• ACCOUNTING

Accounting at the heart of the Restaurant365 platform

Your restaurant business is more than simply having great food and spectacular service. 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.

Easily Upgrade Your Accounting

Don’t settle for old, generic or windows-only accounting software.
Restaurant365 is built for exclusively for restaurants and
we make it easy to convert from any accounting software.

Upgrade from Quickbooks

Easily switch from Quickbooks and Quickbooks Online.  We’ve simplified the process of uploading your Quickbooks financial data and connecting to your POS so can get your company working in Restaurant365 in short order.

Upgrade from Compeat

Stop waiting for old software to get rebuilt.  Move now to a real  browser-based restaurant accounting platform.  We make the process extremely easy to take your historical data and bring it into Restaurant365.

Upgrade from Great Plains

The lack of restaurant-specific functionality in Great Plains (Dynamics) was the reason we built Restaurant365 in the first place.  We know GP inside and out, and have mastered what it takes to make the move and be successful.

Upgrade from any ERP

We’ve been helping companies upgrade their accounting, ERP and reporting systems since 2001.  We know how to get it set up, extract and migrate data, train your people, and help you get the most out of Restaurant365.

Restaurant Accounting
In-House, Outsourced or Hybrid

Run Restaurant365 with your in-house accounting team or outsource all your accounting needs

Accounting
In-House

Restaurant365 is a browser-based restaurant accounting solutions built for restaurant accounting users and teams.  Run it in the office, from home or on the road. Full accounting and financial reporting capabilities.  Continuous innovation drives the streamlining of all accounting functions related to restaurants.

Accounting
Outsourced

Want to outsource all of your accounting?  We can help you find a partner that fits your needs. Restaurant365 has a network of national, regional, and local accounting groups that specialize in restaurant accounting and the Restaurant365 platform.

Accounting
Hybrid

Need to some accounting help, some of the time?  Use Restaurant365 In-house, but create logins for your outside bookkeeper, part-time CFO, or outsourced accounting group.  Turn them on and off as needed, as you go through different growth phases or busy times of the year.

Restaurant accounting
made easy

The Restaurant Financials Module includes:

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

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..