topic Re: Splitting daily credit card settlements in Back Office & Team

Splitting daily credit card settlements

bodega — Mon, 07 Aug 2023 14:25:22 GMT

Toast should allow daily credit card settlements to deposit into multiple bank accounts. I want a 60/40 split so one bank account can be saving money for payroll and taxes.

Re: Splitting daily credit card settlements

Rob — Mon, 07 Aug 2023 15:56:04 GMT

Hi @bodega, thanks for reaching out about this! I do not believe this functionality is available. I have informed my team about your request and I will provide an update to this post if a workaround becomes available!

Re: Splitting daily credit card settlements

Rob — Thu, 10 Aug 2023 21:11:56 GMT

Hi @bodega I was incorrect, you can split your deposits! This article explains how!

Toast Payroll: Managing Direct Deposits

Re: Splitting daily credit card settlements

bodega — Fri, 08 Sep 2023 18:35:53 GMT

Hi Rob. You misunderstood me. I would like for credit card settlements to go to two bank accounts, not payroll deposits.

Re: Splitting daily credit card settlements

Rob — Fri, 08 Sep 2023 20:51:22 GMT

Hey @bodega, sorry about that confusion; it looks like my first answer is correct. We don't offer this functionality yet, but I informed my team of the desire for this request. If I learn any new info, I will update you!

Get Help with Credit Card Deposits