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What is NetSuite Restaurant Accounting Software?

NetSuite’s restaurant accounting software centralizes financial management, inventory, and operations in a single cloud platform built especially for the food service industry. By connecting front- and back-of-house operations with POS and accounting systems, the solution delivers real-time insights into costs, cash flow, and compliance to help restaurants successfully manage their finances, payments, and multilocation operations.

Automate restaurant accounting and drive operational efficiency

Improve, simplify, scale

NetSuite restaurant accounting eliminates manual processes and gives operators the visibility they need to improve operations and make fast, data-driven decisions that support growth and drive profitability.

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NetSuite Restaurant Accounting Software features

NetSuite restaurant accounting addresses every aspect of restaurant finances, from managing cash for ingredients and payroll to processing guest checks across franchises and closing the books.

General ledger

NetSuite records and verifies every transaction across all locations in its flexible, customizable general ledger. The system automatically organizes data by menu item, restaurant, or brand for accurate reporting, analysis, and compliance documentation.

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Cash management

Customizable dashboards present restaurateurs with a menu of real-time financial data, including liquidity ratios, seasonal labor and ingredient costs, along with a view of fluctuating sales patterns to inform decisions that strengthen the business’s financial position.

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Accounts receivable

Accelerate cash flow and reduce administrative overhead for B2B and B2C transactions with automated invoicing, follow-ups, and payment processing. POS integration processes multiple payment methods across locations and automatically updates centralized accounts.

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Accounts payable

NetSuite simplifies AP by digitizing invoices, matching POs, and automating payments while easing multisupplier management, so restaurants pay all their vendors accurately and on time. Built-in approvals help control costs and minimize errors or fraud.

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Account reconciliation & close management

NetSuite automates reconciliation for payables, receivables, banks, credits, and third-party or POS transactions, including franchise locations. The system facilitates the financial close by automatically posting journal entries, consolidating results, and routing approvals.

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Tax management

Restaurants must adhere to specific tax rules for complex employee classifications, tipped wages, and global VAT/GST and sales tax differences, across multiple jurisdictions. NetSuite helps restaurants comply with local, state, and federal requirements and creates detailed audit trails.

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Guest management

NetSuite blends real-time data on menu performance, payment details, and guest purchase history—details that guide restaurants in refining prices, engineering menus, and crafting personalized offers that keep diners coming back.

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Asset management

NetSuite manages fixed and current assets, like equipment and inventory. It follows the full lifecycle of fixed assets, from purchase through disposal. For current assets, it monitors use and updates stock levels as demand changes.

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Franchise management

NetSuite’s franchise capabilities simplify onboarding, billing, and royalty collection. This critical feature connects sales reporting, manages recurring fees, and tracks real-time performance.

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Transform your business with NetSuite
Restaurant Accounting Software

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Cutting out the manual time and energy that goes into the QuickBooks system has really saved us on payroll.

Jordan DeCicco, Founder, Super Coffee

NetSuite Restaurant Accounting Software benefits

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  • More accurate financials. Automated reporting and integrated data help restaurateurs confidently make decisions that best serve customers and grow the business.
  • Up-to-date metrics. Role-based dashboards provide real-time insights into menu performance, ingredient and labor costs, and cash flow so operators can make quick, informed adjustments when conditions change.
  • Meet financial deadlines. Automated statements and consolidated reporting speed the financial close, enabling restaurants to reliably meet financial reporting and regulatory deadlines.
  • Improved forecasting and planning. Data and analytics tools help restaurants accurately forecast sales, expenses, and cash flow, supporting more effective budgeting and long-term planning.
  • Scalable operations. NetSuite offers additional functionalities as restaurants expand their capabilities—easily add new locations, concepts, and franchisees.

Challenges NetSuite Restaurant Accounting Software solves

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  • Manual processes. Replacing spreadsheets and disconnected systems with automated workflows frees staff from repetitive tasks so they can focus on higher-value and customer-focused work.
  • Limited data visibility. So long, silos. NetSuite’s unified system lets restaurants access detailed financial and operational data across all sales channels, locations, and franchises, 24/7.
  • Excess spending. Integrating financials with demand planning, procurement, and inventory helps restaurants tame costs, strengthen margins, and solve problems ranging from overstaffed shifts to underpriced menus.
  • Compliance complexity. Automated tax calculations, reporting, and compliance documentation reduce the risk and administrative burden associated with financial and health and safety regulations.
  • Fragmented customer service. By connecting guest services, loyalty program, and order management data with accounting systems, restaurants gain a deeper understanding of guest behavior and can improve the customer experience.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How much does NetSuite Restaurant Accounting Software cost?

Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

NetSuite Restaurant Accounting Software is available as an add-on module.

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Resources

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Data sheets

Access specifications, features and benefits of NetSuite Restaurant Accounting Software.

Please note that some capabilities described on the page require partner integrations.