talech.com's Revenue section provides a summary screen and five reports.
Concepts used within these reports include the following:
Gross Revenue is the sum total of revenue for items sold and paid for in-full. Items which have not been paid for in-full are not reported as revenue until the order containing the item is fully paid and move to the closed orders section.
Net revenue is the Gross Revenue - Discounts and Refunds.
While also collected by a business, the Gratuity, Tax, Tips and Gift Cards are not part of the revenue in any area of the reports. These are considered non-revenue items. talech will account for them but will never include them in any revenue figure.
Discounts in reports are the sum of item level and global discount.
Click a report below to learn more about this report.
The summary contains a table of payments (left) and a table for revenue and non-revenue items collected (right).
What is important to understand is this: payments and revenue are not equal and may not always balance to each other for the same amount. The key difference between how revenue items and payments are reported is in the difference between orders and payments themselves. As a payment is recorded, the payments table will update to reflect the paying in realtime. However with revenue items, the revenue (and by extension tax, tips, etc.) for an order will only be recorded on the date the order is closed. Thus an order which has been open from one business-day to the next (such as layaway orders) will show payments received as they are taken but will only report revenue on the date the order is closed (paid in full).
This can cause the payments table to show a higher total than the revenue table or vise versa. All other conditions equal, payments and orders will balance out over time provided all payments and associated orders are encompassed by the reporting period.
The Net Revenue & Receipts report is the primary report for which bookkeeping should be based. The downloaded version of the report provides a Summary similar to the summary shown at the top of the talech.com Reports page. The remainder of the report is broken down into the following sections:
|Taxes Summary||The total amount of taxable and non-taxable revenue collected. To the right of these 2 figures are the tax amounts collected for each tax rate in the account.|
|Taxable Revenue by Tax||The amount of revenue which this tax rate was applied to during transactions. Note: If an item is taxed under 2 tax rates at the same time, that revenue will appear for each tax-type. Thus the sum of this revenue should not be used for reporting the total revenue. The revenue amount is shown for cases where the revenue for a spcific tax rate must be reported independently of the overall stores revenue.|
|Gift Cards||The net amount of gift cards sold and the value of those sales|
The remainder of the report splits out the revenue, payments and taxes further. These tables will display their data by day (if the report spans multiple days) or by hour if a single date is selected.
The data within this report is taken directly from the receipts for orders and payments. To verify the payments, taxes or revenues you would simply need to download the relevant receipts from talech.com > Receipts and sum up the desired column.
This report only applies to Restaurant accounts at this time. The Revenue by Order Type report provides a breakdown of the overall revenues, tips, tax and gratuity for each order-type in the account (Dine-in, Togo, etc.) including custom order types.
This report essentially consists of the entire tax section from the Net Revenue & Receipts report. The spreadsheet contains:
|Taxes Summary||The total sum of taxes collected for each tax rate which applied during the reporting period.|
|Taxable and Non-taxable Revenue||Taxable/Non-Taxable Revenue is based solely on the items for which a tax rate was applied to at the time of sale. This report does not change based on the current settings applied to any product or category and does not know which items should be taxable or non-taxable according to laws applicable to your business.|
|Taxable Revenue by Tax||Identical to the metric of the same name in the 'Net Revenue & Receipts'|
|Purchases||The cost value of items added into inventory.|
|Taxes||The taxes collected (by day when multiple days are selected or by hour when one date is selected).|
The cash drawer report can help you keep your cash drawers in balance and accounted for. This feature logs many common drawer activities such as: no sale, cash sale, pay-in, pay-out and drops. You can also record tips paid or petty cash used to purchase supplies for the store (which are entered as a pay-out).
Unlike the other reports in talech which rollover at a specified report cut-off time, this report will continue to record on the currently open shift until it is closed. If the report spans multiple days, the report will contain all data lumped together. For this reason, if a shift is opened on Friday and continues to run until Sunday, there will be no report data for Saturday or Sunday since all data is contained in Fridays report.
Downloading this report is recommended in order to view all details about the shift including the timestamped audit trail which includes shift edits, drops, pay-ins and pay-outs along with the name of the user who performed each action. This helps ensure accountability for any unexpected discrepancies found when reconciling the reports.
To learn more about the Cash Drawer Management feature which must be enabled for this report to populate with data. For instructions to enable Cash Drawer Management, please see the help article 'Enabling Cash Drawer Management'. To learn about using this feature in the register, please see 'Cash Drawer Management (Shifts, Pay in, Pay out & Drops)'
This report delivers the quantity and value of gift card sales. Since this is tracked against gift card products created in the menu, a gift card product must have been sold during the reporting period in order for it to appear in this report. Furthermore, because this is the sale of the card product, this report does not provide the total value of activations.