The 10 Best Online Bookkeeping Services of 2022
Advances in technology in the last decade have made it easier for restaurants to track tips using the cloud. Especially cloud-based Point-of-Sale (POS) systems, which can track far more than just the each tip amount on each transaction. These POS systems can also be set up to automatically import the data directly into your cloud accounting and payroll software, which then updates your general ledger and employee wage records.
Most people that work in the front of the house in a NYC restaurant make a significant amount of their total income from tips. Many times, more so in casual restaurants, waiters and bartenders can be tipped directly from the customer they served. These tips normally come in the form of actual cash left or an added payment onto a check via a debit or credit card charge. These employees may then share or give a portion of their tips or gratuities to food runners, bussers, hosts or other staff members that contributed time and effort during the shift.
Best for Easy Set Up
Because it’s so customizable and user-friendly, it appeals to a wide variety of business types. You may decide to allow your waiters to keep their gratuities, and then tip out a certain percentage to support staff. Alternatively, you may just set up a tip pooling or sharing system all together. See your cashflow bookkeeping solution in real-time with online billing, banking & accounting. As mentioned above, being proficient in accounting software such as QuickBooks will increase your value. You can find online video instruction at lynda.com or you may also find courses on QuickBooks being taught at a local technical school near you.
The Forbes Advisor Small Business team is committed to bringing you unbiased rankings and information with full editorial independence. We use product data, strategic methodologies and expert insights to inform all of our content and guide you in making the best decisions for your business journey. Like Xero and QuickBooks, Sage Business Accounting’s reports are user friendly and very easy to read.
Advances in technology in the last decade have made it easier for restaurants to track tips using the cloud. Especially cloud-based Point-of-Sale (POS) systems, which can track far more than just the each tip amount on each transaction. These POS systems can also be set up to automatically import the data directly into your cloud…