Information for accountants and auditors
This article explains how Favrit handles transactions, reports, VAT and accounting integrations, so you can support a client who uses Favrit as their point-of-sale (POS) system. It's written for accountants and auditors.
Getting access to Favrit
As an accountant or auditor, you'll usually want access to Favrit to view reports. To get access, ask the manager of the venue to add you as a user.
For security reasons, Favrit Support can't give out access or send reports — access has to be granted by the venue.
How payments and payouts work
Depending on the payment method, guest payments are either received by Favrit's payment partner and paid out to your client, or handled by a separate payment processor. Read about our payment methods.
For reconciliation, the key point is that the settlement (payout) usually reaches the bank account a few days after the sale, with provider fees deducted first — so a payout won't always match the day's sales total. Learn how payouts work.
Reports
Favrit provides several reports that can be used for end-of-shift reporting, for managers and for accounting. They break down figures such as VAT, payment methods, fees and tips, and products sold. There's also a dedicated Audit report (Revisjonsrapport) that lists discards, refunds and corrections over a chosen period. Learn about our reports.
Two things are worth knowing when reconciling: the reporting day runs from 06:00 to 05:59 local time, not midnight to midnight, and times in the payout report are shown in UTC (one hour behind Norwegian time in winter, two hours in summer).
Product groups and VAT
Product groups link a menu item to an account number in your client's ledger and set the VAT rate for that item. Correct product-group setup is what makes the accounting integration post sales to the right accounts. Learn more about how VAT works, and read our disclaimer about accounting and tax.
Accounting software integrations
Favrit offers a once-a-day export of sales data to a range of accounting systems. Correct product-group setup is what makes sales post to the right accounts. For the full list of supported systems and step-by-step setup, see the dedicated article on setting up accounting integrations.
If a sync fails, see how to fix a sync error.
Tips
Tips post to the account you set for the Tip payment method in the accounting integration setup — if no account is defined for Tip, they fall to the default sales account you've defined instead.
Gift cards
For gift cards, set an account for both the gift card's tax group and the "Favrit gift card" payment method in the integration setup, so that both selling and redeeming a gift card post correctly. Learn more about gift cards.
Changing organisation number
If a venue changes its organisation number — for example during a restructuring — this is handled as a separate process. Favrit sets up a new location on the new organisation number, a new KYC verification is completed, and invoicing moves to the new number from an agreed cutover date. Contact Favrit Support to start this.
SAF-T export
Favrit can provide a SAF-T (Standard Audit File – Tax) export for bookkeeping and audit purposes. Contact Favrit Support to request it.
Invoices for licenses, transaction fees and hardware
According to the agreement your client has with Favrit, they're invoiced monthly for license and transaction fees. Any hardware purchased through Favrit is added to the invoice. Read more about invoices and how to change invoice details.
Legal information
In Norway, Favrit is a cash register system with a product declaration in accordance with the Norwegian Cash Register Systems Act and the Cash Register Systems Regulation. Read our declaration.