Anonymous
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Hi,

 

Many people handle this by recording the total credit card charges (including tips) and the net cash (cash sales MINUS paid out credit card tips) on their daily sales entry.

 

This has the bonus of making your credit card deposits reflect your deposits to the bank (usually) AND the cash hitting your cash on hand or safe account being the actual cash you are supposed to have collected at the end of the night.

 

Typically, people who use this method (myself included) are recording tips by employee elsewhere and a part of the nightly cash-out process and tip-share/tip-out process.

 

Kristen Nies Ciraldo