If you're using a third-party aggregator (Checkmate, Chowly, etc.) to consolidate third-party sales channels, we suggest assessing your sales tax calculations to ensure the appropriate amounts are paid. Some aggregators do not capture promotions and pricing differences when pushing sales to the POS, resulting in a sales tax miscalculation in the POS reports. For example, you issue a 50% promotion on a $100 UberEats order, so the discounted total is $50 plus $5 sales tax. The aggregator may not push the 50% discount through so that the sale will get rung up in your POS at $100 with $10 sales tax owed. You will file sales tax based on the POS numbers and overpay sales tax by $5 for that order. The Toast direct integration may resolve this, but you should do a transaction-level review to confirm. Discrepancies between amounts received from third-party sales channels and the corresponding payment tender, as shown in the POS after considering the fees, are usually a good indicator that something might be wrong. #accountingtips #reconciling #thirdpartydelivery #restaurants #restaurantmanagement #accounting #bookkeeping #POS
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1moThis is such an important topic—thank you for highlighting the potential discrepancies in sales tax calculations when using third-party aggregators. The example you provided about discounts and tax mismatches underscores the need for transaction-level reviews to avoid overpaying taxes, which can add up quickly across multiple orders and platforms. I’d like to get your perspective on item-level tax strategies, especially when navigating delivery aggregators like Uber Eats. What’s the best approach to ensure consistency between their tax engine (e.g., Vertex) and the POS for item-level tax calculations? Any insights on how to effectively manage these discrepancies across multiple platforms would be greatly appreciated!