Ayesha AftabIt does not matter if you own a small cafe in countryside or a big hotel in the city center, accounting for a restaurant can be quite a challenge.
Restaurant accounting is a field of accounting in which the financial records, financial reporting and transactions in specific to restaurant industry are dealt with.
Choosing the most suitable Bookkeeping software is crucial as it can play quite a role in the overall success of a business. The financial transactions are huge in number, the inventory management, keeping track of the wastages, compliance with tax regulations is difficult. It can not be handled traditionally by humans only, if it is the chances of error and inaccuracy rise substantially.
Key Features that should be considered while choosing the software are :
- Inventory tracking
- Online payment
- Integration with Point Of Sale (POS) system
- Expense tracking
- reporting and analytics
