Best Accounting Software That You Need To Manage Your Restaurant in 2023

Do you want to manage the accounts of your restaurant easily? Do you want an easy solution to maintain your expenses and profit? Are you looking forward to some easy way to maintain your restaurant’s accounts? Then relax and read this article. Because you are in a safe spot, here you will be provided with the best possible solution that can help you to maintain accounts in your restaurant in the most appropriate way.

The accounting department is one of the most important departments for the growth of any company. This is because the accounts department is the one that takes the record of resources that are available for the growth of the business. Moreover, this department provides the higher management with insight into having profit and loss of any business. Without this estimate, it is nearly impossible to design policies that are suitable for the growth of any business.

Hence, it is clear that you are supposed to maintain your business accounts accurately for the growth of your business. But the real problem is how to achieve this goal easily without spending huge amounts of money on accounts managers.

The solution to this problem is you can use Accounting Software that is available in plenty of amounts in the market. In case you are new in this business and don’t have any idea how you can manage your accounts. Then this article is all you need in your life.

We have rounded up some of the best accounting solutions for restaurants available right now! Scroll down to explore your option and pick the right one for your venture!

How Does Accounting Software Work?

Accounting software works by providing one of the best tools that can help you make detailed analyses of the condition of your company’s financial resources. With this software, you can estimate your company expenses along with income. Hence, after analysis, you can estimate the net profit of your company. In case you are running a restaurant, then this software can help you manage your daily sales along with net expenditure.

Furthermore, there are different types of accounting software. Some of them work on web software that is usually downloaded on your computer. Where you can manage all your accounting-related tasks; besides this, others work on cloud systems that can be accessible on any device anywhere.

While some use AI automated tools that allow you to manage your tasks automatically without putting much effort, hence, you are required to know about this software in detail. So that you can use the most appropriate software for your business.

Benefits Of Using Accounting Software

There are many benefits of using accounting software. Out of such benefits here, you are provided by a few of them. You can read these benefits to find out why accounting software is important for your restaurant.

Accounting Software Provides You Complete Analysis of Your Expenses

Without knowing your expenses, you can control your finances in the best possible way. This is because unless you are aware of your unnecessary expenditure then you cannot cut it to ensure more profit. Hence, if you want to manage your expenditure, then accounting software can help you in this regard. With the help of such software, you can analyze your expenses and control them to earn the expected profit in your business.

You Can Record Your Daily Sales

Accounting software provides you the complete details about your daily sales. As we know, in the food business, it is quite hard to record daily sales. Because the food business is one of the most growing businesses in present times, so, it becomes difficult to record sales daily. Hence, accounting software can help you to record daily sales of your restaurant more easily without putting much effort.

You Can Make Detailed Reports On Your Restaurant’s Financial Status

Accounting software can help you make detailed reports about your financial status. This is because, as mentioned above, accounting software helps you with making a record of your daily sales. Hence, with the help of such software, you can make reports about your restaurant’s resources and expenses. Which in turn can help you in making better strategies for the growth of your business.

You Can Make Money Transactions And Receive Payments.

And lastly, accounting software can help you make money transactions and receive payment more easily. As we know, in the business sector, you are required to send and receive money through various options such as online transfer, bank transfer, cheque payment, etc.

Best Accounting Software For Restaurants in 2023:

Here is the list of Best Accounting Software For Restaurants in 2023 and 2024:

Lightspeed
Toast, Inc
Restaurant365
Odoo
NetSuite
MarketMan, Inc
7Shifts
TouchBistro
HungerRush
Xero
DAVO
QuickBooks
Epos Now
Plate IQ
CrunchTime

1. Lightspeed

lightspeed

Lightspeed is one of the best accounting software providers that you can use to manage your restaurant. This company was established in 2005. This shows that this company has been serving in this business for more than 15 years. Besides this, it is located in Canada and serves many clients all across the Globe. Moreover, this company is working under the management of JP Chauvet, who has been serving as the CEO of Lightspeed since 2022.

This company offers all-in-one services that are important to manage any business like getting the complete records of your sales and payments. Besides this, it also helps you to pay your taxes and make detailed reports about your financial resources. Hence, by seeing this we can say that this software is one of the best options for you. In case you are interested in the complete accounting department of your restaurant.

Description:

Founded: in 2005
Headquarters: Quebec, Canada

Key Features:

This software helps you to make your complex tasks easier.
You can track your sales and grow your business with the help of this business.
Your clients can pay money through various methods, which is very impressive.

2. Toast, Inc.

Toast, Inc

Toast incorporation is another one of the best financial service providers that is quite popular in the United States. This company was founded in 2011. This shows that this company is working under the management of Aman Narang and Steve Fredette who are serving as the President of Toast, Inc. The best thing about Toast, Inc. is it is specially designed to help restaurant owners manage their businesses.

Furthermore, this business is trusted by more than 90,000 restaurants all across the Globe, which shows that it is one of the most reliable companies in this sphere. Another unique thing about this company is their customer services are available all the time.

So you can contact them at the time of inconvenience. Lastly, this software allows users to make a complete analysis of their restaurant’s performance. Hence, you can easily manage your restaurant with the help of this software.

Description:

Founded: in 2011
Headquarters: Massachusetts, United States

Key Features:

This software allows you to manage your company accounts easily at a very reasonable price.
You can record your sales with the help of this software.
This software is designed to help small and large-sized businesses, which is really great.

3. Restaurant365

Restaurant365

The next one of the best accounting software companies on this list is Restaurant365. It was established in 2011 in the United States. This company has been working in this sector for more than 10 years, which is great. Besides this, it is working under the management of Tony Smith, serving as the CEO of Restaurant365. As the name indicates, this company is specially designed to help restaurant owners to manage their accounts and finances.

To check its reliability, you can see that this company is trusted by more than 40,000 restaurants. Hence, you can easily trust their services to manage your restaurant. Furthermore, this software allows you to manage your accounts more easily.

You can manage your sales and record data to check your restaurant’s performance. Besides this, you are allowed to make strategies for the growth of your business because this software ensures your data availability with 100% accuracy.

Description:

Founded: in 2011
Headquarters: California, United States

Key Features:

This service provides you with one of the best tools to record your company’s performance.
Besides this, you can pay your employees and even hire a new one with the help of this software.
You can manage your finances easily with this software just by clicking a few buttons, which is quite impressive.

4. Odoo

odoo

Odoo is another one of the best accounting software that is listed in this article. This software was released in 2005 by the very famous software company Odoo SA. This company was founded in 2002 by the very famous businessman Fabien Pinckaers. However, this company has served nearly 20 years in this business. However, it still has managed to deliver its services to many countries across the Globe.

To look deep into the features of Odoo software, you will be glad to know that this software is an all-in-one solution to your problems because it allows you to manage all departments of your business such as accounting and finance etc. Moreover, this software is available in a smartphone application. Hence, you can manage your accounts easily through your mobile phone, which is also very impressive.

Description:

Founded: in 2002
Headquarters: Belgium

Key Features:

This software allows you to manage your accounts in a way that can help you to increase your sales.
You can make an analysis of your restaurant’s performance with the help of this software.
This software also comes with a free-of-cost plan with a limited number of services.

5. NetSuite

NetSuite is also one of the best choices for those who want to manage accounts of their restaurants. This company was established in 1998 and is currently under the management of another parent company, Oracle. This company was founded by Evan M. Goldberg and was acquired by Oracle in 2016. The best thing about this software company is it is designed to facilitate small and medium-sized businesses.

Hence, no matter what type of restaurant you are running you can use this software company to manage your accounts. It is a cloud-based software company which means that you can access it anywhere on the earth. You can track your restaurant’s performance with the help of this company. Besides this, you can get training to grow your business from this service which is also quite a unique feature of this company.

Description:

Founded: in 1998
Headquarters: Texas, United States

Key Features:

This company can help you in managing your restaurant’s performance.
It is cloud-based software that helps you to manage your business everywhere.
You can grow your business with the help of this software.

6. MarketMan, Inc.

MarketMan, Inc

The next one of the best accounting software for restaurants is none other than MarketMan, Inc. This software-providing company was founded in 2015 in the United States. This means that this company has spent more than 5 years in this business, which is great. Moreover, this company is currently working under the management of Noam Wolf who is serving as the CEO of this company.

This software has the privilege of providing you with an all-in-one solution to manage your restaurant. It is cloud-based software that helps you to track your restaurant performance. Furthermore, your clients can easily order their food through its app management services and it will eventually grow your business. In short, if your goal is to join a complete restaurant management software program then this company is surely the right choice for you.

Description:

Founded: in 2015
Headquarters: New York, United States

Key Features:

This software allows you to manage all departments of your business.
You can track your sales with the help of this software.
This software is available at very reasonable pricing plans.

7. 7Shifts

7shifts is also one of the most popular restaurant management software providers that provides its services to many clients in different countries. This company was launched in 2014 in Canada. This shows that it has spent almost 8 years in this business. This company was actually founded by Jordan Boesch, who established this company to facilitate his father. The best thing about this software is it works to provide benefits to all types of restaurants.

Hence, no matter whether you are running a small or large restaurant, you can use this software to manage your accounts. Furthermore, this software allows you to make schedules for your tasks. Besides this, it also allows you to calculate your daily earnings. So, that you can analyze your earnings more accurately. In short, if you are interested in using any reliable software to manage your restaurant, then 7Shifts is surely one of the right choices for you.

Description:

Founded: in 2014
Headquarters: Saskatchewan, Canada

Key Features:

This software allows you to manage your tasks on time.
You can manage your daily sales more accurately with the help of this software.
The services of this software is available in more than 20 countries, which is quite impressive.

8. TouchBistro

TouchBistro is also one of the best choices for those who want to manage accounts of their restaurants. This company was founded in 2010 in Canada. This company was founded by Alex Barrotti and Geordie Konard to provide a better solution for business owners to manage their restaurants. This software is also an all-in-one solution to manage almost every department of your restaurant.

This software provides you with different tools to increase your sales. Furthermore, this software allows you to manage your orders in order to provide one of the best services to your clients. Another unique thing about this software is it provides you with services related to managing your restaurant’s resources. So, that you can avoid wasting of food. In short, this software is one of the most appropriate software that can help you in managing your restaurants.

Description:

Founded: in 2010
Headquarters: Toronto, Canada

Key Features:

This software helps you in managing your orders and sales.
You can monitor your staff performance with the help of this software.
It provides you with the facility of managing your resources to avoid wastage of food.

9. HungerRush

HungerRush is also one of the most famous accounting software that is listed in this article. This company was established in 2003 in the United States. However, this company has spent almost 20 years in this business. However, it still has managed to provide services to thousands of customers worldwide. This company is actually established to provide each and every service that is important to run a restaurant in a better way.

You can use this software to manage your payments. So, that you can record your revenue accurately. Another unique thing about this service is it gives you various tools that can help you in handling orders more accurately. Furthermore, you can use this software for better marketing of your company. Hence, on seeing all these things, one thing is clear: this software is surely the right choice to consider for the management of your restaurant.

Description:

Founded: in 2003
Headquarters: Texas, United States

Key Features:

This software allows you to manage your accounts more easily.
You can use this software for marketing your restaurant as well.
This software helps its clients to handle their orders with more accuracy.

10. Xero

The next one of the most popular companies that can help you in managing your accounts is none other than Xero. This company was established in 2006 in New Zealand. This company was founded by Rod Drury who is quite a famous business entrepreneur in New Zealand. Moreover, this company is currently under the management of Sukhinder Cassidy, who has been serving as the CEO of Xero since 2023.

This software allows you to manage your business accounts through multiple tools. And the best thing about this software is it is available as a mobile phone application. Hence, you can manage your restaurant anywhere without any difficulty. Another unique thing about this software service is it allows you to pay your bills through multiple methods. Lastly, this software is used by more than 3 million users, which shows that it is a very definitive service to use.

Description:

Founded: in 2006
Headquarters: Wellington, New Zealand

Key Features:

This software is available at a very reasonable cost. In fact, you can use this software just by paying $25 per month.
You can use this software even on your mobile phone.
This software also allows you to pay your bills and estimate your sales easily.

11. DAVO

Davo Technologies is another of the best service providers to help you manage your accounts. This company was established in 2011 in the United States. It is actually quite famous due to its tax and sales management services. Moreover, this company was co-founded by David Joseph and Owen Brown who both have even served as the CEO of this company since its start.

Furthermore, this company provides one of the most useful tools to manage your accounts. Another good thing about this company is it provides you with assistance in filing taxes. Hence, you can manage your taxes with this service more easily. Apart from this, you can record your daily sales with the help of this service, which is also very impressive. In short, if you are struggling with managing the taxes of your restaurant, then this service is surely the right choice for you.

Description:

Founded: in 2011
Headquarters: Maine, United States

Key Features:

This software helps you to pay your taxes on time.
You can use this software to record your sales.
This software provides its services in many countries across the Globe which is great.

12. Epos Now

Epos Now is also one of the best accounting software that is listed in this article. This company was founded in 2011 and has been serving in this sphere for more than 10 years. Epos Now was founded by Jacyn Heavens who is even serving as the CEO of this company. Jacyn is a very famous entrepreneur in the United Kingdom and provides some of the best pieces of advice in this business to many people around the Globe.

This is a cloud-based accounting software that provides many facilities other than accounting. For example, you can manage your staff with the help of this software. Besides this, you can manage your accounts and record every delivery accurately with the help of this software. And lastly, this software provides in-time reporting that helps you to track your restaurant performance more easily at the exact time.

Description:

Founded: in 2011
Headquarters: Norwich, United Kingdom

Key Features:

This software provides many useful tools to manage your accounts and sales.
You can check the performance of your staff with the help of this software, which is quite impressive.
You can analyze your restaurant’s performance with the help of its in-time reporting system.

13. Plate IQ

Plate IQ is also one of the best options for those who want to manage their restaurant accounts more easily. This company was established in 2014 in the United States. Although, this company is quite new in this business. Yet it has managed to earn the trust of many customers across the Globe. This company was co-founded by Bhavuk Kaul and Ram Jayaraman. Currently, it is working under the management of Barret Boston who is serving as the CEO of Plate IQ.

The best thing about this software is it provides AP automation tools that can allow you to perform all accounting-related work quickly. In fact, according to its claim, this software can help you to perform 90% of your work in seconds, which is great. Furthermore, it also helps you to generate invoices and pay bills without facing any difficulty. Another good thing about this service is it allows you to make money transactions through multiple methods, which is also very unique.

Description:

Founded: in 2014
Headquarters: California, United States

Key Features:

This software provides you with the facility of storing data. Hence, you can analyze your company’s performance whenever you want.
You can pay your bills easily with the help of this software.
This software provides you with the facility of managing accounts along with recording sales.

14. CrunchTime

Last but not least, the option that you can choose to manage accounts of your restaurant is none other than CrunchTime. This company was founded in 1995 and has been working in this business for more than 25 years. Besides this, this company was founded by Bill Bellissimo, who is even serving as the President and CEO of this company. This software is actually designed especially for restaurants to provide them with the best solution to manage their accounts.

Furthermore, this software also helps restaurant owners to manage various other departments of their business. Hence, you can manage your company’s performance with the help of this software. Besides this, you can manage your staff’s performance and even help them to increase their sales. In short, if your goal is to use this type of software that provides many services related to the management of your restaurant, then this software is surely` the right choice for you.

Description:

Founded: in 1995
Headquarters: Massachusetts, United States

Key Features:

You can use this software to track your restaurant’s performance.
This software allows you to distribute tasks among your staff.
You can use this software to increase your sales.

15. QuickBooks

QuickBooks is one of the most popular accounting software that is very popular across the Globe. This software was released in 1983. Hence, we can say that it is one of the oldest accounting software that has been serving for more than 40 years. This software is developed by Intuit, which is one of the most famous companies that provides software for the management of different businesses.

In case if you are running a small restaurant, then QuickBooks is surely one of the right choices for you. Because this software provides one of the best tools to manage accounts of small businesses, furthermore, you can record and analyze your data with the help of this software.

Besides this, it also allows you to generate invoices automatically, which is also very impressive. In simple words, if you want to use accounting software that can secure your sales data, then this software is surely one of the best choices for you.

Description:

Founded: in 1983
Headquarters: Arizona, United States

Key Features:

This software is available at very reasonable prices, which is great.
You can use this software to analyze your financial data.
This software provides one of the best solutions to manage your bills, invoices, etc.

Wrapping Up:

Managing accounts of the Restaurants is not an easy task. As we know, the food business is evergreen. So, it takes a lot of effort to manage the accounts of any restaurant. Because tracking sales, estimating the profit, and managing your restaurant resources takes a lot of effort. Hence, you need a smart solution to manage all these tasks.

Hopefully, after reading this article, you can get the right accounting software that is suitable for your business! We wish you best of luck!