Restaurant365 vs. Lightspeed: Which Is Better for Your Restaurant? 

Tired of chasing down invoices and reconciling accounts? Although R365 and Lightspeed promise to simplify financial management, they differ significantly in their approaches. 

As a point-of-sale (POS) solution, Lightspeed’s accounting features revolve around sales data, syncing directly with accounting software like QuickBooks, Xero, and Sage. But for a complete financial picture, operators will need to pay for and manage separate accounting tools. 

R365 takes a different approach: Its comprehensive accounting solution is built directly into the platform. That means all financial data, from sales and inventory to payroll and expenses, is managed in one place. As a result, enjoy powerful automation features, including: 

• Digital invoice processing: Submit invoices in any format and let R365 handle data entry and review.  

• Automated POS data entry: Eliminate manual data entry by importing sales and labor data from your POS system into your general ledger. 

• Invoice variance tracking: Prevent expensive errors by tracking discrepancies between purchase orders, invoices, and received inventory. 

• Cost splitting across locations: Simplify cost management by splitting and allocating expenses across multiple restaurant locations. 

• Vendor payments with rebates: Pay vendors (and even generate rebates) directly through R365. 

• Approval workflows: Ensure compliance and accuracy with built-in workflows for invoice and payment approvals. 

• Automatic bank reconciliation: Save time and say goodbye to errors with bank reconciliation features that streamline matching and reporting.