaning and Retail Glossary

What is the POS meaning, and what do SKU, margin, khata or reorder level mean in a shop? This glossary explains common POS and retail terms in plain language for Pakistani shopkeepers.

POS meaning: fruit vendor weighing produce on a scale at his stall

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Quick answers

What does POS mean?

POS means point of sale: where and how a sale is billed and paid.

Khata vs udhaar

Udhaar is credit given; khata is the ledger where you record it.

Margin vs markup

Margin is on selling price; markup is on cost.

Why the words matter

Software, suppliers and accountants use these words every day. Knowing them helps you compare POS systems, read reports and price correctly. Terms are listed A to Z below; Urdu versions are on the Urdu glossary.

POS meaning and retail glossary terms with short definitions
A to Z

Billing terms

Stock terms

Credit terms

Pricing terms

Supplier terms

Installment terms

Retail and POS terms A–Z

Barcode

A pattern of lines (or a QR-style square) that a scanner reads to identify a product instantly at billing.

Cash register

A machine that records sales and holds cash. Unlike a POS, it usually does not track stock or customers.

Cloud POS

POS software that stores data online, so you can open it from a browser or app on different devices.

Cost price

What you paid for an item, ideally including transport and loading.

Credit limit

The maximum udhaar you allow a customer before asking for payment.

Dead stock

Items that have not sold for a long time and tie up your money and shelf space.

Down payment (advance)

The amount a customer pays upfront in an installment sale.

Gross profit

Sales minus the cost of the items sold, before rent, salaries and other expenses.

Inventory (stock)

The items you have available to sell, and the records of how many you hold.

Invoice

A document listing items, quantities, prices and the total a customer owes.

Khata

A ledger of customer credit (udhaar): what each customer owes and has paid.

Low-stock alert

A warning when an item falls below a level you set, so you reorder in time.

Margin

Profit as a percentage of the selling price.

Markup

Profit as a percentage of the cost price.

Multi-branch

Running several shops or outlets from one account, with separate stock and sales for each.

Opening stock

The quantity of each item you have on the day you start using a system.

POS (point of sale)

The place and the software where a sale happens: billing, payment and the receipt.

Purchase order

A list of items and quantities you order from a supplier.

Qist (installment)

Selling an item now and collecting the price in fixed monthly payments.

Receipt

Proof of payment given to the customer, often printed on a thermal printer.

Reorder level

The stock quantity at which you should order more.

Sales tax

A tax added to the price of goods or services. Rates and rules depend on the item and province.

SKU

Stock keeping unit: a unique code for each product and size or pack.

Supplier ledger

A record of what you owe each supplier and what you have paid.

Thermal printer

A small printer that prints receipts using heat-sensitive paper, with no ink.

Udhaar

Goods given on credit, to be paid later. Recorded in the khata.

Wholesale

Selling in bulk to other businesses, often at party-wise rates and on credit.

Want to see these ideas in practice? Read the getting started guide, try the free tools, or browse all resources.

Frequently asked questions

POS stands for point of sale.

A cash register records sales; a POS also tracks stock, customers, credit and reports.

Stock keeping unit, a unique code for each product variant or pack.

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