Consult your Bookkeeper or Accountant before linking your Chart of Accounts with Idealpos.
Below is an example of the various POS Functions that map to the Chart of Accounts in Quickbooks.
|
Account Name |
Type |
Detail Type |
|
|
|
|
| Undeposited Funds | Current assets | Undeposited Funds |
| Mastercard | Current assets | Other current assets |
| Amex | Current assets | Other current assets |
| Diners | Current assets | Other current assets |
| EFTPOS | Current assets | Other current assets |
| Food Sales | Income | Sales - Retail |
| Beverage Sales | Income | Sales - Retail |
| Function Sales | Income | Sales - Retail |
| Miscellaneous Sales | Income | Sales - Retail |
| Retail Sales | Income | Sales - Retail |
| Fruit & Veg Sales | Income | Sales - Retail |
| Food Purchase | Cost of Sales | Cost of Sales |
| Beverage Purchase | Cost of Sales | Cost of Sales |
| Miscellaneous Purchase | Cost of Sales | Cost of Sales |
| Retail Purchase | Cost of Sales | Cost of Sales |
| Fruit & Veg Purchase | Cost of Sales | Cost of Sales |
| Admin Fees | Expenses | Shipping and delivery expense |
| Freight & Courier | Expenses | Shipping and delivery expense |
| Variance | Expenses | Other selling expenses |
| Account Adjustments | Expenses | Other current operating charges |
| Layby Adjustments | Expenses | Other current operating charges |
| Layby Cancel Fees | Other Income | Other operating income |
| Tips In/Out | Other Income | Other operating income |
| Paid In/Out | Other Income | Other operating income |
| Unallocated Payments | Current liabilities | Other current liabilities |
| Room Charge | Current liabilities | Other current liabilities |
| Layby | Current liabilities | Other current liabilities |
| Gift Voucher | Current liabilities | Other current liabilities |
| Credit Note | Current liabilities | Other current liabilities |
| Rounding | Expense | Other selling expenses |