This article is part of the series “Discovering All Features of the Gokasa Software,” where we dive into each tool that helps you streamline your operations and increase sales.
What are Financial Reports and Why Are They Important?
Financial reports in Gokasa POS software are tools that help businesses track and summarize revenue accurately according to specific time periods. This feature is essential for stores that need to manage their finances effectively.
Key Features of Gokasa Financial Reports
1. Creating revenue summary tables
Gokasa software allows you to create revenue summary tables in two ways:
- By days: Helps check actual daily revenue for regular business management
- By months: Particularly useful for VAT tax returns and creating periodic financial reports
2. Managing multiple stores with one tax ID
If you manage multiple stores with the same tax ID, all stores will be listed in the “cash registers” section. Simply check the stores you want to view summary reports for, saving time and increasing management efficiency.
3. Flexible time period selection
Gokasa allows you to flexibly select time periods for revenue summarization – by days, months, and years. After creating the report, you can immediately print it and hand it to your accountant for processing.
4. Detailed report filtering features
The software provides many report filtering options for specific revenue analysis:
- Filter by product groups: View revenue from individual product types
- Filter by employees: Evaluate sales performance of each employee
- Filter by payment method: Analyze revenue through cash, cards, terminals…
Explanation of Important Indicators in Reports
Basic revenue indicators:
- Total Revenue: Including VAT, showing the total amount obtained
- Total VAT: Total VAT amount to be paid
- Tips: Amount customers added as tips or gratuity
- Total Revenue (excluding tips): Total revenue minus tips
Categorization by VAT rates:
- Value excluding tax (21%): Total revenue from sales of goods with 21% rate
- VAT 21%: VAT amount from goods with 21% rate
- Value excluding tax (12%): Total revenue from sales of goods with 12% rate
- VAT 12%: VAT amount from goods with 12% rate
- Value excluding tax (0%): Total amount from tax-free goods
Revenue Categorization by Financial Status
All revenue
The summary table will include all revenue with both financial and non-financial transactions, providing an overall view of the business situation.
Fiscal only
Counts only revenue from financial transactions, serving directly for accurate tax returns.
Benefits of Using Gokasa Financial Reports
- Time Savings: Automates revenue summarization, minimizing errors
- High Accuracy: Automatically calculated data ensures precision
- Easy Tax Filing: Clear categorization by VAT rates
- Efficient Management: Track business performance by multiple criteria
- Accounting Support: Reports can be printed immediately for working with accountants
Conclusion
Financial reports in Gokasa software are an essential tool for businesses that want to manage finances professionally. With powerful features and a user-friendly interface, the software makes revenue tracking and tax filing simpler and more accurate than ever before.
If you’re looking for an effective revenue management solution, try Gokasa’s financial reports feature now to optimize your business’s financial processes.
Follow the “Discover All Gokasa Software Features” Series
Don’t miss the next articles in this series! We’ll continue sharing detailed guides on other Gokasa features that will help you become a professional user and optimize your business efficiency.
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