Restaurant365 vs. TouchBistro: Which Restaurant Software Should You Choose? 

When it comes to accounting, Restaurant365 is in a league of its own. As the only cloud-based, all-in-one restaurant-specific platform, it fully integrates accounting with operations. Key features include: 

• Automated invoice processing: Capture invoices, track variances, and prevent discrepancies before they escalate. 

• Real-time data sync: Seamlessly connect sales, labor, and inventory data to your general ledger—no manual work needed. 

• Built-in approvals and vendor payments: Streamline workflows, ensure compliance, and even generate rebates with vendor payments directly on the platform. 

• Multi-location cost splitting: Effortlessly allocate costs across locations, reducing accounting headaches. 

• Bank reconciliation: Reconcile accounts quickly with automated tools, ensuring your records are accurate and up to date. 

• Budgeting and forecasting: Plan ahead with powerful budgeting tools, giving you insights into potential cost savings and revenue growth opportunities. 

• Customizable financial reporting: Generate detailed reports tailored to your restaurant’s KPIs, helping you make data-driven decisions with confidence. 

Restaurant365 also supports intercompany transactions, making it a top choice for multi-unit operations and franchises. By centralizing all accounting functions in one place, it empowers operators to focus on growing their business instead of managing disparate systems. 

TouchBistro, on the other hand, is primarily known as a point-of-sale (POS) solution with additional features for front-of-house management. Unlike Restaurant365, it does not include built-in accounting functionalities, relying instead on integrations with external tools like QuickBooks and Xero to sync sales and financial data. While this may work for smaller restaurants with existing accounting systems, it doesn’t offer the seamless, all-in-one approach that Restaurant365 provides.