POP meaning in Accounts and Finance ?

Answer:

What is Point of Purchase mean?

The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but can also be dispensed with or sent electronically.

To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are available.

The point of sale is often referred to as the point of service because it is not just a point of sale but also a point of return or customer order. POS terminal software may also include features for additional functionality, such as inventory management, CRM, financials, or warehousing.

Businesses are increasingly adopting POS systems, and one of the most obvious and compelling reasons is that a POS system does away with the need for price tags. Selling prices are linked to the product code of an item when adding stock, so the cashier merely needs to scan this code to process a sale. If there is a price change, this can also be easily done through the inventory window. Other advantages include the ability to implement various types of discounts, a loyalty scheme for customers, and more efficient stock control, and these features are typical of almost all modern ePOS systems.

reference

Full Form	Category
Professor Of the Planet	Academic & Science
Parallel Ocean Program	Academic & Science
Professor Ozone Patrol	Academic & Science
Probability Of Precipitation	Academic & Science
Point of Purchase	Accounts and Finance
Puerto Plata	Airport Code
Proof of Payment	Banking
Proof Of Performance	Business
Parallelogram Of Power	Business
Proof Of Product	Business
Public Offering Price	Business
Pope & Talbot, Incorporated	Business
Product Of Pommery	Business
People's Online Publishing	Business
"Period of Performance" (used in contracts & finance)	Business
Persistent Organic Pollutant	Chemistry
Pride Of Place	Community
Prince Of Persia	Community
Presbyterian Outreach to Patients	Community
Poor Old Papa	Community
Piece Of Peace	Community
Pop A Word From The Stack	Computer Assembly Language
Performance Optimized Program	Computer Assembly Language
Pokémon Organized Play	Computing
Positively Outstanding Programming	Computing
Picture Out Picture	Computing
Protected Object Policy	Computing
Point Of Production	Computing
Processor On Plug-in	Computing
Partial Order Plan	Computing
Proof Of Possession	Computing
Package On Package	Computing
Page Optimizer Pro	Computing
Picture On Picture	Computing
Picture Over Picture	Computing
Package for Online Programming	Computing
Pseudo Operation	Computing
POP Network Token	Cryptocurrency
Messages Index (popmail)	File Type
Pop-up Menu Object (dbase Application Generator)	File Type
Population One Pop	General
Peer Outreach Program	General
Pissy Or Pisstastic	General
Personal Ozone Protection	General
The Peer Observation Program	General
Pay One Price	General
Pacific Ocean Perch	General
Point Of Purchase promotion	General
Publish or Perish	General
Pay Other People	General
Prototyping on Paper	General
Piece Of Paper	General
Proof Of Purchase	General
Picture Of Picture	General
Performance Optimisation and Productivity	General
Page On A Page	General
Percentage Of Positive	General
Prince Of Peace	General
Pocket Of Positivity	General
Pain On Palpation	General
Pelvic Organ Prolapse	General
Procurement Outreach Program	General
Profits Over Promises	General
Perfectly Organized Perks	General
Preferred Owner Program	General
Pre Owned Parts	General
Parade Of Progress	General
Plenty Of Parking	General
Point Of Purpose	Governmental
Power Of People	Governmental
Problem Oriented Policing	Governmental
Performance Oriented Packaging	Governmental
Persistent Organic Pollutants	Governmental
Point of Presence	Information Technology
Portal Of Praevus	Internet
Progestin-Only Pill	Medical
Progestogen Only Pills	Medical
Progestogen-Only Pill	Medical
Premium Only Plan	Medical
popliteal	Medical
Posterior Occipital Position	Medical
Pissing Off People	Messaging
Premises of Post	Messaging
Population	Military and Defence
Post Office Protocol	Networking
Pass On Packet	Networking
Perpendicular-to-orbit Plane	Space Science
Polar Orbiting Platform	Space Science
Preburner Oxidizer Pump	Space Science
Preflight Operations Procedures	Space Science
Prelaunch Operations Plan	Space Science
Program Operating Plan	Space Science
Princess of Pro-Wrestling	Sports & Games
La Union Airport	Transport & Travel