Accounting summary report (v2)
Disclaimer
This article is only for the latest version of Zenoti Reports. Do not compare the data in this version with the data in the previous version.
Accountants can use this report to get an overview of sales, liabilities, receivables, redemptions, collections, discounts, and miscellaneous expenses made at a center. You can also reconcile the collections with bank deposits and file taxes.
At the organization or center level, click the Reports icon.
On the Reports page search for and select the Accounting Summary report.
If the report has many columns, scroll horizontally to the right or left to view all columns.
To view specific data on the report, select the desired filters. For more information, refer to report features on Zenoti.
Click Refresh.
If you generate the report for over a year, click the Email button.
At the organization or center level, click the Reports icon.
Search and select the required report by entering the report name.
If the report has many columns, scroll horizontally to the right or left to view all columns.
To view specific data on the report, select the desired filters. For more information, refer to report features on Zenoti.
Click Refresh.
If you generate the report for over a year, click the Email button.
Note
If the Value checkbox is not selected, you will not see the Value column on the left side of the report and the Sales Realizedcolumn on the right side of the report.
You can generate the report using the following filters:
Filter | Description |
|---|---|
Invoice status |
|
If guests purchased items using liabilities (with tax), the Exc-Tax and Inc-Tax columns will show the same value.
Examples
Liability | Sale | Exc-Tax | Inc-Tax | Reason |
|---|---|---|---|---|
Gift card $100+ $ 10(tax) | Hair shampoo of $50 with $5 tax | $50 | $50 | $5 tax on the hair shampoo was already charged on the purchase of the gift card |
Package | A $100 package was sold with 10 services of $15 each. The Exc-Tax and Inc-Tax sales for the service is $10 each. | |||
Loyalty points $100 | $105 hair shampoo was purchased | $50 | $50 | loyalty points redemption configuration is set to Pre-Tax Amount |
Tax exemption | $60 hair shampoo (including $10 tax) was purchased at $50 | $50 | $50 | $10 tax was exempted |
Sales section
Sales include both open and closed invoices.
Column Name | Short Description | Details and Examples |
|---|---|---|
Service | ||
Sales | Total revenue generated from services within the selected time period. | Total revenue generated from services within the selected time period. |
Refunds | Total amount refunded for services within the selected time period. | Total amount refunded for services within the selected time period. |
No show Fees | Total amount collected from guests for missed appointments. | Total amount collected from guests for missed appointments. |
Cancellation Fees | Total amount collected from guest cancellations. | Total amount collected from guest cancellations. |
Products | ||
Sales | Total amount collected from selling products. | Total amount collected from selling products. |
Refunds | Total amount refunded for return of retail products. | Total amount refunded for return of retail products. |
Classes | ||
Sales/Fees | Total amount collected from memberships sold within the selected time period. | Represents the total value of memberships sold within the selected date range. This amount includes only memberships that have no remaining liability, meaning there are no unused service benefits or outstanding credit amounts during the chosen period. |
Refunds | Total amount refunded for memberships and membership setup fees within the selected time period. | Total amount refunded for memberships and membership setup fees within the selected time period. |
Membership Fee (memberships without service and credit benefits) | ||
Recurring Sales/Fees | Total amount generated from the sale of recurring memberships within the selected time period. | Total amount generated from the sale of recurring memberships within the selected time period. |
Freeze Fees | Total amount collected as fees for freezing recurring memberships. | Represents the charges collected when customers choose to temporarily suspend their recurring memberships. The total includes amounts recorded in both open and closed invoices. |
Setup Fees | Total amount collected for membership setup within the selected time period. | Represents the total amount collected for establishing memberships. The total comprises fees from both open and closed invoices during the chosen timeframe. |
Sales | Total amount collected from the sale of memberships within the selected time period. | Represents the total worth of memberships sold during the selected date range. It reflects closed invoice sales and excludes charges, recurring sales, and refunds. |
Sales Tax section
When an item is paid using a liability, the Amount column includes tax amount based on whether the liability was purchased with or without tax.
Sale is taxable: The item was paid using a liability, and the liability was purchased without tax, then the guest is charged the tax, which you can see in the Amount column.
Sale is not taxable: The item was paid using a liability, and the liability was purchased with tax, then the guest is not charged any amount. In the Amount column, you will see zero.
Sale is partially taxable: The item was paid using a cash equivalent and a liability, the taxable amount is calculated based on whether the liability was purchased with or without tax.
Example: Ana purchased a $110 ($100 + $10 for tax) hair shampoo at $105. She paid $50 in cash and the remaining $50 using a membership (purchased with tax). The tax amount is split between the two payments. As the membership was purchased with tax, Ana paid $5 as tax for the cash payment. In the Amountcolumn, you will see $5.
Liability section
Liability is the amount a business owes to its guests for the payment it has already received. The liability is settled by providing a service or a product to the guest.
Column Name | Short Description | Details and Examples |
|---|---|---|
Memberships (with service benefits, credits, or both) | ||
Sales | Total amount collected from the sale of memberships within the selected time period. | Represents the total worth of memberships sold during the selected date range. It reflects closed invoice sales and excludes charges, recurring sales, and refunds. |
Recurring | Total amount collected from recurring memberships sold during the selected time period. | Represents the total worth of recurring memberships sold during the selected date range. It includes only sales from closed invoices. |
Refunds | Total amount refunded for memberships within the selected time period. | Represents the total value of memberships refunded in the chosen timeframe. The total reflects only refunds recorded in closed invoices. |
Packages | ||
Sales | Total worth of packages sold during the date range | |
Refunds | Total worth of packages refunded during the date range | |
Prepaid Cards | ||
Sales | Total worth of prepaid cards sold within the selected time period. | Represents the total worth of prepaid cards sold during the selected date range. It includes sales from both open and closed invoices and excludes any refunded amounts. |
Refunds | Total worth of prepaid cards refunded within the selected time period. | Represents the total worth of prepaid cards refunded during the selected date range. It includes refunds processed through both open and closed invoices. |
Issued by Refund | Total worth of prepaid cards issued while refunding items within the selected time period. | Total worth of prepaid cards issued while refunding items within the selected time period. |
Gift Cards | ||
Sales | Total worth of gift cards sold within the selected time period. | Represents the total worth of gift cards sold during the selected date range. It includes sales from both open and closed invoices and excludes any refunded amounts. |
Promo Gift Card | Total worth of promo gift cards issued within the selected time period. | Total worth of promo gift cards issued within the selected time period. |
Refunds | Total worth of gift cards refunded within the selected time period. | Represents the total worth of gift cards refunded during the selected date range. It includes refunds processed through both open and closed invoices. |
Advance/Unearned Sales | Total amount collected within the selected time period for future appointments. | Represents payment collected in advance during the selected date range for appointments scheduled in the future. It reflects cases where the sale date is later than the collection date. |
Loyalty Points | ||
Accrued | Total value of loyalty points accrued within the selected time period. | Total value of loyalty points accrued within the selected time period. |
Added Manually | Total worth of loyalty points manually added within the selected time period. | Total worth of loyalty points manually added within the selected time period. |
Refunded | Total worth of loyalty points refunded within the selected time period. | Total worth of loyalty points refunded within the selected time period. |
Register Closure section | ||
Opening balance | Cash in all registers at the start of the day. | Amount in all the cash registers at the start of the day |
Cash | Transactions paid with cash. | Total cash amount collected and submitted from all the cash registers |
Card | Transactions paid with cards. | Total amount collected using cards from all cash registers and submitted |
Cheque | Transactions paid with cheques. | Total amount collected in check from all cash registers and submitted |
Custom | Amount received via custom payment methods. | Total amount collected using custom payment from all cash registers and submitted |
Cash deposit | Cash submitted to the register or vault. | Total cash deposited and submitted from all the cash registers |
Cash Added | Float cash added to the register at start or during the day. | Amount of float cash added at the beginning of the day or during operating hours. |
Cash Transferred | Excess cash moved from one register to another. | Excess cash transferred from one register to another mid-day. |
Petty Cash | Cash used for minor purchases or daily operational needs. | Cash paid out for minor purchases or inventory restocking during the day. |
Cashback Amount | Cash returned to guests during a card transaction. | Cashback issued to guests as part of card payment transactions. |
Card Adjustment | Adjustments made to reconcile card payment discrepancies. | Adjustments made to card transactions to reconcile differences between expected and collected card amounts. |
Other fees
Other fees include shipping charges and associated fees to seamlessly reconcile accounts.
Column Name | Short Description | Details and Examples |
|---|---|---|
Other fees | ||
Shipping charge | Total amount collected from shipping charges for products delivered to guests. | Total amount collected from shipping charges for products delivered to guests. |
Center Collections section
Collections are based on the date on which payments are collected that includes past dues and advance amount for future sales.
Column Name | Short Description | Details and Examples |
|---|---|---|
Center collections | ||
Cash | Net amount collected in cash within the selected time period. | Net amount collected in cash within the selected time period. |
Card | Net amount collected through card payments within the selected time period. | Net amount collected through card payments within the selected time period. |
Cheque | Net amount collected via cheques within the selected time period. | Net amount collected via checques within the selected time period. |
Custom | Total amount collected from financial and non-financial custom payments excluding refunds within the selected time period. | Represents the difference between the total amount collected and the total amount refunded for both financial and non-financial custom payments made for sales at the current center. Financial custom payments may include methods like bank transfers or mobile wallet payments configured as custom options, while non-financial custom payments might include loyalty point redemptions or complimentary services provided. The value reflects net collections after any refunds in these categories. |
Center Redemption section
This section shows the amount redeemed using liabilities sold at the current center.
In the Cross-Center Redemption section, you can view the value of liabilities sold at other centers but redeemed at the current center.
Column Name | Short Description | Details and Examples |
|---|---|---|
Center redemptions | ||
Memberships | Total amount redeemed from memberships with service benefits, dollar credits, or both within the selected time period. | Represents the total amount redeemed from memberships with service benefits, dollar credits, or both during the selected date range. It includes the value of dollar credits used for item sales, the prorated value of redeemed service benefits, and sales realized as the prorated sale amount for items where membership credits are applied, reflecting the value redeemed from memberships at the center. |
Packages | Prorated amount redeemed from packages within the selected time period, excluding initial revenue recognition (IRR) percentage if enabled. | Represents the prorated amount redeemed from packages during the selected date range. If IRR is enabled for packages, the sales realized is calculated excluding the IRR percentage. |
Prepaid Cards | Value redeemed from prepaid cards within the selected time period. | Represents the amount redeemed from prepaid cards during the selected period. If the value of a prepaid card exceeds or differs from its purchase price, sales realized are calculated on a prorated basis for the items where the card’s benefits are used. |
Gift Cards | Value redeemed from gift cards within the selected time period. | Represents the value redeemed from gift cards during the selected date range. If the value of a gift card differs from its purchase price, the sales realized reflects the prorated sale amount for the items where the benefits are redeemed. |
Advance | Value of advance payments applied to services performed within the selected time period. | Value of advance payments applied to services performed within the selected time period. |
Loyalty Points | Total worth of services paid for using loyalty points within the selected time period. | Total worth of services paid for using loyalty points within the selected time period. |
Cross-Center Redemption section
This section shows the amount redeemed from liabilities sold at other centers but redeemed at the current center.
In the Center Redemption section, you can view the value of liabilities sold at and redeemed at the current center.
Column Name | Short Description | Details and Examples |
|---|---|---|
Cross center redemptions | ||
Memberships | Total worth of membership redemptions at centers different from the original sale location of that membership. | Total worth of membership redemptions at centers different from the original sale location of that membership. |
Packages | Total worth of packages used at centers different from the one where it was purchased. | Total worth of packages used at centers different from the one where it was purchased. |
Prepaid Cards | Total worth of prepaid cards used at centers different from the one where it was purchased. | Total worth of prepaid cards used at centers different from the one where it was purchased. |
Gift Cards | Total value of gift card redemptions at centers different from the one where it was purchased. | Total value of gift card redemptions at centers different from the one where it was purchased. |
Loyalty Points | Total value of loyalty points redeemed at centers different from the one where the loyalty program was purchased. | Total value of loyalty points redeemed at centers different from the one where the loyalty program was purchased. |
Receivables section
Receivables is the amount the guests owe to the business for the item that is already purchased. This also includes the amount the other centers owe to the current center due to cross-center redemption.
Note
If you generate the report for a date range, you can see the amount for the past sales in both the Receivables – Paid and Receivables – Dues columns.
Column Name | Short Description | Details and Examples |
|---|---|---|
Receivables -Paid | Total amount collected for earlier receivables, including taxes. | Total amount collected for earlier receivables, including taxes. |
Receivables - Dues | Total amount due, including tax, for unpaid invoices from prior periods. | Represents the total amount due, including tax, for all items sold where payment has not yet been collected from prior periods. The receivables shown reflect dues for the day, and if the report is generated for a date range, some of this amount may already have been paid, which is captured under the Receivables - Paid section. |
Collections for other centers section
This section shows the total amount collected at the current center for the items sold in other centers (in the past).
Column Name | Short Description | Details and Examples |
|---|---|---|
Collections for other centers | ||
Cash | Total cash collected at this center for the sales at another center, excluding the refunds. | Total cash collected at this center for the sales at another center, excluding the refunds. |
Card | Total payments collected via cards at this center for the sales at another center, excluding the refunds. | Total payments collected via cards at this center for the sales at another center, excluding the refunds. |
Cheque | Total payments collected via cheque at this center for the sales at another center, excluding the refunds. | Total payments collected via cheque at this center for the sales at another center, excluding the refunds. |
Custom | Total amount collected via financial and non-financial custom payments at this center for the sales at another center, excluding the refunds. | Represents the net amount collected through financial and non-financial custom payment methods at the current center for sales made at other centers. It reflects the difference between the total collected and the total refunded amounts for these custom payments. |
If your business does register closure on a daily basis and you are comparing the collections for the same day, the steps to reconcile collections with bank deposits are as follows:
Step 1: Reconcile collections with register closure
On the Close Payment screen, verify that Expected Amounts in the register matches with center collections in the the Accounting Summary report.
Note
You can see the payments made by card and check in the register closure on the same day, however, the amount will reflect in your bank account depending on the third-party pay-outs.
If your business maintains multiple registers, verify that the sum in Expected Amounts of all the registers matches with the center collections.
Example: Let’s say that your center maintains two registers, Register1 and Register2 for Los Angeles:
Register1 - Expected Amounts (cash collected) = $534
Register2 - Expected Amounts (cash collected) = $621
Sum of Expected Amounts (cash collected) = $534 + $621 = $1155, which you can see in the Cashcolumn of center collections
If your business also collects payments for the sales made in other centers,
Sum of Expected Amount = Center Collections + Collections for other centers
Step 2: Identify the cash expenses made by the business in register closure
If your business uses cash for employee payouts or for petty cash, you can see these expenses under Cash paid out and To petty cash respectively.
However, if your business maintains multiple registers, calculate the sum of Expenses(Cash paid out + To petty cash) from all registers.
Step 3: Reconcile Expected Amounts with Actual Amount in the register
Expected Amounts - Cash Total
The net amount calculated by deducting the expenses from the cash collected.
Cash Total = Cash collected - Expenses(Cash paid out + To petty cash)
Actual Amount - Cash
The net amount that is physically present in the register.
Cash = Opening Balance + Cash collected for the day
Generally, Expected Amounts match with Cash collected for the day. If there’s any missing cash from the register, you can see that amount in Adjustments.
You can see the payments made by card and check in the register closure on the same day, however, the amount will reflect in your bank account depending on the third-party pay-outs.
If your business maintains multiple registers, verify that the sum in Expected Amounts of all registers (Close Payment screen) matches with the sum in Cash collected for the day for all registers.
Step 4: Verify the bank deposit in register closure with the bank statement for the day
If your business decides some amount to be deposited in the bank from the register, you can see that amount in Cash Deposit (in Register Handover). This must match the cash amount in the bank statement for the day. The remaining amount will be carried forward as Closing Balance.
Closing Balance = Actual Amount - Cash Deposit
If your business maintains multiple registers, verify that the sum in the Cash Deposit box of all registers matches with the cash amount in the bank statement.
