Restaurants of various shapes and sizes must navigate a challenging industry with a number of obstacles. Profitability in the face of thin profit margins, high overhead costs, and the ever-present threat of food and cash shrinkage can be difficult to maintain for managers that lack strong restaurant back office tools. Computer Business Solutions’ created new restaurant specific functionality within Microsoft Dynamics NAV to provide management the tools to improve performance in these areas.
Restaurant Back Office challenges solved:
Financial Analysis & Reporting Flexibility (read more)…
- Generate financials by week, or any date range, even with monthly accounting periods.
- Rapidly analyze revenue & cost of sales by Restaurant/Area Manager/ Food/Beverage/Alcohol/Catering/Breakfast/Lunch/Dinner/etc.
- Report on Promotions, Coupons, Guest Counts, etc.
- Easily validate local cash draws and restaurant purchases on credit.
- Allocate vendor bills that span accounting periods so the correct portion is booked to each related accounting period.
- These features are available with or without a restaurant POS back office system, and without expanding the G/L accounts.
Reduce Cash Shrinkage with 3-way Reconciliation of Bank, Credit Card, and POS (read more)…
- Reduce delayed deposits and shrinkage.
- Electronically perform daily, weekly, and monthly reconciliation of restaurant reporting.
- Electronic feed from bank reconciles actual deposits.
- Electronic feed from credit card processor reconciles credit card settlements.
- Electronic bank statement files may include transactions that have not yet been financially recorded and posted. Our bank reconciliation module provides functionalities to process these transactions directly from statement files.
- Process bank fees and charges, generating the appropriate accounting entries.
- Process incoming electronic fund transfers from corporate customers or catered sales.
- Pay vendors via ACH.
Seamless Connection to POS systems (read more)…
- Avoid double keying data from each location into accounting.
- Seamlessly connect restaurant POS and back office systems including Aloha, MenuLink, POSitouch, NavStar, and Micros with Microsoft Dynamics NAV accounting.
- Daily sales, purchase transactions, and inventory transactions are all transferred to Dynamics NAV.
Franchisee Billing Automation (read more)…
- Track both gross franchisee store sales as well as franchisor fees (marketing, co-op fees)
- Automatically bill franchisees based on reported sales.
- For franchisees that fail to report, fees may estimated and calculated based on history.
- Estimated franchise fees are reversed when actual sales are reported.
