Restaurant Accounting Software for Business Growth
Track revenue, analyze and minimize waste, control food costs, and boost profits with a comprehensive solution tailored for restaurant businesses. Polaris ERP is natively linked with sales, inventory, purchase, recipe management, now with compliance and tax management.
Benefits of Restaurant Accounting Software
Boost Profits
Track food costs and operations expenses, analyze sales, manage inventory and make growth decisions informed by real-time data.
Save Time
Automate restaurant accounting and financial management, streamline daily operations, get real-time financial reports on profit & loss.
Ensure Compliance
Eliminate human errors resulting from manual data management and ensure financial accuracy.
Scale Easily
Get real-time insights, enabling better decision-making and operational efficiency, for growing and scaling your F&B business.
Instant Coordination with POS, Inventory and Purchase Software
Accounting Software for All F&B Businesses
From small cafes, to multi-branch restaurant chains, full dining or quick service restaurants, Polaris ERP’s restaurant accounting software is designed to serve all F&B businesses.
Advanced Features for Restaurant Businesses
Polaris ERP's Restuarant Accounting Software vs Competitors
What makes Polaris ERP different is its adaptability to the F&B environment, with all systems connected and full compliance with tax management.
All-in-One Restaurant ERP Solution
Polaris ERP's Restaurant Accounting Software Strengths
Polaris ERP connects restaurant accounting with POS, inventory software, purchase system, and food cost calculator. Here is what Polaris ERP’s restaurant accounting software covers:
- Bookkeeping: Polaris ERP tracks everything from income, to expenses, to financial transactions, in an automated manner.
- General ledger: It provides centralized accounting data for financial oversight.
- Accounts payable and receivable: handles invoices, payments and billing.
- The built-in point of sale (POS) natively communicates sales data with the accounting system, reconciling daily receipts.
- Sales Report - shows sales performances, including peak hours and best selling items; more than regular restaurant software, Polaris ERP also shows the best performing tables, employees, days of week, dishes, and top combos.
- Real-time stock sync: Inventory levels are updated instantly in the accounting system after each sale, purchase, or stock adjustment. Sales data from POS are directly reflected in inventory and accounts for accurate cost calculations.
- Ingredient costing and COGS calculation: The inventory system tracks the cost of each ingredient used. The accounting software calculates the cost of goods sold (COGS) for accurate profit and loss (P&L) reporting.
- Purchase order tracking: Inventory system generates purchase orders, which are tracked in the accounting module. The accounting module ensures supplier invoices match received goods, avoiding discrepancies.
- Waste Analysis: Inventory system tracks wastage, shrinkage, and spoilage.Accounting software logs the financial impact of these losses, providing actionable insights.
- Budgeting and Forecasting: Historical data from inventory and accounting systems informs purchasing budgets. This helps prevent overstocking or shortages, saving costs.
- Payroll processing: calculates wages, including taxes and direct deposits.
- Time tracking: logs staff’s worked hours
- Only advanced restaurant ERP software are able to provide this data.
- Profit & Loss Statement (looks into everything from revenue, expenses, and profits)
- Balance Sheets (provides a summary of the assets, liability and equity)
- Cash Flow Statements (manages liquidity, tracking inflows and outflows, makes cash-flow predictions)
- Tax Calculation: Polaris ERP provides automated tax calculations and supports the preparation of tax filings.
- Regulatory Compliance: It assures adherence to industry standards, tax and labor regulations.
- Supplier Sync: Polaris ERP connects the accounting software with the purchase system, syncing supplier data for streamlined invoice payments and accurate expense tracking.
- Price Monitoring for Better Deals: The system tracks price fluctuations from suppliers, empowering restaurant owners to identify trends and negotiate more favorable pricing.
- Efficiency in Financial Management: Automated updates between the purchase and accounting modules ensure real-time visibility of costs, reducing manual errors and improving financial decision-making.
- Third party integrations: Polaris ERP is integrated with UrbanPiper, a third-party aggregator, which allows easy integration with food delivery apps like Deliveroo, Talabat, Noon, etc.
- APIs: Polaris ERP allows integration with various business applications. Furthermore, it customizes specific technologies to fit customers’ requirements.
How Restaurant Accounting Software Works
Polaris ERP’s restaurant accounting software is a comprehensive solution designed to help restaurant owners and managers improve profitability and streamline operations. It provides real-time insights into profits, expenses, cash flow, and financial projections, enabling better decision-making. By natively communicating with the purchase system, it organizes supplier data, tracks price fluctuations, and automates invoice payments, ensuring financial accuracy and operational efficiency.
With features like financial management, inventory tracking, payroll processing, sales monitoring, tax compliance, and financial reporting, Polaris ERP serves as an all-in-one platform for F&B establishments. Its integration capabilities and flexibility make it an indispensable tool for modern restaurants seeking to enhance efficiency and scale effectively.
How Restaurant
Accounting Software Solves Key Issues
Reduces human errors in financial calculations and data entry by automating bookkeeping and accounting tasks.
Saves time by streamlining processes such as payroll, invoicing, and inventory management, allowing staff to focus on core business activities.
Enhances financial visibility with real-time reporting and analytics, aiding in informed decision-making and strategic planning.
Improves cash flow management by tracking receivables and payables, helping businesses maintain healthy liquidity.
Restaurant Accounting Software FAQ
Using Polaris ERP accounting software is actually very intuitive. In addition to our friendly and modern interface, we provide training to each user, depending on their access levels, assuring they master the modules.
Polaris Technology can integrate previous accounting data by importing existing financial records, such as transaction history and balance sheets, into their system, ensuring a logical and accurate transition and continuity of financial data.
The strength of Polaris ERP lies in its capability to efficiently manage operations across multiple locations, providing centralized control and consistent coordination for businesses with diverse branch networks.
Polaris ERP is a native restaurant software that comes equipped with POS and other operational tools. This makes capturing sales data, P&L data, cashflow numbers and more easy and accurate. The platform automates financial entries, and provides smooth communication between various individual systems for simplified operations and accurate reporting.
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