POS reports v2.0 offers the following daily financial reports:
Bill to Room
Overview of meals and services billed directly to rooms. Ensures accurate transfer of room service activities to accounts receivable for invoicing.
Charge Accounts
For managing and auditing charge account activities for accuracy. House account charges are intended to be transferred to an account receivable, employment benefit or promotional expense account in the accounting general ledger and/or settled at a later date via invoice or payroll deduction.
Meal Plan Vouchers and Deductions
Details on the usage of meal plan vouchers and related deductions for monitoring and managing the financial aspects of meal plans. Grouped by meal plan type (points, unlimited, declining balance) and date meal plan is used.
Sales, Tax and Payments Receivable
Total gross sales, tax exempt sales and applicable taxes. This first section calculates the amount of payments due on net sales and sales tax. This report uses the following formula: Payments due = net sale + tax - vouchers/coupons
Discounts by Name
Accounts for all applied discounts by name and order ID. Useful for assessing the impact of discounts on overall sales performance.
Voids by Name
Accounts for all voids by item name. Helps to identify and reducing voids to improve accuracy and reduce revenue loss.
Gift Card Redemption
Any sale of a stored value gift card.
Gift Card Sales
Any payment made with a stored value gift card.
Cash and Credit Sales
Any payment method made at the point of sale that results in a cash deposit to a designate bank, in part or in a batch. For most operations using POS, this includes cash, credit and debit cards.