• ACCOUNTING

Restaurant accounting
made easy

The Restaurant Financials Module includes:

  • General Ledger
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Budgeting
  • Financial Reporting

Accounting at the heart of the Restaurant365 platform

Your restaurant business is more than simply having good food. It brings together the complexity of both the manufacturing and retail elements of business.

There are food sales, customer payments, and people that work in and out of your restaurants. There are vendor invoices and bills to be entered and paid. There are budgets to be built and tracked. There are banking transactions that are incurred. There are stock counts, recipes, and food costs that need to be reviewed. You may have a catering division or franchisees of your concept.

Every item mentioned is eventually and ultimately a financial transaction that should be recorded in your accounting system.

That is why the Restaurant365 platform is here. It makes it easy and, in many cases, fully automates the creation of the financial transactions from all of these areas in your restaurant business.

Restaurant365 is the only truly browser-based restaurant-specific platform that combines all of these key restaurant modules with an integrated accounting backbone. Restaurant365 was built from the ground up specifically for multi-unit restaurant companies.

GENERAL LEDGER

Retail fiscal periods
Your chart of accounts
Automated intercompany
Fixed & variable based budgeting
Cash forecasting
Customizable financial reports
Out-of-the-box restaurant financials
Setup non-restaurant businesses
Departamental cost center tracking
Auto-creation of daily sales journal entry for each location
Auto-creation of daily labor accrual entry for each location
Import journal entry from payroll provider

ACCOUNTS PAYABLE

Print 1099 forms for vendors
Global check run
MICR check printing w/electronic signatures
Pay vendors via ACH
AP aging by location
Positive pay

ACCOUNTS RECEIVABLE

Import/export transactions from/to Microsoft Excel
Multi-field, multi-transaction type search
Transaction approval workflow
Drill down to source transactions from any report
Powerful audit tracking
Attach images/files to transactions
Shares the same database as the operations module

SYSTEM-WIDE FEATURES

House account ticket detail imported from POS
House account billing automation
Email custom invoices w/your logo
Franchisee royalty billing

Restaurant accounting reports

See samples of all the reports that come with Restaurant365’s Accounting module.

5 days

Using QuickBooks or non-restaurant specific accounting software it takes on average 10 business days after the end of a period to close the books and send out completed financial statements to the Operations team. With Restaurant365 the average is 5 days.

30%

Restaurant Accountants spend approximately 30% of their total work time performing manual tasks that are automated with Restaurant365.

90%

90% of Restaurant Businesses don’t maintain an updated financial budget for each store . Restaurant365 simplifies this process and puts an up-to-date financial budget in the hands of both accounting and operations..