Site Settings - Financial - Finance (HQ)

The Finance tab is broken down into three sections, Tips Configuration, Wages Configurations, and Other Configuration.

In order to access Finance for your site, navigate to your site, click the "Site Settings" tab on the left hand side, then click the "Financial" sub-tab.

Permission Requirements: View Profile, Edit Profile

Finance

 

Finance Fields

FIELD	DESCRIPTION
Tips Configuration
TIP SHARE	Legacy field
LOW TIP PERCENTAGE	On Clock Out, this is the lowest amount you can declare based on total cash sales
TIPS DAILY SETTLEMENT	Checked, Server Banking - Tips are deducted from your employees cash sales on a daily basis Unchecked, Cashier Banking - Tips are calculated but not deducted from your employees cash sales
WAGES CONFIGURATION
ENABLE DOUBLE TIME CALCULATIONS	Enables Double Time When checked, shows seventh day, premium pay, and double time kick in hours fields
ENABLE SEVENTH DAY	Accounting for overtime that occurs after 8 hours, after 40 hours, and on the 7th day if you work all hours all 7 days in a week.
ENABLE PREMIUM PAY	If an employee works a split shift (more than 1 hour apart from the last clock out to the next clock in) then they get 1 additional hour of Pay as a premium pay
DOUBLE TIME KICK IN HOURS	Employee works more than X hours in a given day, they are entitled to double time
MAXIMUM REGULAR HOURS PER DAY	This is the maximum number of hours an employee can be clocked in per day before their hours are considered overtime
MAXIMUM REGULAR HOURS PER WEEK	This is the maximum number of hours an employee can be clocked in per week before their hours are considered overtime
OVERTIME RATE MULTIPLIER	This is the wage multiplier that is used to calculate overtime wages
MINIMUM WAGE	Minimum wage rate Auto populates minimum wage when adding pay classes State or Federal minimum wage
MAXIMUM TIP CREDIT	The difference between the federal minimum wage and the direct wage paid to a tipped employee
OTHER CONFIGURATION
RESERVATION PAYMENT	Legacy field
NEW PRICING RULE	Enabling this adds additional configuration options to the site level pricing schedules
FIRST EXPORT DATE	Legacy field
FRANCHISEE FISCAL START DATE	Legacy field
DAILY TRANSACTION FEED JOB	Legacy field
DAILY TRANSACTION FEED JOB TIME	Legacy field

 

Click the “Submit” button to save changes.

Click the blue “Publish” button, check “Site Settings”, then click the black “Publish” button.