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Agustin Bax
Nov 18, 2024 1:06 PM UTC
Question

income

Hello everyone!

 

I have a restaurant and I have connected the bank account where I receive my income.

I have EZ Catering as a catering service and when I get deposited I only see the final number. In this case it is: $192.28

 

But all this corresponds to:

Food Total: $257.30
+ Delivery Fees: $30
+ Sales Tax: $3.08
- Commission: $43.10
- Payment Transaction Fee: -$8.68
- Marketing: $46.32

Paid by EzCater: $192.28

 

How should I do the split when I view the deposit in QuickBooks? Under which accounts should I enter each item?

I share the screenshot.

Thank you very much !

1 reply

DrandCr
DrandCr
Nov 19, 2024 11:54 AM UTC

Hello, 

 

As you mentioned the amount hitting the bank account does provide full details of the sale so we beed to enter the rest of the details as a Journal entry ( A single entry per month will do, i assume you will be able to get similar details about all orders from ezCater on monthly basis). 

 

Steps:

1, When the deposit shows up in the bank account, categorise it to a current asset account eg : ezCater receivable

2, When you get split of all orders in the month end, record a JE  as attached ( This should help you to record the income and expenses side of the sale correctly). 

 

Hope this helps, Do let me know if you have any questions. 

 

 

Pai 

Bookkeeper

 

 

 

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