Recording Sales

Danny

Are you using the QuickBooks Retail/POS software as well as QuickBooks?

You probably could do with some advice from one of the many accredited Quicken consultants in your area. Try

and look for the support tab. Find a trainer or a consultant I think will find someone near you.

They will charge for their time, but you should get some idea of how much when you tell them more about your business.

Setting up a restaurant business *blind* especially with POS can cause you more grief than if you spend a little bit now to get some support.

I can help you find someone if you wish to contact me at bobatosmondridgedotcomdotau - replace the at and the dots with the appropriate characters.

Bob Williams

A basic general ledger system can take note of "books of original entry." In ye olden shopkeeper days, sales were tallied in a journal. At the end of a period (day, week, month), the totals from the journal were copied into the ledger.

The main purpose of this technique was to avoid cluttering the ledger with minutia.

Same principle here. You may take a Z-tape reading from your cash register and enter the applicable totals into QB as (QB) journal entries. [That's one way to do it]

I STRONGLY recommend you take a Bookkeeping 101 course at your local adult-learning center.

I agree 100%. Since being in the restaurant business only involves working

15 hour days 7 days a week you should have plenty of time to go to school to take a bookkeeping course. Or maybe engage your accountant for a few hours to help you set up the records.

Talk with your accountant/bookkeeper. What you need is a daily cash recap sheet summarizing sales, taxes, methods of payment, cash paid outs etc... which will form the basis for a daily sales journal entry into QuickBooks.

Later...

David S>