News & Updates

How Xero can help your restaurant business thrive

  • Tuesday, July 30, 2019

As a restaurant or café owner, it’s likely that you have little free time. What if we told you that you could run your entire restaurant business from your phone?

Well, okay, your chefs can’t cook food from your phone, nor can your wait staff virtually greet and serve your customers, but what you can do from your phone, is manage all your accounting and finances with software that will help your restaurant business thrive.

We’re talking about Xero Accounting – The easy-to-use and access accounting software that allows you to spend less time on the finances and more time delighting your customers.

 

How can Xero help? Let’s find out.

 

Pay Supplier Invoices

Because adding invoices to Xero is so simple, so is taking control of them. The more your hospitality business expands, the more important for you this will be.

Have recurring invoices for regular suppliers you need to pay? These can be set up on Xero too, so you only need to input the data once and there’s no risk of them being missed or left unpaid.

 

Track inventory and stock

Tracking your inventory and stock is easy with Xero.

You can use Xero’s inbuilt functionality to manage inventory. This feature also lets you save details of things you buy and sell regularly. If you hold stock of these items, you can track the quantities and values you have on hand.

Have more complex inventory needs? For greater functionality, you can connect a dedicated inventory app, should you need it.

  

Create Purchase Orders

Xero’s purchase orders function helps you manage your business financials and stay on top of your bills and orders from suppliers.

You can even customise your purchase orders to reflect your unique restaurant or café brand.

 

See your cashflow instantly

Want to know how your business is tracking?

You can get an instant and up-to-date view of your cashflow with the online dashboard – even from your phone! 

  

Pay your staff

Growing hospitality businesses have growing staff numbers, who need to be paid both correctly and efficiently.

The payroll software tools within Xero not only manage these tasks; the tools automatically update your accounts too. Xero also lets you file your pay runs with the ATO in a matter of clicks, making the new Single Touch Payroll requirements easier than ever.

 

Connect Xero to other apps for a complete solution

Need Xero to do even more? With over 700 apps that share data with Xero you can.

Yes, for a complete accounting solution, you can easily integrate scheduling, workflow, inventory and receipt software (just to name a few) so that your business will all be in one place.

As a restaurant or café owner, it’s likely that you have little free time. This is where Xero comes in to help - The easy-to-use and access accounting software that allows you to spend less time on the finances and more time doing what you do best – being hospitable

 

At Crest Accountants on the Gold Coast, we have over 40 years’ experience in working with and advising about the processes, systems, and plans, essential to helping you run your hospitality business. We can help you set up and implement accounting software, such as Xero, to help your business thrive.

We take the time to get to know our clients so that you feel confident we have your best interest at heart. Crest Accountants, accountants you can trust.

Contact us and book an appointment to discuss your accounting software needs today.

 

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