Automate Accounting for Toast

Toast POS is a cloud-based restaurant management software that helps restaurants streamline operations, increase efficiency, and improve customer experience. It is popular among restaurants of all sizes, from small cafes to large chains.

Toast Sales Summary

Bookkeep enables you to integrate your Toast POS to automate journal entry postings, simplifying the accounting process.

Daily Sales Summary Journal Entry

For Toast, Bookkeep offers a daily sales summary journal entry that posts the sales from the prior day to your accounting platform. This entry captures everything from gross sales down to net sales, including discounts, refunds, and other adjustments. Additionally, this journal entry breaks down payments by tender type, such as cash versus credit card payments. Bookkeep captures all orders except those with a status of open, voided, denied, or error.

If you need help establishing the connection to Toast, visit this article.

note

Bookkeep does not capture older orders that are refunded. For example, if an order is refunded on the same day as the sale, Bookkeep will record it. However, if a sale occurred on 7/31 but was refunded on 8/10, Toast does not share that information for older refunds.

::info Additionally, Toast does not share any deposit sales collected. This is a limitation of the data shared by Toast. :::

Below is an example entry posted by Bookkeep:

Benefits of Automating Accounting for Toast

Time Savings

With Toast POS accounting automation, businesses can save time on manual data entry by automating the process of recording sales transactions. This reduces errors and frees up staff time for other tasks.

Accurate Financial Records

Automating accounting processes ensures accurate financial records, helping businesses make informed decisions about their finances, such as understanding cash flow and identifying trends in sales.

Cost Savings

By streamlining accounting processes, businesses can save on staffing costs and reduce the risk of errors that can lead to financial losses. Overall, Toast POS accounting automation helps businesses streamline operations, save time and money, and provide better service to their customers.

If you have any questions regarding our Toast integration, please write to us at support@bookkeep.com.