In order to calculate the figures for the GM’s report, the following programs must be run on a daily basis (night audit).
•Store statistics
•Store revenues
•Cash journal/Store payments with repetition
•Guest account report
•City ledger balances
NOTE:
The revenues are stored on a daily
basis for the GM’s report. They are stored per revenue account, in gross and net
figures. In the report, the daily figures are added up per revenue account over
the requested period.
The daily report Revenue by revenue accounts stores the revenues per day and per revenue account in gross figures. When evaluating a longer period such as a whole year, SIHOT adds the gross revenues for this period and uses the VAT-factor to establish the net figures. This is the accounting approved method of calculating revenue.
It should be noted that, if you are comparing the net values of the GM’s report with the net values of the revenue reports (which are calculated back from the gross revenues), rounding differences may occur. The gross figures, however, should be equal.