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.
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