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

Launched in 2012, POSist is a cloud-based restaurant technology and POS (point of sale) platform. It offers scalable,...

QuickBooks Desktop Pro

QuickBooks Pro helps to automate the billing and invoicing process and work order management from a single reconciliatio...

NetSuite

With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain...

PayPal Zettle

PayPal Here is a mobile application that allows retailers and merchants to process transactions. The application uses a...

QuickBooks Desktop Enterprise

QuickBooks Enterprise is an accounting solution designed for SMBs across different industry verticals such as constructi...

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
4.1
Functionality
4.0
Ease of Use
4.0
Customer Support
3.9
5 reviews of 63 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

Posist
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

Kathi
  • Industry: Restaurants
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
4
Customer Support
5

5
Reviewed on 31/12/2022

Cfo

Switching to R365 has been the best back office operational decision we have made in 30 years

Pros

Integration of all companies on one platform and ease of financial transaction interaction between them AND fairly seem less integration with POS /Toast data

Cons

I don’t like the submit requests for improvements. This is burdensome and seems to go into a black hole or you have to become a promoter of your idea

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.

Reasons for Switching to Restaurant365

For compatiable functions of inventory, COGS, menu items. (Have never been able to get them to work)
Robert
  • 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.

Related categories