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Ajscreek
Level 2

Dailey Sales Receipt with adjusted cash and tips

I have lots of problems with my daily sales receipt.  Here are my starting points.  I have adjusted cash, which is the total cash collected by a server minus the credit card tips she was given.  The adjusted cash is then submitted to the office.  If the adjusted cash is negative, the server then goes to the bar (our only active cash register) and the bartender issues a tip out(payout) of the remaining credit card tips given to the server.  Taxes... we have two sets of taxes that we must pay.  Va State sales tax 5.3% and then a local meals tax of 5%.  I did use a tax group to account for that.  Retail items (shirts, mugs, glasses, etc.) are the only items on menu that doesn't have the additional 5% attributed to it. We used to use to have house tips.  I broke down and purchased a book titled "Restaurant Accounting with Quickbooks" published through the Sleeter Group.  I thought it would set me in the correct direction but I fear not.  I set up a new company file using a method of zeroing the Z-tap, but I am not 100% sure I am looking at the right thing.. I really want to be able to track sales per server, however once I put in all the server reports my deposits screen doesn't match my deposits from the credit card processing company.  I am completely lost and the only phone number of someone who could help me, has stopped responding to me.  I hope you all can help.  I have over a month's worth of sales I need to get into my company file correctly.. Thank you ahead of time. 

4 Comments 4
Anonymous
Not applicable

Dailey Sales Receipt with adjusted cash and tips

Hello there, @Ajscreek.

 

Let me help share some insights about how you can track your sales per server in QuickBooks.

 

You can use classes in transactions to separate transactions that relate to different departments or locations. First, make sure that QuickBooks is set up to use classes. You may refer to this helpful blog for more information: How to use class tracking in QuickBooks.

 

Classes are additional means to categorize data. You can filter, sort or total reports by class in QuickBooks Desktop.

 

When matching your deposits from the credit card, make sure to check if you have transaction fees or review the deposits if everything was included.

 

As always, you can reach out to our Desktop Specialist if you need further assistance in going through the steps. They'll be able to access your account in a secure environment and help you with everything you need in tracking your daily sales.

 

Keep me posted if you have other questions about tracking sales. I'm here to help however I can.

Ajscreek
Level 2

Dailey Sales Receipt with adjusted cash and tips

I didn't ask about classes.  I am asking how to appropriately account for tips on a daily sales receipt.

Anonymous
Not applicable

Dailey Sales Receipt with adjusted cash and tips

Hi, @Ajscreek.

 

I can help provide clarification about the classes I've mentioned.

 

The class feature in QuickBooks is intended if you want to be able to track sales per server. If you need to track the appropriate account for tips on a daily sales receipt, you can create a service item. However, you may have to consult your accountant to ensure you are using the right account for this item based on the type of business you have.

 

You can refer to this article for more information about the item types in QuickBooks: Add, edit, and delete items.

 

Let me know if you have other questions about tracking tips. I'll be here to help.

Ajscreek
Level 2

Dailey Sales Receipt with adjusted cash and tips

again not what i asked for, I already know about classes and items.  

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