About Restaurant365

Restaurant365 is a cloud-based accounting solution for restaurants of all sizes. Key features include accounting, inventory, banking, budgeting and analytics. Restaurant365 offers general ledger features such as retail fiscal periods, fixed- and variable-based budgeting, cash forecasting, customizable financial reports, daily sales journal and labor accrual. Accounts payable includes 1099 forms, MICR check printing, e-signatures, vendor paying via ACH, AP aging by location and positive pay. Accounts receivable features multi-field and multi-transaction type search, transaction approval workflow and audit tracking. Restaurant365 also offers tools for labor scheduling, real-time inventory valuation, automatically updated costing, recipe creation and analysis and other operational modules. Restaurant365 offers versions for single- or multi-unit restaurant businesses. It’s available for purchase on a monthly subscription basis.
Restaurant365 Software - Bank Rule
Restaurant365 Software - AP Invoicing
Restaurant365 Software - Budgeting
Restaurant365 Software - Reporting Dashboard
Restaurant365 Software - Mobile App
Restaurant365 Software - Bank Rule - thumbnail
Restaurant365 Software - AP Invoicing - thumbnail
Restaurant365 Software - Budgeting - thumbnail
Restaurant365 Software - Reporting Dashboard - thumbnail
Restaurant365 Software - Mobile App - thumbnail

Restaurant365 pricing

Restaurant365 does not have a free version. Restaurant365 paid version starts at US$249.00/month.

Starting Price:
US$249.00/month
Pricing Details:
CORE plan: $249 per month ESSENTIAL plan: $369 per month PROFESSIONAL plan: $459 per month Contact Restaurant365 for custom enterprise pricing.
Free Version:
No
Free trial:
N/A

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Restaurant365 Reviews

Feature rating

Value for Money
4
Functionality
4
Ease of Use
4
Customer Support
4
5 reviews of 35 View all reviews
Bruce N.
  • Industry: Food & Beverages
  • Company size: 501-1,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
4

5
Reviewed on 11/04/2019

CFO review of Restaurant 365

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.
  • Industry: Restaurants
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
4
Features
3
Ease of Use
4
Customer Support
4

4
Reviewed on 27/06/2019

On the way

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

Alternatives Considered

Compeat

Reasons for Choosing Restaurant365

Ease of use with R365

Switched From

Quickbooks Online

Reasons for Switching to Restaurant365

We realized that R365 had the potential that we are looking for. While still a new company when we signed on, we knew that R365 could grow with us.
Cailin H.
  • Industry: Restaurants
  • Company size: 201-500 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
0
Features
2
Ease of Use
2
Customer Support
2

2
Reviewed on 29/03/2019

Not Quite There Yet

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.
  • Industry: Restaurants
  • Company size: 501-1,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
4
Ease of Use
5
Customer Support
4

4
Reviewed on 12/04/2019

Restaurant365 Review

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.
  • Industry: Restaurants
  • Company size: 201-500 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
4
Features
5
Ease of Use
3
Customer Support
4

4
Reviewed on 01/04/2019

Review from a Finance Manager

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.

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