Meeting with Bryan to talk about tips and how to record and take them through the full process. Often tips are done via cash and not even part of the system. However, if credit card transactions are part of the mix, then we have to be able to handle tips and helping that money flow across all of the financials without leaving huge holes. We went through a number of different options and ways of doing it. I imagine that it will end up being a setting or series of settings as to how it runs through the system. We covered cash payouts, actually setting up individual tip jars per person (special accounts), negative receivables (credit), adding in a "tips" money type, showing a liability back out to the employees, etc. Lots of scenarios.

We were drawing on the screen using GoToMeeting drawing tools and also using a tool we call the financial flow calculator. We have a version inside the system and also built a free version outside of the secured environment. No data gets entered into the database, it is just a scratch or worksheet type calculator. Anyways, we used it to track the pieces through the P&L and the balance sheet. Lots of cause and effect relationships. This little tool is a great helper for those type of things.

Here is a link to the free - public version of the financial flow calculator. Great little training tool.
https://data0.adilas.biz/financial_flow_calculator.cfm - free financial flow calculator
https://data0.adilas.biz/top_secret/help.cfm?id=363&pwd=flow - help file for the financial flow calculator