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Financial - Financial Reporting

  • Financial Week Starts On: Select the day on which the financial week begins for your organization.

  • Day Begins At: Enter the time at which the financial day begins.

    A financial day is considered as the 24 hour period beginning at this time.

  • Sales Variance Cost: Select the sales figure to be used in Sales Variance reports and Budget settings.

    The sales figures available as options are:

    • Net Sales: Found in Cash Sheet > Summary, it is obtained after subtracting deductions from the adjusted gross.

      Net Sales = Adjusted Gross - Deductions

      OR

      Net Sales = Gross Sales - Non-Food Sales - Tax^ - Deductions

    • Adjusted Gross: Found in the Cash Sheet > Summary page, it is obtained after deducting the Tax^ and a few other items* (depending on how your POS is set up) from the gross sales.

      Adjusted Gross = Gross Sales - Non-Food Sales - Tax^