Your Point of Sale (POS) receipts, cash register receipts, sales ledger, etc must match what you are reporting per VA ABC Authority’s requirements.
Sales must be broken down into daily, weekly, AND monthly reports. In addition, every single sales ticket (to include cash sales and buffet tickets) must be kept, and attached, to your daily report.
Report should indicate the following:
Sales
- Entrees (items with sides, buffet, or substantial meals such as pizza or 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 minimum sale requirement or ratio.)
- Miscellaneous (hookah, tobacco, calendars, shirts, etc)
Purchases
- Food and Non-Alcoholic Beverages
- Wine & Beer
- Mixed Beverages
- Miscellaneous
If you take nothing else from this article, take THIS: Your Mixed Beverage Requirements:
- Entrees: $2,000 (Dine In)
- Total Food: $4,000 (Dine In)
Your Wine and Beer Requirements:
- Entrees: $1,000 (Dine In)
- Total Food: $2,000 (Dine In)
Totals reported must match what is reported to the VA Dept. of Taxation. You should keep sales records for 2 years.
Do you have more questions? ABC Consulting offers year-round consulting services for our retail clients – training (online and on-site), hearing preparation, reporting assistance, MBAR. Let’s talk! 800.785.0161
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