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Restaurants are doing more carry-out and delivery than ever, and maximizing revenue per square foot by using two, three, or more different delivery services to reach the most hungry customers as possible. Unfortunately, each additional delivery service means more taxes, fees, and commissions that must be reconciled in the accounting system. Lucky for you, we teamed up with Toast to explain how to reconcile food delivery service fees and taxes. In this guest article “Reconciling Fees, Commission, and Sales Tax on Food Delivery Services with Toast,” restaurant accounting guru Raffi Yousefian, CPA discusses common errors with POS and delivery systems, recording and reconciling third-party delivery sales, and how to configure and calculate final sales taxes in your accounting system.
Need more help, or have more questions? Reach out to one of our restaurant specialists for personalized assistance.
Published 05/20/2022 | Guest article originally published 04/25/2022.
