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Tracks every dollar spent-from the purchase of ingredients for recipes to the cost of keeping the lights on. Most restaurant bookkeeping software offers integration with other systems, such as point of sale (POS) and tax management or expense tracking and payroll.Ĭommon Functionality of Restaurant Accounting Software Expense tracking
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Most restaurant-specific accounting systems offer the following modules:Įssentially, restaurant accounting software will offer the same modules as general accounting systems, but the functionality will be more directly tailored to restaurant management. Fortunately, a good accounting system specifically geared toward your industry can alleviate much of this work by managing every aspect of your business's finances. Running a restaurant means keeping up with a lot of things, not the least of which is expenses. That's why it's important to know the basics about restaurant accounting software before you begin your search for the system that best fits your needs, whether you're tracking payments, payroll or produce.Ĭommon Functionality of Restaurant Accounting SoftwareĬloud-Based vs. There are a ton of accounting systems out there, each with myriad features and applications available for customization. Choosing the right accounting software to help you do that can be overwhelming, to say the least. There are, of course, any number of reasons why a new restaurant may be forced to shut its doors, but certainly one of the most vital elements of running a successful company is keeping the books. While recent studies have shown that the restaurant industry has grown in the past few years, the fact remains that about 17 percent close within their first year of business.