This article will explain the key differences when viewing your Remit Report versus your Gross Sales Report.
Gross Sales Report
- Reflects ALL sales that run through the ClubReady site (including external (cash and check) transactions.
- The limitation is that it does not pull any transaction fees or ClubReady and Chain fees (if applicable).
- Credit on account sales will be counted twice if the original purchase was refunded as credit on account.
- Voids pull into the Gross Sales report but do not on the Remit report.
- Live report and can change from day to day based off the activity.
Remit Report
- Static report and is the report you will use to reconcile your bank account and the report you should use for all accounting and tax purposes.
- Your Remit will be the source for all transaction fees, ClubReady and Chain fees (if applicable) and any adjustments on a specific remit cycle.
- The remit report is the exact amount your deposit should be to reconcile back to your bank statements.
- The remit report has a cutoff time.
- Example: A paid invoice dated 05.16.22 will appear on the Gross Sales 05.16.22 report, however the remit paid invoice log will move it to the 05.17.22 remit if it's past the cut off time zone. The invoice paid after the remit cutoff time will appear on the next remit.
- You will see the date paid on the remit and be able to tie back to the Gross Sales if the correct date ranges are selected.
- Shows external payment transactions that were not processed through ClubReady. These external sales are part of your Gross Sales report but are not included with your Remit deposits.
- The adjustments tab on the Remit will contain debit or credit amounts that you will need to account for as either an expense or revenue.