WE OFFER THE SERVICES YOU NEED TO ATTAIN FISCAL EXCELLENCE IN YOUR OPERATION
- Entering invoices, including scanning & workflow
- Using advanced OCR/AI to extract data directly from scanned invoice images, then feed into R365 for routing & approval
- Weekly/Monthly statement reconciliations
- Automated Payment Services
- Invoice payment using advanced OCR/AI and /or R365 – checks, ACH, & virtual cards with cashback rebates
- Vendor A/P maintenance
- Weekly/Bi-Weekly/Bi-Monthly payroll processing
- Payment by check, direct deposit, or payroll debit card
- Manual payroll and termination payments through payroll debit cards
- Reconciliation of payroll from POS to 3rd-party payroll processing software
- Payroll implementation & conversions to new providers
- Timely monthly financial statement issuance
- Monthly reconciliation of all balance sheet GL accounts for consistent accuracy
- Weekly reconciliation of 3rd-party delivery companies & other accounts receivable
- Weekly KPI & flash P&L reporting
- Daily same store sales & other metric reporting
- Customized reports that your operators can understand, including performance scorecards, stacked/ranked reporting allowing you to benchmark operational performance, etc.
- Implementation of Restaurant365 Financial & Operations modules
- Maintenance of Restaurant365 security & chart of accounts
- Implementation of restaurant operations modules, including recipe costing & labor forecasting
- Implementation & management of Plate IQ
- Implementation & maintenance of various payroll software (ADP, Paylocity, Heartland, etc.)
- Sales & use tax preparation/filing
- Income tax preparation/filing
- Taxes & license compliance
- Budgets, forecasts, & cash flow analysis
- New store opening & pre-opening maintenance
- Managing financial audits & preparing compliance documentation
- Due diligence for potential investors and acquisitions
- Ability to support needs of private equity investors
- Inventory management
- Analysis & planning of growth and concept strategies
Timely, Accurate Financials. Every Time.
Timely Financials.
In the fast-paced and competitive restaurant industry, having up-to-date financial information allows you to assess the financial health of your operation promptly, so you can anticipate and address any potential financial challenges ahead.
Accurate Financials.
Having a true, clear picture of your operation’s performance enables you to identify trends, spot areas of improvement, and make strategic adjustments to enhance operational efficiency.
Every Time.
Knowing you can rely on timely and accurate financials will allow you to make informed decisions that drive profitability, ensure financial stability, and pave the way for long-term success in a dynamic industry.
Our Proven Restaurant365 Implementation Process Delivers Rapid Results
1. Onboard
A dedicated account manager guides your operation through our 65-point checklist covering 7 critical categories of information.
2. Implement
We deploy Restaurant365 & optimize its configuration to your operation’s unique requirements in as little as 2 weeks.
3. Migrate
All the information gathered during Onboarding is uploaded to your Restaurant365 instance giving you immediate real-time visibility into your operation.
4. Manage
With Restaurant365 live, we can extract insights to implement best practices that will streamline your operation, and prepare your concept for growth.
5. Communicate
Timely financial reports on a weekly, monthly, and quarterly basis will now be your norm, and can easily support your forecasting, budgeting, and much more.
Best in Class Partnerships
R&R FMG partners with peerless vendors who help us create an eco-system of service providers dedicated to your success.
ADP
Easily run payroll, save time, and keep your business compliant.
