Toast Deposit Math Not Adding Up

Scorched_Earth — Sat, 15 Jul 2023 02:22:58 GMT

I am in the process of reconciling Toast deposits into my bank for the month of June - dates 6/1 to 6/30.

When I pull up the reports for those dates, Toast shows Gross credit card payments made by customers of $91,963.63

$2,472.99 was pulled out of that for credit card processing fees - leaving a net deposit amount for credit card transactions of $85,583.31

Here is where I start to notice the discrepancy/imbalance:

When I subtract my net sales of $71,546.51, I am left with $14,036.80

When I subtract the sales tax amount collected with credit card sales of $5,438.67, I am left with $8,598.13

But Toast says I owe my servers $14,825 in tips paid by credit card

What am I missing here? Where would that remaining amount of $6,227.81 come from to make up the difference in credit card tips needing to be paid out?

I have scoured through all the reports and figures that I can think of to find this missing amount and cannot explain it. SOS!

Re: Toast Deposit Math Not Adding Up

Rob — Tue, 18 Jul 2023 14:35:48 GMT

Hi @Scorched_Earth, I will escalate your deposit questions. In the meantime, I have included some helpful articles below that are designed to assist you with your Deposit inquiries.

How to View Deposits and Compare Them to Sales
My deposits don't match my credit card sales

topic Re: Toast Deposit Math Not Adding Up in Back Office & Team

Toast Deposit Math Not Adding Up

Re: Toast Deposit Math Not Adding Up