P & L view
tracking
Awards and accomplishments
Why does a restaurant need an ERP-integrated accounting software?
Avoid
double entries
Prevent
revenue leakage
Stay compliant
at all times
How Gofrugal’s accounting software benefits your business
Save time with automated accounting
Eliminate manual bookkeeping with automated sales, expenses, and payment tracking that gives you more time to focus on business growth.
Reduce errors and improve accuracy
Prevent human errors in calculations and financial reporting with real-time, automated entries to avoid data mismatches.
Ensure seamless tax compliance
Automate GSTR filings, e-invoices, and tax-wise reports. Stay compliant with easy tax filing and error-free automated calculations.
Control over costs and expenses
Monitor food costs, overhead expenses, supplier payments, and operational costs all in one place to improve cost control and profitability.
Improve vendor and supplier relationships
Pay suppliers on time with scheduled payments and streamlined financial tracking, ensuring a strong and reliable supply chain.
Make smarter business decisions
Analyze revenue trends, cost structures, profit margins, and supplier performance to identify areas for improvement and achieve maximum financial efficiency.
Why choose Gofrugal's restaurant accounting system?
Insightful business health dashboard
Monitor sales, expenses, profits, and outstanding balances using a comprehensive financial dashboard. Identify areas to reduce costs and maximize profits with data driven reports.
Real-time sales reconciliation
Connect your POS system with accounting software to sync sales data automatically to prevent mismatches; track non-inventory sales, customer vouchers, and credit notes; and ensure accurate revenue tracking.
Consolidated profit and loss statements
View profit and loss statements across owned and franchise outlets and central kitchens—individually or combined. Analyze the profitability for individual outlets and make informed decisions with accurate P&L statements.
Financial transparency with trial balance and balance sheets
Use real-time trial balance and balance sheet reports to ensure complete transparency in financial transactions and stay audit-ready by maintaining compliance.
Hassle-free tax compliance with automated tax reports
Generate multiple tax reports including GSTR 1, 2, 2B, and B2B reports for seamless tax filing. With our built-in e-invoicing and e-way bill feature, you can manage all your invoices effortlessly.
Manage multi-outlet finances and accounting
Track individual and consolidated financial reports for multiple outlets. Categorize financials for franchise versus owned restaurants and track their purchase costs and turnover individually. Gain centralized accounting control along with the freedom to manage individual outlets' finances.
Save time with automated bank reconciliation (BRS)
Identify discrepancies and prevent financial errors by automatically matching the transactions with your bank statements. Ensure faster reconciliation and smoother financial reporting with BRS software.
Streamline payments with voucher rules and AR/AP reports
Set up custom voucher policies to control financial transactions, get detailed AR/AP reports to track outstanding payments, and reduce delayed payments with automated tracking and reminders for pending payments.
Simplify payouts with beneficiary management
Add and track beneficiary details for smooth financial transactions, ensure secure and error-free payments to vendors and staff, and maintain a clear record of all payouts for transparency.
What is a restaurant accounting system?
A restaurant accounting system is a tool for financial management that is used to monitor and manage sales, expenses, tax, and financial data in a restaurant. Unlike conventional accounting software, restaurant accounting software is tightly integrated into restaurant POS systems to offer real-time financial views, automate tax reports, generate purchase and sales reports, and perform reconciliation without hassles.
By adopting restaurant accounting software, restaurant owners can oversee and control their business health, maintain tax compliance, and make informed financial decisions to improve profitability.
Seamless third-party integrations
Seamlessly connect your restaurant accounting software with leading third-party applications and hardware. Enhance your business operations with smooth integrations for accounting, payment processing, ecommerce, and more.
How do aspiring businesses use Gofrugal's restaurant accounting software to grow their brands?
Gofrugal is the future-proof POS we needed to meet customer needs with promotional offers and continuous billing. ServQuick powers 30% of our growth, playing a vital role in building our extensive customer base.
Ms. Priscilla Darshani
Jody's Restaurant, Fiji
Switching from fast food to a restaurant, ServeEasy offered fast billing, smart reports, GST summaries, inventory management, supplier tracking, and streamlined payment processing. The centralized dashboard for food aggregators kept us a top seller.
Mr. Jey Charan
Tasty Kitchen, Chennai
Gofrugal's inventory system reduced wastage costs by configuring the right quantity of ingredients required to prepare a particular food item. We are also able to manage orders across our various outlets in a simpler and easier way.
Mr. Arivu and Mr. Deepak
Abi Sweets and Pastries, Chennai
Challenges in restaurant accounting and our solution
- Unclear profitability
- Returns management
- Tax compliance complexities
- Track financial performance
Challenge
Unclear profitability and hidden expense leaks
Solution
Many restaurants miscalculate profits due to untracked expenses, leading to unnecessary cost-cutting and quality compromise. With real-time tracking and financial dashboards, you can optimize costs without compromising quality.
Challenge
Inefficient purchase and returns management
Solution
Restaurants deal with high-volume supplier transactions and mismanaged purchase orders leading to lost inventory and payment issues. Automate tracking, returns, and supplier payments for complete visibility and control.
Challenge
Restaurant-specific tax compliance complexities
Solution
Restaurants deal with multiple tax rates, dine-in versus delivery GST, and location-based variations making manual tax filing error-prone. Automate GSTR reports, e-invoicing, and direct tax filings for hassle-free compliance.
Challenge
Tracking financial performance across multiple outlets
Solution
For multi-outlet restaurants, consolidating financials across different locations is challenging, leading to unclear business insights. Get detailed outlet-wise and consolidated reports to track revenue trends and optimize operations with centralized control.
Overview of restaurant accounting systems
How does restaurant accounting software help with daily expenditures and profit?
Gofrugal's restaurant accounting software tracks daily sales, expenses, payments to vendors, and payroll. It also gives instantaneous insights into the restaurant's finances. Profit and loss statements are generated automatically and keep track of costs and profits, making it easy to monitor your restaurant's profitability.
Can restaurant bookkeeping software track food costs and payments to suppliers?
Yes! Our software helps you track the cost of ingredients and finished goods, the invoices raised by suppliers, and the amounts owed, which improves cost control and makes it easy to keep track of all expenditures.
What makes this the best accounting software for restaurants?
Unlike general accounting software, Gofrugal's restaurant accounting software has been designed specifically for food businesses. It integrates with your POS system, has automated tax calculation, allows for real-time reconciliation, and tracks costs specific to restaurants.
Can I integrate the software with my POS system for easy financial management?
Absolutely! Our accounting software works alongside POS systems to automatically sync sales information, expenses, and financial information which reduces human error and discrepancies.
Does restaurant financial management software automate tax calculation?
Definitely! Gofrugal automates complete GSTR 1, 2, 2B, and B2B reports; e-invoices; and e-way bills for a seamless tax filing experience.
Can the restaurant bookkeeping platform account for multiple locations?
Yes! Whether you have one restaurant, several locations, or franchises, you can evaluate financials by location or integrate reports for greater transparency.
How do I access restaurant financial reports remotely?
Our restaurant accounting software is web-based, allowing access to financial statements from anywhere, at any time, for total transparency into your restaurant operations.
Will restaurant accounting software forecast cash flow for us?
Definitely! You can forecast cash flow and make smart financial decisions based on real-time profit and loss tracking, effective cost management, and financial reports.
Is my financial data secure with cloud-based restaurant accounting software?
Gofrugal includes encryption from end to end and storage in the cloud with backups to ensure your financial information is safe.
How to download free restaurant accounting systems
To download free restaurant accounting systems, click the download link below. You’ll find a free trial version that allows you to explore the features before purchasing the full version.