How do I enter daily sales in QuickBooks for a restaurant?

Restaurant businesses need to keep their financial transaction records very efficiently to achieve financial discipline. QuickBooks software has made bookkeeping and accounting tasks very easier for restaurant businesses.

This software has eased the daily sales recording for the restaurants which was once considered as one of the tough tasks. Using QuickBooks for restaurants you can easily manage the daily sales management activities.

It can keep all the reports accurate giving a better view of the financial status of restaurants.

Some find entering daily sales in QuickBooks for hotels and restaurants a little difficult. However, it is not as tougher as it seems, it is just a lack of knowledge that might be making it complex for you.

QuickBooks for small restaurants has simply helped improve their business nicely. We will look more into entering daily sales in QuickBooks for the businesses of restaurants in more detail here.

How to enter daily sales in QuickBooks for restaurants?

Entering the daily sales record is not as complex as it seems in the QuickBooks software.

Here are steps to enter daily sales records in QuickBooks for hotel and restaurant:

• Login to QuickBooks
  • Open your QuickBooks software and log in to your company file by entering proper details.

• Create a Sales Receipt
  • Go to the "Customers" menu and select "Enter Sales Receipt." Here, you create the respective sales receipt.

• Select Customer
  • You can either create a new customer or choose the appropriate customer from the drop-down menu from the existing one.

• Date
  • Enter the date of the sales receipt. Usually, it would be the current date, but you can select a different date if needed.

• Payment Method
  • Choose the payment method used for the sales, such as cash, credit card, or check. This flexibility in the payment methods has made QuickBooks for small restaurant very beneficial.

• Itemize Sales
  • In the "Item" column, enter the food and beverage items sold. If you have set up your menu items as products or services in QuickBooks, you can select them from the drop-down list. Enter the quantity sold, rate, and amount for each item.

• Add Sales Tax
  • Addition of the proper sales tax is one of the important aspects in hotels and restaurant business. If applicable, include sales tax by selecting the appropriate tax item or rate.

• Tips
  • If you want to record tips received, create an item called "Tips" and enter the tip amount received.

• Review and Save
  • Double-check all the details on the sales receipt for accuracy. Once verified, click "Save and Close" to record the sales.

Using these simple steps, you can easily enter daily sales records in QuickBooks for hotel and restaurant. Get the best of QuickBooks for your restaurant business to help improve your finances.

If you are unable to implement QuickBooks for restaurants in daily sales management then you can outsource this task to experts.

Meru Accounting provides outsourced services for entering and managing daily sales in QuickBooks for hotels and restaurants.

Their team has experts who have worked for different hotels and restaurants in maintaining daily sales using QuickBooks in an efficient manner. Meru Accounting is a well-known accounting services providing agency across the globe.