Overview

If you’ve ever compared your Toast sales to your bank deposits and thought, “These numbers don’t match—something must be wrong,” you’re not alone.

The short answer: this difference is expected.

Toast reports sales activity, while your bank shows cash movement. Bookkeep is designed to bridge that gap—accurately and automatically.

In addition to syncing your daily Toast sales activity into your accounting system, Bookkeep can also sync your actual Toast deposits, helping you reconcile payouts and bank activity with minimal manual work.

This guide explains why those numbers differ and how to properly reconcile them.

The Core Concept: Sales ≠ Cash

Toast captures what happened in your restaurant:

• Food & beverage sales
• Taxes collected
• Tips
• Discounts
• Refunds

Your bank account reflects what was actually deposited:

• Net payouts from Toast
• After fees, refunds, and timing differences

👉 These will commonly not match exactly on a given day—and that’s normal.

Why Toast Sales and Bank Deposits Don’t Match

1. Processing Fees Are Deducted Before Deposit

Payment processors (including Toast Payments) deduct fees before funds hit your bank.

Example:

• Toast Sales: $10,000
• Processing Fees: $300
• Bank Deposit: $9,700

Bookkeep records:

• $10,000 in revenue
• $300 in processing fees
• $9,700 deposit

2. Timing Differences (Batching & Payout Delays)

Sales happen in real time, but deposits happen in batches.

Examples:

• A Friday’s sales may not be deposited until Monday or Tuesday
• Friday, Saturday, and Sunday activity may be grouped together into a single payout batch
• Late-night transactions may roll into the next business day’s batch

👉 This creates temporary mismatches between daily sales and deposits.

This is one of the most common reasons restaurant owners see differences between Toast reporting and bank activity.

3. Tips Are Not Always Revenue

Tips collected through Toast:

• Are liabilities, not income
• May be paid out separately (e.g., through payroll or cash distribution)

This means:

• Toast totals include tips
• Bookkeep separates tips appropriately so your finances stay accurate

4. Taxes Are Collected but Not Income

Sales tax:

• Is collected from customers
• But owed to tax authorities
• May be withheld and remitted by the marketplace when the order originates through a marketplace facilitator.

So:

• Included in Toast totals
• Not part of your revenue
• May or may not be included in deposits depending on configuration

How Bookkeep Handles This Automatically

Bookkeep is built to accurately reflect both sides of the equation.

1. Daily Sales Summary (from Toast)

Bookkeep records:

• Gross sales
• Taxes
• Tips
• Discounts
• Refunds

2. Toast Deposit Syncing

Bookkeep can also sync your Toast deposits directly into your accounting system.

This gives you visibility into:

• Actual payout amounts
• Deposit timing
• Batch groupings

By syncing both sales activity and deposits, Bookkeep helps ensure your accounting reflects both operational activity and actual cash movement.

3. Clearing Accounts

Bookkeep uses clearing accounts to track:

• Funds that are owed but not yet deposited

This helps bridge the gap between:

• The date of the sale
• The date cash reaches your bank

What a “Correct” Reconciliation Looks Like

Instead of expecting:

Toast Sales = Bank Deposit ❌

You should expect:

Toast Net Sales
– Fees
+ Tax Collected
- Tax Withheld by Marketplace
+ Tips
+ Gift Cards Sold
± Timing differences
= Bank Deposits (over time) ✅

Common Misconceptions

“My deposits are lower—am I losing money?”

No. Most differences are due to:

• Fees
• Timing
• Non-revenue items (taxes, tips)

“Bookkeep is wrong because it doesn’t match my bank”

Bookkeep is recording true financial activity, not just cash movement.

Your bank shows cash.

Bookkeep shows accurate accounting.

Best Practices

• Reconcile weekly or monthly, not daily
• Review clearing accounts, not just deposits
• Expect weekend batching and payout timing delays
• Understand that timing differences will resolve naturally over time

Summary

Toast and your bank account are measuring two different things:

• Toast = what you sold
• Bank = what you received

Bookkeep connects the two by:

• Recording accurate daily sales
• Syncing Toast deposits into your accounting system
• Accounting for fees, taxes, and tips
• Tracking timing differences through clearing accounts

👉 When used correctly, everything will reconcile—just not always on the same day.

If you’re still seeing discrepancies after following this guide, reach out to Bookkeep support and we’ll help you trace the difference step by step.