Restaurant365 vs. QuickBooks: A Side-by-Side Comparison 

Imagine having more time to create delicious dishes instead of chasing down invoices, reconciling accounts, or struggling to understand financial performance. Accounting automation empowers restaurant owners and operators to do just that. 

QuickBooks is known for its accounting features, including automatic bank reconciliations and invoice approval workflows. However, restaurants need additional tools to streamline and optimize their accounting processes due to QuickBooks’ limited integrations with point-of-sale (POS) systems and vendors. The software also lacks the capability to handle tasks like intercompany accounting and consolidated financial reporting.  

Restaurant365 provides built-in automation features tailored to the restaurant industry, such as:  

• Digital invoice processing: Submit invoices in any format, and R365 ensures accurate entry and review. 

• 170+ EDI integrations: Seamlessly connect with various vendors to automate the entire invoicing process. 

• Intercompany transfers and transactions: Simplify complex financial tasks by automating intercompany transfers. 

• Automated POS data entry: Eliminate manual entry by pulling sales and labor data directly into the general ledger. 

• Consolidated financial documents: Streamline accounts by creating a single account used across multiple locations.  

• Invoice variance tracking: Automatically track discrepancies between orders and invoices to prevent errors. 

• Cost splitting across locations: Easily split costs evenly among different locations, reducing accounting complexities. 

• Vendor payments with rebates: Pay vendors directly through R365 while generating rebates, adding value to the payment process. 

• Approval workflows: Use built-in workflows for invoice and payment approvals, ensuring compliance and accuracy. 

• Automatic bank reconciliation: Automate the reconciliation process with matching reports, saving time and reducing errors.