There are passionate opinions on both sides of this question. If you are reading this, you might be one of those people. I certainly have my opinion and it is . . . . ‘it depends.’ A few things to consider when making this choice or advising someone on making this choice are:
- Number of Locations
- Operating Philosophy
- Accounting Knowledge of Internal Staff/Owners
As you consider each of these factors in your analysis, consider also the technology available in the marketplace today. Historically, there wasn’t much out there specifically for restaurant accounting. Now, there is a low-cost, yet sophisticated SAAS restaurant specific application called Restaurant365 that combines accounting with above store functionality that makes accounting for restaurants easy for anyone (in-house folks or outsourced accounting firms). It is also worth mentioning that we have a number of clients who outsource the accounting work (and give their accountants access to the R365 Financials module) and do the operational work in-house (and give their managers access to the R365 Operations module). Now you can have your cake and eat it too. Learn more at www.restaurant365.net.
Morgan Harris | Co-founder | Restaurant365