It's great to see you're taking steps to ensure accurate bookkeeping for your restaurant using a POS system, Michelle.
To simplify managing your POS data in QuickBooks Online, start by confirming whether your POS system integrates directly with QuickBooks Online. Many systems offer this feature, enabling automatic imports of your Z report data (daily sales summaries) into QBO.
Alternatively, you can manually record your daily sales totals.
Accurately tracking complimentary meals is essential for tax compliance, as the method used to account for them can influence your tax obligations. Additionally, QuickBooks Online vendor profiles can simplify expense management by helping you organize and maintain detailed records for food and supplies.
For more streamlined financial management, we recommend working with a restaurant-focused QuickBooks ProAdvisor or accountant. They can help you set up an optimized Chart of Accounts, track your Cost of Goods Sold (COGS), and map your POS system for smooth integration with your accounting.
If you have any further questions or require additional assistance, please add a comment below. We are here to help.
