What Restaurant365 does exactly like QuickBooks
- Imports all the bank activity
- Auto matches downloaded transactions to existing transactions where the amount is identical
- Provides quick assignment of cost categories and dates for newly imported transactions not previously entered in the system.
What Restaurant365 does better than QuickBooks
- Allow for spreading of newly imported transactions across locations (even if locations belong to separate legal entities – thus auto-creating intercompany transactions)
- Allow for spreading of newly imported transactions across weeks or 4-week periods (thus auto-creating accrual entries)
- Auto marks as reconciled in the bank reconciliation module imported transactions that match existing transactions (thus eliminating duplicate work during the bank reconciliation process)