Event Reconciliation
Tramezzini NYC
Client Payment
Food subtotal
Sales tax (collected by Cremini's)
Delivery (4%)
Total collected
$8,850.53
Adjusted Revenue (tax excluded)
$8,850.53 − $695.89
$8,154.64
Expense Reimbursements (off the top)
Tramezzini expenses
Tramezzini reimbursement
$904.38
Cremini's expenses
Cremini's reimbursement
$1,740.00
Total reimbursements
$2,644.38
Net Profit (after reimbursements)
$8,154.64 − $2,644.38
$5,510.26
Profit Split
Tramezzini
%
$4,408.21
Cremini's
%
$1,102.05
Total distributed
$5,510.26
Final Totals
Tramezzini receives
$5,312.59
$4,408.21 profit + $904.38 reimb.
Cremini's receives
$2,842.05
$1,102.05 profit + $1,740.00 reimb.
Tax remitted
$695.89
Collected and held by Cremini's.
$5,312.59 + $2,842.05 + $695.89 = $8,850.53
✓ Balanced