GEM-CAR REPORTS

Recommended reports to run from your GEM-CAR - Daily

• End of Day Reports
• Summary Sales Report by Category  
• Payments by Method Report 
• Sales and Receipts Summary

Monthly Reports

•  Summary of Accounting Transactions report   (MOST IMPORTANT REPORT : track GL error and provides the GL entry for your accounting software )
•  Reprint End of Day Reports
•  Summary Sales Report by Category
•  Payments by Method Report
•  Sales and Receipts Summary
•  Summary List of Distributions
•  Deposit Journal
•  List of Invoices and Distributions (Supplier)
•  Summary of Distributions
•  Aged Accounts Receivable Report
•  Accounts Receivable Statement
•  Accounts Payable Aging
•  Check and Payment Log (Supplier)
•  Sales Report
•  Performance Reports

Summary Sales Report by Category sub-total should be equal to the Summary of Accounting Transactions, Sale transactions total, less tax, rebates and discounts on sales. 

See attached reports:

Summary Sales Report by Category sub-total is $1,618.15,

Summary of Accounting Transactions is $1,858.01, less tax of $210.36, less rebates of $25.00 and less discounts of $4.50 for revised total of $1,618.15.

Payment by Method Report – compare to statement from Debit Machine provider.

Summary List of Distributions by Client and by Supplier – to determine tax adjustments for month, tax to pay and tax to receive, ie  $210.36 less $125.12 = $85.24 to be remitted.

Use the Summary of Accounting Transactions Report for your monthly journal entry into accounting software

This FAQ was based on Laura Rastelli work, one of GEM-CAR's coaches and trainers.