Recordkeeping when you are dealing with a deadly serious entity like VA ABC Authority should not be taken lightly. ABC Consulting works with clients, on a daily basis, that become filled with dread as they haven’t been able to keep up with record keeping or training their employees. ABC Consulting is a team of subject-knowledge experts who are true professionals, well versed in the ins and outs of VA ABC Authorities. We offer a complete line of education and consulting services and with years of experience in the business and as the CEO of ABC Consulting, I continue to gain skills, experiences and connections that help me to understand and explain how vitally important record keeping is. This article will give you the highlights. Keep your Point of Sale (POS), cash register, sales ledgers – broken down into daily, weekly, and monthly reports. Every sales ticket (to include cash sales and buffet tickets), must be kept and attached to your daily report. Each report should indicate the following:
Sales
- Entrees (items with sides, buffet, or substantial meals such as spaghetti)
- Other Food (appetizers, side items, desserts)
- Non-Alcoholic Beverages (soda, tea, coffee etc.)
- Wine & Beer (this is the only category that can be combined)
- Mixed Beverages (this include liquor, shots, mixed drinks, and mixers)
- To Go (these items cannot count towards your minimum sale requirement or ratio.)
- Miscellaneous (hookah, tobacco, calendars, shirts, etc)
Purchases
- Food and Non-Alcoholic Beverages
- Wine & Beer
- Mixed Beverages
Miscellaneous
Sales total must be less sales tax and not include Discounts/Comps. For example:
- $10.00 Burger
- + $1.00 Sales Tax
- = $11.00
- – $5.00 Employee Discount
- (Therefore, your Reported Sales Amount is $5.00)
Mixed Beverage Minimum Requirements
- Entrees is $2,000
- Total Food is $4,000
Wine and Beer
- Entrees is $1,000
- Total Food is $2,000
All totals reported must match what is reported to the VA Dept. of Taxation. Keep sales records for 2 years. How can we help? : 800.785.0161
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