Move now to Restaurant365, the browser-based restaurant accounting software built exclusively for restaurants. See how easy it is to upgrade from Quickbooks, Compeat, Great Plains, or any ERP. Restaurant Accounting Your Way Restaurant365 supports your restaurant accounting, whether you manage it in-house, outsource everything, or a bit of both. Compeat Accounting provides total control and a perfect audit for your restaurant operations through central office finances. Don’t forget Compeat Accounting is fully integrated with Compeat Inventory, Labor and Schedule. Compeat Accounting is the central hub where everything comes together and everything stays in perfect balance. Compeat Accounting provides total control and a perfect audit for your restaurant operations through central office finances. Don’t forget Compeat Accounting is fully integrated with Compeat Inventory, Labor and Schedule. Compeat Accounting is the central hub where everything comes together and everything stays in perfect balance. Hindi indic 5.1 for windows 10.
Automate accounting
QuickBooks tracks every dollar coming in and going out of your restaurant, organizes the data for you, and provides the reports you need to make smart decisions.
QuickBooks tracks every dollar coming in and going out of your restaurant, organizes the data for you, and provides the reports you need to make smart decisions.
Manage costs
From collecting, reporting, and paying sales tax, to tracking income and expenses by profit centers like catering, restaurant, or a food truck, QuickBooks puts the data you need to manage costs at your fingertips.
From collecting, reporting, and paying sales tax, to tracking income and expenses by profit centers like catering, restaurant, or a food truck, QuickBooks puts the data you need to manage costs at your fingertips.
Generate reports
Restaurants run on tight margins. Always know how changes to the menu or operations will impact your bottom line. It’s easy to run reports, analyze performance, and make adjustments on the fly.
Restaurants run on tight margins. Always know how changes to the menu or operations will impact your bottom line. It’s easy to run reports, analyze performance, and make adjustments on the fly.
You control the menu. QuickBooks helps control the costs.
Control costs
Managing food costs, labor costs, and overhead costs are three important ingredients for a successful restaurant. QuickBooks tracks and organizes your data, giving you the control you need to manage your costs.
Managing food costs, labor costs, and overhead costs are three important ingredients for a successful restaurant. QuickBooks tracks and organizes your data, giving you the control you need to manage your costs.
Manage expenses
QuickBooks tracks your expenses in one central location, making it easy to see your spending on overhead, food and liquor, kitchen supplies, and more. QuickBooks automatically categorizes expenses to save time.
QuickBooks tracks your expenses in one central location, making it easy to see your spending on overhead, food and liquor, kitchen supplies, and more. QuickBooks automatically categorizes expenses to save time.
Manage labor costs
With QuickBooks time-tracking and payroll features, employees can log their hours, you approve them, and QuickBooks does the rest. Run reports to see payroll costs by kitchen, front of the house, and more.
With QuickBooks time-tracking and payroll features, employees can log their hours, you approve them, and QuickBooks does the rest. Run reports to see payroll costs by kitchen, front of the house, and more.
Control costs
Managing food costs, labor costs, and overhead costs are three important ingredients for a successful restaurant. QuickBooks tracks and organizes your data, giving you the control you need to manage your costs.
Managing food costs, labor costs, and overhead costs are three important ingredients for a successful restaurant. QuickBooks tracks and organizes your data, giving you the control you need to manage your costs.
Manage expenses
QuickBooks tracks your expenses in one central location, making it easy to see your spending on overhead, food and liquor, kitchen supplies, and more. QuickBooks automatically categorizes expenses to save time.
QuickBooks tracks your expenses in one central location, making it easy to see your spending on overhead, food and liquor, kitchen supplies, and more. QuickBooks automatically categorizes expenses to save time.
Manage labor costs
With QuickBooks time-tracking and payroll features, employees can log their hours, you approve them, and QuickBooks does the rest. Run reports to see payroll costs by kitchen, front of the house, and more.
With QuickBooks time-tracking and payroll features, employees can log their hours, you approve them, and QuickBooks does the rest. Run reports to see payroll costs by kitchen, front of the house, and more.
Generate financial statements
Easily run financial statements that show you exactly where your restaurant stands. Access your cash flow statement, balance sheet, and profit and loss statement in just a few clicks.
Easily run financial statements that show you exactly where your restaurant stands. Access your cash flow statement, balance sheet, and profit and loss statement in just a few clicks.
Get a clear picture of your business
Get a comprehensive picture of your business presented the way you want. Need to see sales from Friday to Thursday? Want to see how you’re doing in 4 week periods instead of by month? No problem.
Get a comprehensive picture of your business presented the way you want. Need to see sales from Friday to Thursday? Want to see how you’re doing in 4 week periods instead of by month? No problem.
Automate reports
Do you have partners or colleagues that need to review reports regularly? Does your accountant ask for monthly information? No problem. QuickBooks makes it easy to schedule and email reports to anyone.
Do you have partners or colleagues that need to review reports regularly? Does your accountant ask for monthly information? No problem. QuickBooks makes it easy to schedule and email reports to anyone.
Salif Keita says “oui, oui” to his successful, and generous, family business
“I wanted to create a successful business so I could support my family. I have three sons and a daughter, and they all know how I run things.”
-Salif Keita
-Salif Keita
Bringing together two of his favorite circular foods, Mali-born Salif Keita is the proud owner of Harlem’s Oui, Oui Crepes and Pizza.
Bringing together two of his favorite circular foods, Mali-born Salif Keita is the proud owner of Harlem’s Oui, Oui Crepes and Pizza.
“I wanted to create a successful business so I could support my family. I have three sons and a daughter, and they all know how I run things.”
-Salif Keita
-Salif Keita
Square
QuickBooks and Square sync up nicely. Your sales, taxes, tips and discounts automatically import into QuickBooks overnight, saving you time. Plus, it’s easy to reconcile – everything is matched against your bank statement for you.
QuickBooks and Square sync up nicely. Your sales, taxes, tips and discounts automatically import into QuickBooks overnight, saving you time. Plus, it’s easy to reconcile – everything is matched against your bank statement for you.
Deputy
Deputy’s intelligent scheduling capabilities ensures you schedule the right person every time. Verify availability, fatigue, weather, and sales demand with our forecasts to save on staffing. Notify your staff of their shifts via SMS, email or the Deputy mobile app.
Deputy’s intelligent scheduling capabilities ensures you schedule the right person every time. Verify availability, fatigue, weather, and sales demand with our forecasts to save on staffing. Notify your staff of their shifts via SMS, email or the Deputy mobile app.
RestaurantOps
RestaurantOps provides employee management and communication tools specifically for the restaurant industry. Create closing shifts and shifts with variable end times. Allow your employees to trade shifts amongst themselves with optional management approval.
RestaurantOps provides employee management and communication tools specifically for the restaurant industry. Create closing shifts and shifts with variable end times. Allow your employees to trade shifts amongst themselves with optional management approval.
Additional features that help restaurants cook up success
Use your phone to snap a photo of a receipt. QuickBooks will add the expense to your books so that everything is organized and tracked.
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- Pay employees with free, 24-hour Direct Deposit.
- Get automatic tax calculations, flexible pay types, and unlimited payrolls.
- Pay and file payroll taxes right from QuickBooks. Or let us do it for you with our Full Service option.
Connect your bank so that all deposits, withdrawals, and other transactions are automatically recorded, categorized, and updated in QuickBooks.
Help avoid tax-time surprises.
- Know what you owe before taxes are due
- Easily organize income and expenses into tax categories
- Share your books with your accountant or export important documents come tax time
Does QuickBooks provide reports specific to restaurants?
At the end of the day, we know that accounting is all about getting the information you need to make smart decisions. That means seeing a comprehensive picture of your whole restaurant, presented the way you want. Need to see sales from Friday to Thursday? Want to see how you’re doing in 4 week periods instead of by month? Do you use a POS in the front of the house? Or have an app that tracks inventory? No problem. QuickBooks reports include information from integrated apps. And if you’re looking for a POS or inventory app designed specifically for restaurants, you can choose from 50+ apps that work seamlessly with QuickBooks.
Gain even more insight by viewing built-in reports that compare performance between periods. Quickly access a profit and loss report that shows how much of each sales dollar you spend on each expense category. QuickBooks has the reports you need to quickly make smart decisions for your restaurant.
Call of duty advanced warfare demo download. With QuickBooks time-tracking and payroll features, employees can log their hours, you approve them, and QuickBooks does the rest. Easily run reports to see trends – like weekly and monthly pay differences, or payroll costs by kitchen, front of the house, and management – so you can make any necessary adjustments quickly. How much are you paying in overtime? QuickBooks will show you. It can even handle tips.
Can QuickBooks track my data for multiple locations, including a food truck?
Yes. QuickBooks can track all of your restaurants, including your food trucks, in one system. You can track income and expenses for all of your profit centers like restaurants, catering, or food trucks. Simply set up each one as its own class. You can then access the Profit & Loss by Class report to see income and expenses for each location separately, or choose to see the total across all of your locations.
With QuickBooks, your accountant always has instant access to your account to answer questions, fix problems, and help prepare your taxes. Create a unique login for your accountant so she can work on your books without leaving her office. Plus, accountants receive a free version of QuickBooks designed specifically for them, called QuickBooks Online Accountant, making it even easier for your accountant to work with you. You can even exchange messages and share documents directly inside QuickBooks.
Join over 21,000 restaurant owners globally.
Find the QuickBooks plan that works for you.
Important offers, pricing details, & disclaimers
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Restaurant owners, especially when considering food and other appreciable assets, need to customize their accounting software's so that it shows an accurate chart of accounts.
Note that, in relation to a chart of accounts, each restaurant handles the matter of food differently. There are three main ways to list food on a chart of accounts.
List Food as a Simple Asset
The first, and by far the most common, way to list food is as a simple asset. This is the least accurate method for determining profit and waste, but it is often the most streamlined. A restaurant owner simply adds all the food expenditures for the month or accounting period and lists the cumulative sum as a single expense. This method is fast but doesn't account for waste and spoilage. In this scenario, the restaurant owner liaisons with the executive chef, making that person directly responsible for excessive food waste. Most small restaurants operate this way because the approximation of waste is more cost-effective than tasking its monitoring day-to-day.
Listing Food as an Operating Expense
The second way to list food on the chart of accounts is, as previously mentioned, by monitoring waste, listing it as an operating expense directly under food expenditures. For small-scale operations, this method isn't popular because it takes time away from cooks, who are often spread thin already to keep wages low. The smaller restaurants that keep their books this way typically only deduct exceptional waste items like caviar, steak, cheese, etc.
This method, as the scale of the operation increases, becomes increasingly more common. There are variations, such as calculating median waste vs. purchase by weight, but those levels of monitoring are usually only seen in large-scale production facilities and fast-food chains.
Listing Food by Category
The third is separating perishable and nonperishable items on the ledger. Then it is just a matter of listing food into two categories, and deducting perishable waste only. This method can be time efficient and relatively accurate, but it doesn't take into account the loss of nonperishable items. An example would be listing a bottle of truffle oil as a nonperishable, but after three months the oil goes rancid, and 30 percent of the bottle is thrown away.
Compiling a Restaurant's Chart of Accounts
While not every restaurant owner will need to customize this chart of accounts, the following lists give a solid base for what to include for a restaurant's income statement.
Revenues for the Chart of Accounts
- Beverage Sales
- Food Sales
- Other Sales, e.g., Offsite Catering, Speaking Engagements
Expenses to Track
- Cost of Beverage Sales
- Cost of Food Sales
- Any discounts that are given that even marginally affect bottom-line
Occupancy Expenses to List
Accounting Software For Restaurants And Bars
- Rent Expense
- Insurance on Building
- Security/Alarm Services
- Janitorial
- Building Repair and Maintenance (the costs of any routine repairs and maintenance are recorded in this account
- Except for repairs and maintenance expenses that can be capitalized to the fixed asset account because they extend the useful life of the asset
- Property Taxes
- Utilities
- Disposal Services
Labor Expenses - Management
- Officer Wages - Officer Salaries and Wages
- Officer Benefits: Health Insurance
- Officer Benefits: Meals and Discounts
- Officer Benefits: Other
- Management Wages - Management Salaries and Wages
- Management Benefits: Health Insurance
- Management Benefits: Meals and Discounts
- Management Benefits: Other
Labor Expenses - General Employee
- Employee Wages: Front of the House: Bartender
- Employee Wages: Front of the House: Bussers
- Employee Wages: Front of the House: Host/Hostess
- Employee Wages: Front of the House: Servers
- Employee Wages: Back of the House: Cooks
- Employee Wages: Back of the House: Dishwashers
- Employee Benefits: Health Insurance
- Employee Benefits: Meals and Discounts
- Employee Benefits: Other (employee benefits that do not fall into any other category are recorded in this account)
Other Operating Expenses
- Cash Over/Short
- Credit Card Fees
- Licenses and Permits
- Corporate Taxes
- Equipment Repairs and Maintenance
- Glassware, Flatware, and Smallware
- Marketing Expenses
- Linens, Laundry, and Uniforms
- Restaurant Décor
- Menus and Drink Lists
- Payroll Services Fees
- Miscellaneous Expenses
- Accounting Fees
- Legal Fees
- Music and Entertainment
- Telephone
- Internet
- Travel
- Office Supplies
- Bank Fees
- Fines and Penalties
- Postage and Mailing
- Interest Expense
Accounting Software For Restaurant Free
This list for a restaurant highlights the most common income statement accounts that restaurants need to operate. The chart of accounts need to be customized to meet the unique needs of your organization but serves as a starting point.