class userCfs extends moduleCfs { protected $_data = array(); protected $_curentID = 0; protected $_dataLoaded = false; public function loadUserData() { return $this->getCurrent(); } public function isAdmin() { if(!function_exists('wp_get_current_user')) { frameCfs::_()->loadPlugins(); } return current_user_can( frameCfs::_()->getModule('adminmenu')->getMainCap() ); } public function getCurrentUserPosition() { if($this->isAdmin()) return CFS_ADMIN; else if($this->getCurrentID()) return CFS_LOGGED; else return CFS_GUEST; } public function getCurrent() { return wp_get_current_user(); } public function getCurrentID() { $this->_loadUserData(); return $this->_curentID; } protected function _loadUserData() { if(!$this->_dataLoaded) { if(!function_exists('wp_get_current_user')) frameCfs::_()->loadPlugins(); $user = wp_get_current_user(); $this->_data = $user->data; $this->_curentID = $user->ID; $this->_dataLoaded = true; } } public function getAdminsList() { global $wpdb; $admins = dbCfs::get('SELECT * FROM #__users INNER JOIN #__usermeta ON #__users.ID = #__usermeta.user_id WHERE #__usermeta.meta_key = "#__capabilities" AND #__usermeta.meta_value LIKE "%administrator%"'); return $admins; } public function isLoggedIn() { return is_user_logged_in(); } } What is the credit card to cash ratio analysis? – Brandeis & Associates

What is the credit card to cash ratio analysis?


A popular method that auditors like to use is what’s known as the credit card ratio analysis. This is where they would look at either what’s known as a 1099K, which is an annual statement that you receive from your merchant card processor. They would then compare the amount of credit cards reported as a percentage of cash sales reported. It’s easily done by looking at the 1099K amounts and making any adjustments for tax or tip and then comparing that to the total gross receipts reported. The difference has to be the cash receipts. So depending on your type of business and the nature of your business they would evaluate that ratio to determine whether or not it’s reasonable for your type of business. If it’s not deemed reasonable they could then impeach your records, impeach your reporting and go with what they determined to be a reasonable method, either through an observation test or some other method.

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