What is Night Audit?

The Night Audit occurs after the end of business every day, allowing a restaurant operator to review, confirm, and close together all transactional and operational data recorded during the previous business day. This will help ensure that sales transactions, payments received, and recorded in POS systems are all correct before closing the business day.

The night audit is an important tool for keeping restaurants’ finances accurate and their operations under control. An effective night audit will assist restaurants in-

• Verifying that all transactions are recorded accurately and balanced.
• Identifying potential mistakes, voids, and fraudulent transaction activity.
• Ensuring that payments are reconciled accurately and that employees have followed cash handling procedures.
• Producing daily performance and sales reports from a restaurant’s financial database.
• Preparing invoices and payroll records from the nightly audit data to provide accurate and verifiable documentation.

How does it work?

Management, or other authorized staff, will complete the Night Audit through the POS system to reconcile all Daily Sales against the actual payments received (Cash, Card, Digital Payments), to identify any discrepancies, to close out any open bills, and to produce Daily Reports. Once Annual Audit Completion has occurred, the system will reset for the next business day.