What You’ll Get with Global Shared Services and Restaurant365
Are you considering Restaurant365 for your restaurant? Do you have questions about if the product is a good fit for you?
You’ve come to the right place.
This is the complete guide to Restaurant365. We’ll start at a basic level, and work through what you’ll need to know to implement and make the most of Restaurant365.
Here are the questions we’ll answer:
What is Restaurant365?
What are the benefits of using Restaurant365?
Does Restaurant365 integrate with other systems?
What POS platforms integrate with Restaurant365?
Do payroll providers integrate with Restaurant365?
Does Restaurant365 track vendor data?
How does Restaurant365 integrate with banking information?
How does Restaurant365 automate accounts payable?
Is Restaurant365 better than Quickbooks?
Is Restaurant365 right for my restaurant?
How can I get the most out of Restaurant365?
What is Restaurant365?
Restaurant365 is an all-in-one back office system. It is a single tool that allows you to manage accounting, inventory, scheduling, manager log books, and sales reporting all in one place.
Restaurant365 brings your point-of-sale, food and beverage vendor, banking, and payroll information into one platform for automated accounting for franchise restaurants, scheduling, inventory, and accounts payable functionality.
What are the benefits of using Restaurant365?
By having one accounting tool for your restaurant, you will save on software costs, improve internal communication, and give management access to create accurate reports. This ultimately frees up your team members to focus on increasing sales by removing the need for many repetitive, manual reporting tasks.
By consolidating account information into one place, Restaurant365 is able to generate the most useful reports restaurant owners have ever seen, and it helps them run their restaurants much more efficiently.
Restaurant365 is cloud-based, meaning you not only keep all your accounting in one place, but it is also accessible from any device at any time. This makes it easy to share your back-office reporting with outsourced accounting support. Global Shared Services is proud to be a featured accounting firm partner with Restaurant365, taking the worry and time out of restaurant accounting.
Does Restaurant365 integrate with other systems?
Yes, Restaurant365 seamlessly integrates with dozens of the top POS, payroll, accounting, and vendor providers so that process is automated for you.
Restaurant365 offers you everything you need to manage your restaurant business – accounting, scheduling, inventory, and reporting – from a single cloud-based software that runs in your internet browser. This means you can access your accounts data anywhere and no longer need to export your data from one system and uploading it to another software.
What POS platforms integrate with Restaurant365?
Restaurant365 works with over 50 major POS systems including Revel, Toast, and Aloha, so you can directly pull detailed reports from your POS into Restaurant365. This allows you to effortlessly track Sales Tickets, Tenders, Payment Types, and Clock-in/Clock-out by Job and Employee.
Do payroll providers integrate with Restaurant365?
No matter what payroll processor you are using, you can easily integrate it with Restaurant365. Save yourself the time and hassle of manually passing information to and from your payroll processor. Aggregate all your labor data into one view and transmit it directly to your payroll processor. This allows you to see true labor costs and the impact on your P&L with automatically-created labor accrual journal entries.
Move to Restaurant365 to get the best in payroll data administration. Global Shared Services can streamline your payroll services even more by setting up Restaurant365 and allowing you to make the most of your software investment.
Does Restaurant365 track vendor data?
With integrations with 60+ vendors, Restaurant365 allows you to integrate with many broad-line and regional restaurant food vendors. This allows you to automatically track inventory and food costs for each vendor, import vendor invoices for greater accuracy, and glean key performance insights for each vendor relationship.
How does Restaurant365 integrate with banking information?
Save time with Restaurant365’s automated bank reconciliation, daily deposits, and secure online vendor payment solutions. These automations allow you to see P&L in real-time, automatically generate and approve invoices, and compare the profit of each restaurant location.
How does Restaurant365 automate accounts payable?
Restaurant365 offers two easy ways to capture invoices, which eliminates the need for manual data entry. Vendors can send invoices directly into Restaurant365, or restaurant accountants can upload the invoice directly into R365. Uploading an invoice is as simple as scanning it on a computer or sending an image through a mobile device.
Once the invoice is uploaded into Restaurant365, you can set up restaurant-specific workflow rules to route and escalate invoices as needed. Audit logs, automated emails, and a dashboard make it simple to see what invoices are waiting to be approved.
After approval, Restaurant365 removes the need for any manual entry required for check writing and ACH uploads by utilizing single-use virtual card numbers sent to vendors and suppliers and other digital payment options. Restaurant365 also offers payment rebates back to the restaurants.
The payment module built into the Restaurant365 platform means no importing, integration, or maintenance is required.
Is Restaurant365 better than Quickbooks?
Restaurant365 outshines generic ERPs such as Quickbooks, Compeat, Great Plains because Restaurant365 is designed specifically for restaurants. Monitor your general ledger, accounts payable/receivable, bank reconciliations, budgets, forecasts, and financial reports all in one dashboard. Simplify payroll and budgeting by utilizing the built-in automations that will reduce the time required for accounting tasks.
Not only does Restaurant365 handle the unique accounting needs restaurants have, but it also is cloud-based. You don’t need to install software on a computer before you use it, and it can be used from a computer, tablet, or smartphone.
Take your Restaurant365 experience to the next level by utilizing the setup and accounting expertise offered by Global Shared Services. Our expert accounting team can streamline your payroll services by setting up Restaurant365 and allowing you to make the most of your software investment.
Is Restaurant365 right for my restaurant?
Restaurant365 works with a broad customer base including franchises, quick service restaurants, fast casual, family dining, and fine dining concepts. It is used by over 7,000 locations, 800 brands, and 20,000 daily users.
Global Shared Services has experience integrating Restaurant365 with a variety of restaurant types, and understands the unique needs of restaurant owners, franchisors, and franchisees. The partnership of Restaurant365 with Global Shared Services creates a complete accounting package, allowing restaurant management to utilize cutting-edge technology and expert accounting staff to move their restaurants forward.
How can I get the most out of Restaurant365?
Restaurant365 is a powerful tool that can take the headache out of back-office tasks for restaurant owners. Global Shared Services is proud to be a trusted accounting firm partner with Restaurant365 and can enable you to get the most out of Restaurant365. Let us help you implement Restaurant365 so you can say goodbye to the extra time, inaccuracies, and costs involved in managing restaurant accounting in-house.
The beauty of Restaurant365’s data integration is that it not only gives management the ability to track labor costs, but it also becomes an effortless way to submit financial information to outside accounting. As a Restaurant365 partner, Global Shared Services can handle the day-to-day payroll administration as well as other integrations and services around Restaurant365. Move to Restaurant365 to get the best in payroll data administration and use Global Shared Services to help streamline your payroll services to make the most of your software investment.
Are you ready to scale your restaurant business with accounting and financial services you can trust? Schedule a free consultation to review your current systems and reporting needs and take the first step toward high-performance finance and accounting services at an affordable cost.