...
Another example of needing an F&B Write-Off line would be when you have multiple dinner coupons. You don't want to have each coupon listed individually on the Reconcile screen, so you would create an F&B Write-Off line called Dinner Coupons. This line shows up as a link in the Reconcile screen, and when clicked takes you to a Detail screen where you would enter the information about the individual coupons.
Terms & Definitions
Description | (Entered manually) Identifies the item. |
Revenue | (Entered manually) Represents the total food revenue from the ticket or the write-off. The amount entered is debited from revenue account you configured. |
Tax | (Entered manually) Represents the amount of tax being adjusted. The amount entered is debited from the sales tax liability account you configured. |
Tip | (Entered manually) Represents the amount of the tip, if there was a tip signed to the charge. Tips are expensed as the full amount. |
Total Ticket | (Calculated) Represents the total of the ticket as calculated by adding the Revenue, Tax, and Tip. |
COG% | (Entered manually) Represents a standard food cost percentage that calculates the portion of the adjusted revenues that is going to be credited to cost of goods. |
Cost of Goods | (Calculated) Represents a standard food cost that is a portion of the adjusted revenue credited to cost of goods and debited to the promo account. The calculation is: Revenue multiplied by COG% which represents a standard food cost that is a portion of the adjusted revenue credited to cost of goods and debited to the promo account. |
Expensed | (Calculated) Represents the total expense (food credit and the entire tip) that will be debited to the account you selected. |
Promo Account | (Entered manually) Represents the account number to which the the adjusted meals should be expensed. |
...
- Click on the link for the F&B line to which you wish want to add details.
- Enter a Description, Revenue, COG%, Tax, and Tip.
- Click the ellipses and select a Promo Account from the list.
- Click Add.
- Click OK.