ACH Payment Set-up
Restaurant365 has the capability of paying vendors by ACH (Automated Clearing House) payment. There are some system set-up requirements so follow the set-up steps below to use this functionality to pay...
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Bank Deposit
The Bank Deposit window is used to record the depositing of funds, from any source, to one of your cash accounts. To open a new Bank Deposit, click on ‘Banking’ in the top ribbon and then select...
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Bank Withdrawal
The Bank Withdrawal is used to pay non-vendors and record withdrawals directly from your bank account. There is no invoice, credit memo, or official vendor associated with it. You will, however, have...
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Bank Transfer
The Bank Transfer window is used to record the transfer of funds between an organization’s cash accounts. The system does not initiate the transfer of funds with the bank itself. This would be done...
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Using the Bank Activity Screen
Overview The purpose of the Bank Activity screen to make it simple to match your bank statement to transactions already in the system electronically. It also allows easy creation of new deposits and...
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Bank Reconciliation
A Bank Reconciliation is a period end (or month end) procedure used to ‘true-up’ the records in your accounting system to the actual activity in your bank account (as reported by your bank.) Step 1:...
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Where can I see my Bank Account Balance?
You can see your bank account balances in a few different places in Restaurant365. 1. GL Account Detail Report 2. Check Register Report 3. On Bank Transaction screens 1. In ‘My Reports’, under...
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Positive Pay
Positive Pay Overview The positive pay feature (sometimes referred to as safe pay) allows the user to export a list of checks from R365 in a format to be uploaded to the bank. The purpose of the upload...
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Adding A New Bank
When setting up Bank Accounts you may need to add a ‘Bank’ to Restaurant365. You should have a Bank set up for each Bank that you have Bank Accounts set up for in Restaurant365. To add a new Bank...
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Entering Beginning Balance Transactions
When implementing Restaurant365 you will need to input beginning balance transactions for GL Balances, Open AP Transactions, Open AR Transactions, and Unreconciled Bank Transactions. The majority of...
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Bank Balance vs GL Account Balance
To make sure your bank balances to the GL, you should verify that the “Statement Balance + Uncleared” value on the reconciliation report (circled in red in image below) and the GL account balance for...
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Check Run – Applying Discounts
During a Check Run, when you have an Invoice with a possible discount to take, you will see “D” in the far right hand column of the Invoices tab on the Check Run screen. To apply the discount, do the...
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Reconciling Credit Cards
In order to reconcile a credit card, the credit card must be set up like a bank account so that you can create reconciliations for that account. For more information on setting up accounts click here....
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Autonumbering
In Resaurant365, unique identifiers are important for numerous reasons. To allow for the easy creation of unique records, many transactions have an Autonumbering feature that is managed under the...
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Bank Account Record
GL Accounts can also be classified as Bank Accounts by checking the ‘Is Bank Account’ checkbox on the GL Account Record. Click here for more information on GL Account Records. To create a new Bank...
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GL Account – Disable Entry
If a GL Account is going to be a true Summary Account, we can Disable Entry for the account. The values in the account going forward will only be a sum of the Child Accounts that are associated with...
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GL Account – Available To Managers
If non-Accounting users (Users with the security role of Restaurant Manager) need access to a GL Account, that Account must be flagged as Available to Managers. As non-Accounting users do not have...
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Check Printing Setup (USA)
Restaurant365 allows users to print their own checks without relying upon pre-printed check stock. This gives users greater flexibility and added security as they will not have to keep pre-printed...
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Check Printing Setup (CAN)
Restaurant365 allows users to print their own checks without relying upon pre-printed check stock. This gives users greater flexibility and added security as they will not have to keep pre-printed...
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Where can I see my Bank Account Balance?
You can see your bank account balances in a few different places in Restaurant365. 1. GL Account Detail Report 2. Check Register Report 3. On Bank Transaction screens 1. In ‘My Reports’, under...
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