Tips and Service Charges: A Liability, Not Sales
This lesson is part of the course
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Lessons in this course
- The End-of-Day Report: From Gross Sales to Net Sales by Tax Rate Pro
- Tender Breakdown: Cash, Card, Vouchers and the Tender Check Pro
- Card Settlements: Payout Dates, Fees and Matching Batches to the Bank Pro
- Cash: Expected vs Counted, Over/Short and Tolerance Flags Pro
- Tips and Service Charges: A Liability, Not Sales Pro
- Gift Cards and Vouchers: Liability When Sold, Revenue When Redeemed Pro
- The Daily Sales Journal: Debits = Credits and Clearing Accounts at Zero Pro
- The Month View: Reconciliation Status, Open Items and Their Age Pro