Maintain control over the financial health of your restaurant business using the R365 General Ledger. Get a real-time representation of your financial situation with automated financial transactions, even inter-company transactions, posted to the general ledger.
Avoid the dreaded end-of-month bank reconciliation beast with automated bank reconciliation incorporated within R365’s restaurant accounting software. Eliminate the hassle of manual bank reconciliation and reduce the time it takes to reconcile your books from days to minutes.
Maintain an updated financial budget with R365. Easily budget for multiple locations at a time, automatically pulling data from food and recipe costs, inventory, and more.
Fixed Asset Management
Track each of your fixed assets in R365, then perform automatic depreciation based on the asset classes and categories that you set and maintain. Track the lifetime costs of all your fixed assets, including real property, kitchen equipment, furniture, technology and more.
Automate and centralize your accounts receivables from within R365. Simplify the collection of receivables from catering, house accounts, franchising and other unique payment types.
Gain full access to financial reports (balance sheet and P&L statement) on a daily basis and automatically disseminate that information securely on a need-to-know basis, enabling proactive decision making at the corporate and store level.
Eliminate costly third-party bill paying services. Streamline your accounts payable with the only restaurant-specific accounting solution that integrates end-to-end AP automation into one system.
Never get the lights shut off again because someone didn’t approve the utility bill. Eliminate manual workflow processes by establishing a chain of automated approvals for specific amounts and transaction types (AP invoices or journal entries) in the R365 Workflows feature.
Rather than just recording what has happened in the past, Restaurant365 provides tools to better manage business, labor, food cost tracking, waste, ingredient pricing and more. We also love the fact you can go back in time and fix mistakes, whereas with Compeat you can only put a band-aid over it rather than solving the underlying problem.
Overall: Fantastic. Strongly recommend.
Pros: Master Chart of Accounts, Vendors, and Customers. Easy to navigate for inexperienced users. Vendor AP FTP/EDI integration. POS integration. PR Adjustments. Bank integration. Ability to filter and search across all modules. Intercompany transaction automatic entries, cloud based. Constantly evolving.”