How Toast POS Net Sales Are Calculated in 7shifts

Question

What is the formula for calculating Toast Net Sales in 7shifts?

Answer

Toast Net Sales in 7shifts are calculated using the following formula:

Net Sales = (Gross Sales) - (Discounts) - (Comps).

• Gross Sales includes all revenue from sales transactions before any deductions. Discounts and comps are then subtracted to provide a clear picture of your sales performance
• Discounts refer to reductions in price applied to customer purchases
• Complimentary (Comps) items refer to goods or services provided at no charge, typically as a gesture of goodwill

If you’re noticing a discrepancy between sales figures in 7shifts and Toast, it’s important to note that 7shifts excludes certain values from Gross Sales, including:

• Service Charges
• Tips
• Gratuities
• Fees or non-revenue items (e.g. gift card sales, which are considered deferred revenue)

These exclusions mean they are not included in the calculation of Net Sales.

Additionally, the sales values in 7shifts may differ from those in Toast, as Toast includes Service Charges in their Sales Summary reports, whereas 7shifts does not.