Pre Paid Deposits

PerkyKettle — Tue, 28 Jun 2022 12:59:17 GMT

We take a pre-paid deposit for group reservations and then credit them to the tab. When we take the deposit we do not charge tax or the mandatory 20% gratuity. At this time to apply the deposit to the final check we split the check so that the deposit is one payment and the remaining balance is another. This allows tax and tip to be calculated on the full bill. We post the payment in the "other" category however this results in a false double payment in our system (the initial pre-paid deposit and the "other" payment). Is there a better way to do this that will still allow the tax and tip to be calculated on the total bill. (We tried discounts etc but those reduce the tax and tip). What we really need is a payment category that essentially allows a pre-paid deposit to be applied without increasing our revenue or decreasing tax and tip calculation. We hope square adds this feature or if someone has figured this out please let us know. Thanks.

Re: Pre Paid Deposits

LukeNieuw — Wed, 29 Jun 2022 14:37:57 GMT

Hi @PerkyKettle

Are you using Square Invoices when you take deposits?

Re: Pre Paid Deposits

PerkyKettle — Wed, 29 Jun 2022 16:29:46 GMT

No we use Square Restaurant and the pre-paid deposit is an item in our restaurant.

thread Re: Pre Paid Deposits in Food & Beverage

Pre Paid Deposits

Re: Pre Paid Deposits

Re: Pre Paid Deposits