Restaurant365
Restaurant365 is an all-in-one restaurant management software that integrates accounting, inventory, scheduling, and payroll into a single cloud-based platform to help you control food costs and increase store profitability.
xtraCHEF by Toast
xtraCHEF is an automated inventory and accounts payable platform designed for restaurants to digitize invoices, track real-time ingredient price fluctuations, and manage food costs to protect your profit margins.
Quick Comparison
| Feature | Restaurant365 | xtraCHEF by Toast |
|---|---|---|
| Website | restaurant365.com | xtrachef.com |
| Pricing Model | Subscription | Freemium |
| Starting Price | $469/month | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2011 | 2015 |
| Headquarters | Irvine, USA | New York, USA |
Overview
Restaurant365
Restaurant365 provides you with a unified platform to manage every aspect of your restaurant operations. Instead of jumping between disconnected systems, you can handle your accounting, inventory, and labor management in one place. This integration allows you to see your true food costs and labor expenses in real-time, helping you make faster decisions that protect your margins.
You can automate manual tasks like invoice processing and bank reconciliations while gaining deep visibility into your store's performance through detailed reporting. Whether you run a single independent location or a national franchise, the software scales to meet your needs by connecting directly with your POS system and broadline food distributors to streamline your entire back-office workflow.
xtraCHEF by Toast
xtraCHEF helps you take control of your restaurant's back-of-house operations by automating the tedious manual work of data entry. You can simply snap a photo of your paper invoices or upload digital copies, and the system automatically extracts line-item data, maps it to your general ledger, and syncs it directly with your accounting software. This eliminates human error and ensures your financial records are always up to date.
Beyond simple bookkeeping, you can monitor price trends for every ingredient you buy, allowing you to spot sudden cost spikes before they eat your profits. The platform also enables you to build digital recipes and calculate exact plate costs based on live invoice data. Whether you run a single independent cafe or a large multi-unit restaurant group, you get the visibility needed to make smarter purchasing decisions and keep your food costs in check.
Overview
Restaurant365 Features
- Integrated Accounting Manage your general ledger, accounts payable, and financial reporting with a system built specifically for restaurant industry requirements.
- Smart Inventory Track your theoretical versus actual food costs and automate your ordering process to reduce waste and prevent overstocking.
- Labor Scheduling Create employee schedules based on sales forecasts and track labor targets to ensure you stay within your budget.
- AP Automation Scan and digitize your paper invoices automatically to eliminate manual entry errors and speed up your payment cycles.
- Manager Logbook Communicate across shifts and track daily notes, weather impacts, and staff performance in a centralized digital record.
- Custom Reporting Build detailed financial and operational reports to identify trends across multiple locations and improve your bottom line.
xtraCHEF by Toast Features
- Automated Invoice Processing. Snap photos of invoices to automatically extract line-item data and sync it with your accounting system without manual typing.
- Real-time Inventory Tracking. Monitor your stock levels in real-time based on purchases and sales to reduce waste and prevent over-ordering.
- Recipe Costing. Build digital recipes that update automatically with your latest invoice prices so you always know your exact margins.
- Price Trend Alerts. Get notified when ingredient prices fluctuate so you can negotiate with vendors or adjust your menu pricing immediately.
- Purchasing Insights. Analyze your spending across different locations and vendors to identify opportunities for bulk savings and better deals.
- GL Code Mapping. Automatically categorize every line item to your specific general ledger codes for faster, more accurate month-end closing.
Pricing Comparison
Restaurant365 Pricing
- Financial accounting
- Accounts payable automation
- Bank integration
- POS integration
- Financial reporting
- Manager logbook
- Everything in Essential, plus:
- Inventory management
- Recipe costing
- Food waste tracking
- Smart ordering
- Labor scheduling
xtraCHEF by Toast Pricing
- Limited monthly invoice scans
- Basic invoice extraction
- Mobile app access
- Digital document storage
- Basic reporting
- Everything in Lite, plus:
- Increased invoice volume
- Full accounting integrations
- Line-item price tracking
- Vendor management tools
- Standard support access
Pros & Cons
Restaurant365
Pros
- Eliminates manual data entry between POS and accounting
- Provides excellent visibility into theoretical food costs
- Streamlines multi-unit reporting into a single view
- Strong integration with major food distributors
- Simplifies the period-end closing process significantly
Cons
- Significant time investment required for initial setup
- Learning curve can be steep for non-accountants
- Mobile app functionality is more limited than desktop
- Customer support response times can vary
xtraCHEF by Toast
Pros
- Saves hours of manual data entry every week
- Highly accurate line-item extraction from messy paper invoices
- Seamless integration with popular accounting tools like QuickBooks
- Provides immediate visibility into rising ingredient costs
Cons
- Initial setup and GL mapping requires significant time
- Mobile app can be slow when uploading many invoices
- Learning curve for staff unfamiliar with inventory software