Accounting

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General Leger
  • 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

  • Departmental Cost Center Tracking

  • Auto-creation of Daily Sales Journal Entry for each location

  • Auto-creation of Daily Labor Accrual Entry for each location

Accounts Receivable
  • House Account Ticket Detail Imported From POS

  • House Account Billing Automation

  • Email Customer Invoices w/ your logo

  • Franchisee Royalty Billing g

Banking
  • Daily Deposit Tracking

  • Automated Bank Reconciliation

  • Bank Transfers

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

System Wide Features
  • 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

Accounting Reports

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

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5 Days Average

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 Percent

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

90 Percent

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.

Testimonials

What our customers say about our services

JJ Pledger
We review the controllable store-level financials we obtain from Restaurant365 with our store managers immediately after the end of each period. We are able to identify specific areas to focus on with them. This timely direction we are able to provide to our managers is improving our store-level profitability and we like that.

JJ PledgerChief Bean Counter, Twisted Root Burger Co.

Arthur Li
We have doubled the number of our stores (going from 5 to 10) without adding a single person to our accounting and finance team thanks to Restaurant365. Among many benefits we get from it, the software has made us remarkably more efficient administratively.

Arthur LiHead of Business Finance, Altamarea Group

Case Studies

Some of the companies we work with