Clover Cash Discounting
CLOVER CASH DISCOUNTING - For customers that use clover cash discounting that are on a daily deduct of that cash discounting rate. There is no where to get what their actual credit/debit card deposit should be.
The only way to figure out that actual deposit for daily rate deduct accounts is to use this formula. Say its a **** % cash discount account. Debit + Credit - **** % = actual deposit.
This also inflates net sales due to net sales populating that extra **** % on cards. That **** % is an an adjustment so it could be in gross but should be broken apart separately when it comes to your net.
The Statements do a good job breaking down each deposit. The issue with that is, you can't do daily books and have to wait till end of each month to do all the book keeping instead of being able to do quick each day.
Ty Wilson
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