I’m new here. I’m sorry if this is a double post. I tried search the forum but I didn’t get the answer I’m looking for. I found out from here that as a fnb settings, I just need to input received money/money spend on bank tabs. I have some question in my mind. my daily sales consist of tax 6% and service charge of 10%. How do I go around this? my country rules on service charge is also subjected to tax 6%. for example if the svc charge is $1, it is subjected to 6 cent tax too. sometimes I do online voucher like groupon, where do I input these? tabs that I needed for cafe/restaurant settings? Thanks.

It is possible but there is a couple of things to clarify first: Are you processing per transaction or daily totals? e.g. Cash register totals or Docket tallies etc Do you work Tax inclusive or Tax exclusive? With regards to the Daily Sales and Service Charge you would process them as separate line entries: Line 1 - Account = Daily Sales - Amount = 100 + 6% Line 2 - Account = Service Charge - Amount = 10 +6% Depending on tax method will determine the tabs to be used.

Hi. I’m processing daily totals. Currently is Tax inclusive. Where do I input the Account = Daily Sales - Amount = 100 + 6% that you mentioned? Is it under Cash tab? By separating them, I find this useful for my monthly ending to pay my staff the service charge. also can I do the same line for Groupon? :slight_smile: Thanks :slight_smile:

[image] teant2016: I’m processing daily totals. Currently is Tax inclusive Right answers - by that I mean you have given yourself the most straightforward approach. You will probably need to activate both Cash on Hand and Cash at Bank tabs. I am assuming the daily receipts will go to Cash on Hand and you do Transfers to Cash at Bank in bulk sums. Under Settings - Tax Codes select you countries tax rate. Under Settings - Chart of Accounts - P&L side create the following new accounts: Name = Daily Sales (or Café Sales - your call) - Group = Income - Tax Code = select code Name = Service Charge - Group = Income - Tax Code = select code Under Cash on Hand - create cash account (say Daily Takings) - now you should be set up. End of Day 1 - Cash on Hand - Daily Takings (click blue dash under balance) Receive Money - Payer = Takings Date Line 1 account = Daily Sales - Amount = Takings Line 2 account = Service Charge - Amount = 10% of Daily Sales Takings Just make sure the RHS of the account lines show the tax select [image] Can you please explain what Groupon is?

Thank you so much. I got it now. Thanks!! Groupon is an online voucher to get the best deal. Usually it is very popular among restaurant/cafe. People use this app to buy and then present the voucher at our cafe to redeem, and then Groupon will pay us instead of customers.

Ok, then you could create another COA Income account called Groupon Vouchers as above and bank the income to there. Also, if you take credit card payments, then you could open a 2nd Cash on Hand account called Credit Cards.

Hi, Both Groupon and Credit card will be deposit to my bank automatically the next day. Should I put them in Bank Accounts tab instead?

Yes, it would certainly be simpler - so they wont be part of the Cash on Hand - Daily Takings. With the credit cards, as long as you get paid the gross and you pay any fees separately.

Hi, I trying to find out about daily Cash Register receipts and found this thread. Sounds good, but I can’t find the Bank Account tab. Am I missing something?

The Bank Account tab has been merged into the Cash Accounts tab - read here [image] [16.5.6] Merged bank accounts into cash accounts tabs In the latest version, Bank Accounts tab has been removed and all bank accounts will be shown under Cash Accounts tab. [image] There are number of reasons for this change. Easier to decide where account should be created Since both tabs are very similar in functionality, sometime it was difficult to decide whether account should be created under Bank accounts or Cash accounts. Bank accounts tab incorrectly implied it should be used for bank accounts only however PayPal accounts and other mer…

Hi Brucanna, thank you for the quick response. Do I need to set up Credit Cards? Should I make one for each type? Right now I receive money in a Register account that I record daily sales (located in cash accounts), then transfer the credit card amounts to ‘checking account’ as ‘unclear’ till they ‘clear’ If I set up different credit card types, will that affect the totals for my checking balance?

Cafe Settings Sales with Tax and Service Charge

Uncategorized

Brucanna July 9, 2016, 4:37pm 10

The Bank Account tab has been merged into the Cash Accounts tab - read here

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Cafe Settings Sales with Tax and Service Charge

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