What is a Restaurant Accounting ‘System’?
I often find myself helping CPA’s explain the value of having a restaurant specific accounting solution to their clients. Why? Mostly because QuickBooks is free. And when compared to that, it’s very difficult to get a restaurant owner to spend money on something he is currently spending nothing on. So, in an effort to paint [...]Read More!
3 Key Take Aways from the 2013 Restaurant Finance & Development Conference
We had a great time at the annual Restaurant Finance & Development Conference in Las Vegas this year. 3 key take-aways were: The attendees are the best part of the conference. If you go to the show, make sure you say hello to the person sitting next to you. They are full of knowledge and [...]Read More!
Restaurant Specific Accounting Software Alternatives
Whenever I speak to multi-unit CFOs who are looking for an alternative to QuickBooks and generic accounting software packages, I find myself explaining the following to them: Basically, there are 3 options: Restaurant365 (www.restaurant365software.com) – Accounting, POS Integration, Above Store Analytics (all in one, Cloud Based) Compeat (www.compeat.com) – Accounting, POS Integration, Above Store Analytics [...]Read More!
“I know my food costs are higher than I am expecting them to be. But why are they high?”
Reasons for High Food Cost Restaurant365 Feature Paying too much for food Vendor Contract Administration – store contract prices for each location for each vendor for each item with an expiration date and acceptable variance %. Be visually notified on the AP Invoice when the vendor has charged you for an item outside of your contract before paying the [...]Read More!
3 Reasons a Restuarant CFO Should Be Paying Attention To Cloud ERP
Why should a restaurant CFO be concerned about the deployment method of the software his/her team uses to collect and account for data? There are 3 main benefits to Cloud ERP Computing that are directly in line with the overall objectives the CFO has responsibility for: Accurate and Timely Information Control Over Liquid and Perishable [...]Read More!