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 (all in one, On-Premise)
- Outsource it to an outside firm – there are a number of these services out there that do it all on their own proprietary software (cost can be about $250/week/location)
You might find other bits and pieces of the solution (such as Above Store Only – i.e. CTUIT) but there is no other solution that does the full GL and allows you to replace QuickBooks entirely other than what is listed above.
Also, you might explore bundled packages but those are not built specifically for the restaurant industry and will be lacking in features and not really do anything for you more than what you have today (i.e. Great Plains, MAS90, Intacct, NetSuite).
Morgan Harris | Co-founder | Restaurant365