Restaurant365

4.1
Overall rating
Reviews

4.1
Overall rating
Reviews

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$316.00/month.

Starting Price:
US$316.00/month
Free Version:
No
Free trial:
No

Alternatives to Restaurant365

QuickBooks Online Advanced

QuickBooks Online Advanced is a cloud-based accounting solution that helps small to large enterprises manage expenses,...

Restaurant365 Reviews

Feature rating

Value for Money
4
Functionality
3.9
Ease of Use
3.9
Customer Support
3.8
5 reviews of 65 View all reviews
Charles
  • Industry: Food & Beverages
  • Company size: 1,001–5,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
4
Customer Support
5

5
Reviewed on 02/08/2020

Unbeatable Inventory Management

There are countless benefits to using Compeat. It is excellent for large operations with high volume sales.

Pros

Once set up for your location is complete it makes managing inventory and ordering from vendors incredibly simple. You will be able to locate problem areas quickly.

Cons

Set up is extremely time consuming and you will definitely pay for the benefits it provides.

Alternatives Considered

Restroworks
Caleb
  • 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

Tracy
  • Industry: Food & Beverages
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
2
Features
4
Ease of Use
2
Customer Support
2

2
Reviewed on 20/01/2023

Buyer Beware! Inconsistent, rates increase yearly.

I can see the potential in this program. However, 2 years later, we are still only using basic functions. I paid for Pro Services (14K) and still things are not right and somehow they are back to the way they were before! Frustrating! I don't have accurate information to run my business or to satisfy banking questions. Buyer beware! Rates started out resonable, then increased 6% each year. Now I'm paying 3x more than I was before basic functions that don't work correcly. I keep giving it a chance, but we will probably have to cancel. It's a liability to your business when you count on correct numbers and they are not correct.

Pros

I like the features in this program. However, the learning curve is too high. I like that is on the cloud and the customer service ticket items are quick to respond. The potential is there.

Cons

The basic accounting functions should be set up easier and more standard. (P&L, Balance sheets, customer statements, chart of accounts). There should be a standard template that then can be tweaked for the business. We have never been able to use other features as they are difficult to figure out and we are still having problems with clearing bank items. Everything costs money to fix. The onboarding was overdone. Way too much info and is cluttered.

Alternatives Considered

NetSuite and PayPal Zettle

Reasons for Choosing Restaurant365

Looking for more of a restaurant program that tied in costs and inventory and menu pricing.

Switched From

QuickBooks Enterprise

Reasons for Switching to Restaurant365

For compatiable functions of inventory, COGS, menu items. (Have never been able to get them to work)
Jessica
  • Industry: Hospitality
  • Company size: 201–500 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
0
Features
5
Ease of Use
5
Customer Support
4

5
Reviewed on 06/10/2019

The Hospitality Industry Needs This Program!

This program has changed the tracking of funds for our company. It is easy for multiple users across the country to have access to our financial breakdowns. This has made a huge impact with our accounting department, holding mangers responsible for inventory issues, keeping a running safe log and communicating between users about each shift. This has been a wonderful experience and I highly recommend it to anyone in the hospitality industry. This will make your life so much easier after you initially get it set-up to contain all of the items you purchase on a regular basis. Do yourself a favor and stop stressing the financials, this program will do it for you!

Pros

This software program makes processing every financial transaction so easy! We are able to track safe counts, leave important messages in the Manager Log, our food deliveries are auto-batched into the accounts payable section and all products we purchase are entered into this system. We can enter invoices and break them down to the cost of individual items, tax, proper categories and so much more.

Cons

I honestly haven't had any bad experiences with this software. The hardest part was getting it set up initially with all of our regular products, after that it has been smooth and easy to use.

Verified Reviewer
  • Industry: Food & Beverages
  • Company size: 11–50 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
4
Features
4
Ease of Use
3
Customer Support
5

5
Reviewed on 29/09/2020

R365 is a Robust Solution

Overall, we have had a positive experience. The onboarding process was great and the support has been good as well.

Pros

R365 has nearly all the software a restaurant would need in 1 solution. Inventory management, accounts payable, scheduling, payroll, etc.. We like that the software is specific to the restaurant industry and that the customer service seems to be very quick and efficient.

Cons

As compared to the previous software we utilized, R365's interface is less user-friendly. It has been a bit more difficult to produce the reports that we were used to and the scheduling interface is lacking certain staff notification features for schedule changes. While R365 is continually improving and providing features, we will continue to learn the software more in-depth and be able to take advantage of everything it offers.

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