P&L Generation

[jtmiller09]

Hello, 

I am writing to inquire on best practices for building P&L's using Toast data.  I currently use quickbooks online and import banking information (Income/Expense) to generate our P&L.  Obviously this has it's issues with capturing the correct sales data, as it is only capturing deposited sales vs. system sales.   Things such as credit card tips, cash tips and not backing out sales tax skews the financials when looking at labor and cogs.  Appreciate any feedback you have.  I would think there is an integration or tool within toast to make this much easier, aside from ExtraChef. 

[Rob]

The only tools I've seen that handle P&L are xtraChef and maybe Restaurant 365. Toast used to have an inventory module but this was removed.

xtraCHEF: Operating Summary
Get Started With the Restaurant365 Integration
Integrate Toast with QuickBooks

[pizzashop]

My day job is a software engineer and I’ve written something on my own that’s in the early stages as we had this exact same need and I got tired of doing all the manual math for our books. 

I can now in about 2 minutes update all our sales, discounts, accounts receivables (Toast, DoorDash, Uber, GH, House), labor, as well as update liabilities for gift cards, sales tax, etc.  Downloads from toast and goes into quickbooks and in a couple minutes, I have super detailed and accurate P&L/balance for month. 

Thinking about productizing something as there’s clearly a need here. Would be great to know if you’d be interested in a tool like this and if it would be something you’d pay for (or anyone else reading this)