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kkowal
Level 2

Having Restaurant Daily Sales Recorded as Income on a P&L

Hi there, 

I've been looking in this forum for a few days now, and while there are a lot of questions asked about this topic, I'm having trouble finding the responses helpful for my business.

I'm new to QuickBooks Online, having some rudimentary knowledge of Desktop, but mostly through other bookkeeping services. In the past, to enter sales and expenses, I create Journal Entries and from there zero out my daily restaurant sales with the following:

Daily Sales

Sales Tax 

Tips Payable

Gift Cards Sold

 

Gift Cards Redeemed

Cash

Amex

Visa

Mastercard

Discover

 

with the payments zeroing out the sales recorded. When I do this now, I do not see any income under the reports, I see the zero balance that I recorded in the journal entry. 

 

I've also done this via sales receipt entry, with the same result. I understand that if I match up with my bank deposits via my bank statements, then those sales are recorded as income. But what about cash deposits if I don't deposit to the bank? What about reclassifying the sales tax and tips payable so it's not recorded as income? Everything that is deposited to the bank is not income, and the way it's deposited (up to 3 deposits a day, a weekend's worth of deposits on a Monday), I can't differentiate what non-income to take out. 

 

I hope I've explained myself clearly, and I appreciate any insight you might give me. 

 

 

Solved
Best answer May 06, 2020

Best Answers
john-pero
Community Champion

Having Restaurant Daily Sales Recorded as Income on a P&L

8 Comments 8
john-pero
Community Champion

Having Restaurant Daily Sales Recorded as Income on a P&L

You should use daily sales receipts, not journal entries. 

Read this article first

https://quickbooks.intuit.com/learn-support/en-us/sales-receipts/record-your-total-daily-sales/00/18...

kkowal
Level 2

Having Restaurant Daily Sales Recorded as Income on a P&L

Thanks John! You're absolutely right, I just needed to re-read the article, and list the payments as products and services, NOT as sub categories in the Chart of Accounts. I appreciate the help!

Jadallah
Level 2

Having Restaurant Daily Sales Recorded as Income on a P&L

dear sir 

i already use sales receipt as daily sales and i make exactly like the video i do product for every thing and i link the sales as income 
my issue in dash board the transaction show in P&L just as income and exp 
but is sales still zero CUZ the sales receipt equal zero 
how i can solve this thing >?  

Rose-A
Moderator

Having Restaurant Daily Sales Recorded as Income on a P&L

Hi, Jadallah.

 

I can share some information regarding the sales section on your dashboard in QuickBooks Online.

 

The Profit and Loss on your Dashboard will show an accrual basis by default. On the other hand, the amounts on your Sales graph on the dashboard are based on the total amount of your transactions. If your sales receipt's total amount is set to zero, then it will show as zero as well on your sales graph. 

 

To double-check the amount shown on your sales graph, make sure that you filter the report date correctly by clicking the This Month drop-down arrow. Once done, run the Sales by Customer Summary report to check the details of your Sales graph.

 

  1. Click Reports at the left pane.
  2. Look for Sales by Customer Summary in the search field.
  3. Change the Report period at the top.
  4. Click Run Report.

The following articles are good references. It contains more information on how to manage your QuickBooks Online dashboard. Also, this will give you insights on how your company settings and transactions affect your dashboard view:

 

An introduction to the home dashboard.

Record your total daily sales

 

Feel free to drop me a reply below if you have any other questions. I'd be glad to answer them for you. Have a good one.

Jadallah
Level 2

Having Restaurant Daily Sales Recorded as Income on a P&L

hi 
thanks for quick reply 

i already make the report this month and i check report sales by customers summary and its already zero 

 

''f your sales receipt's total amount is set to zero, then it will show as zero as well on your sales graph.''

thats mean no way to show my sales in dashboard in i still use sales receipt for daily sales record 

did we have another way to record my daily sales and show my sales in dashboard 

 

thanks  

pamela-lancersfa
Level 1

Having Restaurant Daily Sales Recorded as Income on a P&L

Do you use your net sales or gross sales to record a daily sales receipt? And do you add a separate line for sales tax collected?

jcsmky
Level 1

Having Restaurant Daily Sales Recorded as Income on a P&L

i have the same issue identified by two others--if I record daily sales using daily sales receipt method--producing zero dollar sales receipts--my chart of accounts is right BUT the dashboard shows sales and income as zero!  Which then cuts off the budgeting features of QBO and also the sales tax feature.  Help!

Jen_D
Moderator

Having Restaurant Daily Sales Recorded as Income on a P&L

Thanks for joining this thread, jcsmky.

 

Chiming in to share some insights on how you can set up and record daily sales in QuickBooks Online. Before anything else, I would like to check if you have followed all the steps from the following article to record your total daily sales in QuickBooks Online.

 

If you did and the reports are still showing missing data from the sales, I would recommend getting in touch with our representatives so they can check on it for you.

 

Follow these steps to reach out to a live agent:

 

  1. Go to the Help menu then choose the Search tab.
  2. At the bottom click on Contact us.
  3. Enter the keyword Account Management and Billing in the What can we help you with? box.
  4. On the next screen, scroll down to How would you like to connect with us section.
  5. Choose Chat with us to initiate a discussion with a live agent.
  6. Enter you account contact information then press Get a chat.
  7. When using this option, make sure to enable pop-up windows. The chat box will appear at the bottom right section of your monitor, and an agent will be with you shortly after. See this:

 

When you're connected, provide all the information about your concern or request a viewing session when needed. 

 

Comment down below if you have any questions about the daily sales process. I'll be right here to share some more information if you need anything. Have a nice day!

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