Choosing Sales Posting Method, which is best for my business?
After connecting your accounting software to Shogo you will need to select a sales posting method. Shogo offers three types of sales posting methods. Each type offers a different level of accounting detail. You will select the method type POSTED to your accounting software, which provides the level of detail and information you need.
Journal Entry: Enters sales by category, taxes, payments and cash operations to accounting file as a single journal entry. This entry is streamlined, reporting data directly to the General Ledger/ Chart of Accounts.
Enter Sample Journal Entry
Sales Receipt: Enters sales by category, taxes, payments and cash operations to accounting file as a single sales receipt. This posting method is item based; items are then attached to an account on the General Ledger/Chart of Accounts. Use this option if you intend to use your accounting software sales tax reports rather than those from your Point of Sale
NOTE: The Point of Sale will track sales tax on each individual transaction. QuicBooks will take the total sales for time period and calculate the sales tax. This can cause a difference between the POS sales tax report and the QuickBooks sales tax report.
Enter Sample Sales Receipt
Itemized Sales Receipt: Enters sales by item and discounts as a single sales receipt. Taxes, payments and cash operations are entered as a separate journal entry. Offers the highest level of detail, it will provided data on each item sold, and is best if using POS for inventory control. This posting method while providing the highest level of detail, also requires the most work to maintain.
Note: If your Point of Sale provides the ability to do COGS/IA please refer to Point of Sale Help (Link) for additional details, specific to your POS.
Enter Sample Itemized Sales Receipt