Restaurant365

Accounting and operations for multi-unit restaurants

About Restaurant365

Restaurant365 is a cloud-based solution which assists restaurants with inventory management, operations, performance tracking, payment processing, multi-level approval flows and more. It provides customizable reports on metrics such as sales, menu items, labor, inventory and food and recipe costing.

The application comes with an accounting module which aggregates data from POS devices and exports it into the connected payroll processor. Teams can use Restaurant365 to prepare budgets for multiple locations and process data such as food and recipe costs and inventory. The suggestive ordering feature lets procurement team optimize their inventory purchases and track stock counts. Employees can create schedules for different functional areas of the restaurant and monitor performance objectives and labor costs. It lets shift managers track hours worked by staff and manage time off requests.

Restaurant365 provides customizable reports on metrics such as sales, menu items, labor, inventory, and food and recipe costing. Managers can use the system to generate real-time operational profit and loss reports. The AP automation tool creates digital versions of paper invoices and routes them through workflows for approval.

Pricing starting from:

US$159,00/month

  • Free Trial
  • Subscription

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Pricing starting from:

US$159,00/month

  • Free Trial
  • Subscription

Images

Scheduling tool
Shelf inventory
Real-time reporting
View 4 more
Restaurant365 video Restaurant365 screenshot: Scheduling tool Restaurant365 screenshot: Shelf inventory Restaurant365 screenshot: Real-time reporting

Features

Total features of Restaurant365: 50

  • API
  • Account Reconciliation
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Automated Scheduling
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Built-in Accounting
  • CPA Firms
  • Cost Management
  • Customizable Reports
  • Data Import/Export
  • Data Visualization
  • Employee Database
  • Employee Management
  • Employee Scheduling
  • Expense Tracking
  • Financial Analysis
  • Financial Reporting
  • Fixed Asset Management
  • General Ledger
  • Inventory Management
  • Inventory Replenishment
  • Inventory Tracking
  • Kitchen / Menu Management
  • Labor Cost Reporting
  • Labor Management
  • Menu Planning
  • Messaging
  • Mobile Access
  • Multiple User Accounts
  • Online Payments
  • Online Time Clock
  • Payroll Management
  • Point of Sale (POS)
  • Purchase Order Management
  • Purchasing & Receiving
  • Real Time Analytics
  • Recipe Management
  • Reporting/Analytics
  • Resource Management
  • Schedule Distribution
  • Shift Swapping
  • Stock Management
  • Time Off Requests
  • Vacation/Leave Tracking

Alternatives

NetSuite

4,1
#1 Alternative to Restaurant365
NetSuite is the world's #1 cloud ERP solution trusted by more than 24,000 high-growth customers worldwide to run all of...

Odoo

4,2
#2 Alternative to Restaurant365
Odoo is a fully-integrated, customizable, and open-source suite of business applications. A majority of the business...

HarmonyPSA

4,5
#3 Alternative to Restaurant365
HarmonyPSA supports the entire business lifecycle, from lead generation to contract renewal. It is designed...

QuickBooks Desktop Enterprise

4,5
#4 Alternative to Restaurant365
QuickBooks Desktop Enterprise is an accounting software for small businesses which provides users with real-time access...

Reviews

Overall rating

4,2 /5
(33)
Value for Money
4,3/5
Features
3,8/5
Ease of Use
4,1/5
Customer Support
4/5

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Showing 5 reviews of 33
Bruce N.
Overall rating
  • Industry: Food & Beverages
  • Company size: 501-1 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

CFO review of Restaurant 365

Reviewed on 2019/04/11

One of the best aspects of Restaurant 365 is that the accounting tool allows for custom periods so...

One of the best aspects of Restaurant 365 is that the accounting tool allows for custom periods so that P & L statements can be easily compared to budgeted projections. This feature allows our managers to adjust to line item expenses on a daily and weekly basis. Although no new software integration comes without some pain, Restaurant 365 is now permanently ingrained in our culture.

Pros

The accounting and GL is stronger than any other combined analytic and accounting software I have reviewed. The budgeting tool is excellent. I greatly enjoy the ease at which data can be exported to Excel and reimported back into Restaurant 365. Overall, Restaurant 365 has help me train my operation managers to become business managers!

Cons

Does not handle credit card tips paid out in server and bartender paychecks.

Caleb R.
Overall rating
  • Industry: Restaurants
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

On the way

Reviewed on 2019/06/27

We have streamlined our accounting process. It still needs work, but it's much better than using...

We have streamlined our accounting process. It still needs work, but it's much better than using quickbooks online. We use the invoicing, payments, and inventory weekly if not more frequently.

Pros

Ease of use, in depth customization and all of the information that you can need for restaurant management

Cons

Bugs, crashes, faulty features, but that's about it

Cailin H.
Overall rating
  • Industry: Restaurants
  • Company size: 201-500 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 3.0 /10

Not Quite There Yet

Reviewed on 2019/03/29

Our overall experience with Restaurant365 has been less than stellar. Adoption and setup took a...

Our overall experience with Restaurant365 has been less than stellar. Adoption and setup took a long time. Support issues are not handled quickly, and there has only been one instance where a support person agreed to speak with me over the phone - they almost always limit communication to emails, which can take longer and is hard to fully explain the problem. I also feel that the system is very inconsistent. We have experienced issues with the entire site being down during our accounting close week, which is very frustrating considering all of our financial reporting and data is housed in this system. I think this software *could* be great but it needs a lot of work and testing to get there.

Pros

I like that 365 gives us the ability to share real-time financial information with the site level teams. They can run an Income Statement for the current period at any time without having to wait for our team at corporate to publish financials.

Cons

There are too many features that aren't available yet or don't quite work as expected. When I use this software I feel like I'm using an unfinished product. For example, the workflow approval for invoices has taken a very long time to release and it still does not always work correctly. Also, we've had issues with units of measure not converting correctly on reports, which was a back-end issue and took weeks for developers to fix. Lastly, we've had many issues with Stock Counts including odd, unexplainable pricing changes and counts that seemed to disappear after a 365 support person "looked into" our issue.

Robert M.
Overall rating
  • Industry: Restaurants
  • Company size: 501-1 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Restaurant365 Review

Reviewed on 2019/04/12

Having a cloud based software is the way to go! You get the benefits of accessing the system...

Having a cloud based software is the way to go! You get the benefits of accessing the system anytime, anywhere. Our operations team can now access their P&L's and they love it! Being able to drill down into the P&L's and Balance sheet is simple and the analytics in the reports are very useful. Unfortunately we are not able to be POS integrated so we cannot use the software to it's full advantage but from what we get out of it right now it is a step above where we use to be. It's an innovative company that is always looking to better the product and frequently releases new features. Overall a great product and would recommend!

Pros

Pros include - cloud based system, unlimited amount of users, ability to have invoice images attached to invoice entry, bank reconciliations are quick & efficient and rock our socks off, there are multiple reports available that are pre-built and can be customizable, the ability to drill down into P&L's and balance sheets has taken our team to the next level with auditing financial statements.

Cons

Some of the cons we have experienced is that the dev team can't fix issues in a timely manner. We'd like issues resolved quicker but it may take more time than we hope. We wish the search function was a little better. You can search anything but in order to get results you have to know how it was entered into the system.

Michael N.
Overall rating
  • Industry: Restaurants
  • Company size: 201-500 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Review from a Finance Manager

Reviewed on 2019/04/01

Our overall experience with the software has been great. It integrates nicely with our other...

Our overall experience with the software has been great. It integrates nicely with our other systems, like our POS and invoicing system. We as a company may not be fully utilizing the software and trying to retroactively getting different sections up to date takes a long time, if you have multiple concepts. The system runs slow at times but it is nice to be able to see and analyze all of our financials under one login unlike quickbooks in which you have to switch back and forth between logins to see your different locations.

Pros

I like that it easily integrates with Toast and Aloha POS. It is also very good at breaking down the different financial statements like the profit and loss and balance sheet. If you have multiple locations, it is nice to see everything in a single login and that you don't have to switch back and forth between locations.

Cons

If you don't have a little financial background it may be a little hard to navigate the software. The software is nice and comprehensive but if you come in as a user after everything has already been set up, it is a little hard to understand. I would like the training materials to be a little easier to understand or at least have videos. Sometimes the software can run slow which can be inconvenient if you are trying to do things in a quick manner.

Showing 5 reviews of 33 Read all reviews

Restaurant365 FAQs

Below are some frequently asked questions for Restaurant365.

Restaurant365 offers the following pricing plans:

  • Starting from: US$159,00/month
  • Pricing model: Subscription
  • Free Trial: Not Available

CORE plan: $159 per month ESSENTIAL plan: $289 per month PROFESSIONAL plan: $359 per month Contact Restaurant365 for custom enterprise pricing.

We do not have any information about Restaurant365 features

Restaurant365 has the following typical customers:

2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

Restaurant365 supports the following languages:

English

Restaurant365 supports the following devices:

Android (Mobile), iPhone (Mobile), iPad (Mobile)

Restaurant365 integrates with the following applications:

Paycom

Restaurant365 offers the following support options:

Knowledge Base, Phone Support, Chat

Related categories

See all software categories found for Restaurant365.