Quick Overview
- 1#1: Restaurant365 - Cloud-based platform delivering automated accounting, inventory, scheduling, and operations management for restaurants and hospitality groups.
- 2#2: M3 Accounting - Multi-property general ledger and comprehensive accounting solution designed specifically for hotels and resorts.
- 3#3: MarginEdge - AI-powered invoice-to-GL accounting, inventory, and recipe costing software for foodservice and hospitality businesses.
- 4#4: Toast - Integrated POS and management system with payroll, accounting, and financial reporting tailored for restaurants.
- 5#5: Oracle Hospitality OPERA - Enterprise property management system featuring advanced financials, revenue management, and accounting for hotels.
- 6#6: Sage Intacct - Cloud financial management software with multi-entity consolidation and hospitality-specific reporting capabilities.
- 7#7: NetSuite - Comprehensive cloud ERP platform with hospitality modules for accounting, billing, and revenue optimization.
- 8#8: QuickBooks Enterprise - Scalable desktop accounting solution with industry editions for hospitality inventory, job costing, and multi-location support.
- 9#9: Xero - Cloud accounting tool that connects with hospitality POS, payroll, and booking apps for streamlined finances.
- 10#10: ProfitSword - Hospitality-focused business intelligence platform for forecasting, budgeting, and accounting analytics across properties.
They were chosen based on their ability to address hospitality unique needs, including robust features for property management, inventory optimization, and multi-location scalability, combined with user-friendly design, reliable performance, and strong value for businesses of all sizes.
Comparison Table
Hospitality businesses rely on specialized accounting software to manage revenue, expenses, and operations; this comparison table breaks down tools like Restaurant365, M3 Accounting, MarginEdge, Toast, Oracle Hospitality OPERA, and more, helping readers assess features and suitability for their specific needs in financial tracking and workflow efficiency.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Restaurant365 Cloud-based platform delivering automated accounting, inventory, scheduling, and operations management for restaurants and hospitality groups. | enterprise | 9.4/10 | 9.7/10 | 8.6/10 | 9.1/10 |
| 2 | M3 Accounting Multi-property general ledger and comprehensive accounting solution designed specifically for hotels and resorts. | specialized | 8.7/10 | 9.2/10 | 7.8/10 | 8.4/10 |
| 3 | MarginEdge AI-powered invoice-to-GL accounting, inventory, and recipe costing software for foodservice and hospitality businesses. | specialized | 8.6/10 | 9.2/10 | 8.3/10 | 8.1/10 |
| 4 | Toast Integrated POS and management system with payroll, accounting, and financial reporting tailored for restaurants. | enterprise | 8.4/10 | 8.6/10 | 9.1/10 | 7.8/10 |
| 5 | Oracle Hospitality OPERA Enterprise property management system featuring advanced financials, revenue management, and accounting for hotels. | enterprise | 8.4/10 | 9.1/10 | 7.2/10 | 7.8/10 |
| 6 | Sage Intacct Cloud financial management software with multi-entity consolidation and hospitality-specific reporting capabilities. | enterprise | 8.4/10 | 8.7/10 | 7.9/10 | 8.0/10 |
| 7 | NetSuite Comprehensive cloud ERP platform with hospitality modules for accounting, billing, and revenue optimization. | enterprise | 8.4/10 | 9.1/10 | 7.2/10 | 7.6/10 |
| 8 | QuickBooks Enterprise Scalable desktop accounting solution with industry editions for hospitality inventory, job costing, and multi-location support. | enterprise | 8.1/10 | 8.4/10 | 7.6/10 | 7.5/10 |
| 9 | Xero Cloud accounting tool that connects with hospitality POS, payroll, and booking apps for streamlined finances. | enterprise | 7.8/10 | 7.2/10 | 9.1/10 | 8.4/10 |
| 10 | ProfitSword Hospitality-focused business intelligence platform for forecasting, budgeting, and accounting analytics across properties. | specialized | 7.6/10 | 8.4/10 | 6.9/10 | 7.2/10 |
Cloud-based platform delivering automated accounting, inventory, scheduling, and operations management for restaurants and hospitality groups.
Multi-property general ledger and comprehensive accounting solution designed specifically for hotels and resorts.
AI-powered invoice-to-GL accounting, inventory, and recipe costing software for foodservice and hospitality businesses.
Integrated POS and management system with payroll, accounting, and financial reporting tailored for restaurants.
Enterprise property management system featuring advanced financials, revenue management, and accounting for hotels.
Cloud financial management software with multi-entity consolidation and hospitality-specific reporting capabilities.
Comprehensive cloud ERP platform with hospitality modules for accounting, billing, and revenue optimization.
Scalable desktop accounting solution with industry editions for hospitality inventory, job costing, and multi-location support.
Cloud accounting tool that connects with hospitality POS, payroll, and booking apps for streamlined finances.
Hospitality-focused business intelligence platform for forecasting, budgeting, and accounting analytics across properties.
Restaurant365
enterpriseCloud-based platform delivering automated accounting, inventory, scheduling, and operations management for restaurants and hospitality groups.
Automated daily sales and inventory reconciliation that syncs POS data directly with general ledger for instant accuracy
Restaurant365 is a cloud-based, all-in-one platform tailored for the restaurant industry, integrating accounting, operations, payroll, inventory management, and scheduling into a single system. It provides real-time financial visibility, automated reconciliation between POS data and accounting, and tools for managing multi-location operations efficiently. Designed specifically for hospitality, it helps restaurants control costs, streamline back-office tasks, and generate actionable insights to drive profitability.
Pros
- Comprehensive integration of accounting, inventory, scheduling, and payroll tailored for restaurants
- Real-time prime cost tracking and automated daily reconciliations with POS systems
- Scalable for multi-location chains with robust reporting and analytics
Cons
- Steep learning curve for new users due to extensive features
- Higher pricing may not suit very small or single-location operations
- Limited customization options for highly specialized workflows
Best For
Multi-location restaurant groups and hospitality chains seeking an integrated solution for accounting and operations management.
Pricing
Custom quote-based pricing, typically starting at $350-$500 per location per month, depending on features and scale.
M3 Accounting
specializedMulti-property general ledger and comprehensive accounting solution designed specifically for hotels and resorts.
Seamless bi-directional integration with major PMS systems for real-time revenue capture and automated journal entries
M3 Accounting from Comtrex is a robust, hospitality-focused accounting software tailored for hotels, resorts, and multi-property operations, handling everything from general ledger and accounts payable/receivable to payroll and inventory management. It excels in integrating with leading Property Management Systems (PMS) like Oracle Opera and Fidelio, automating revenue posting and financial reporting specific to hospitality metrics such as RevPAR and occupancy rates. With strong multi-entity support, it enables centralized financial oversight for chains while complying with industry regulations like tip reporting.
Pros
- Deep hospitality-specific features like automated PMS interfaces and F&B costing
- Powerful multi-property consolidation and customizable reporting
- Reliable compliance tools for payroll taxes and tip allocations
Cons
- Dated user interface requiring training for optimal use
- Higher implementation costs and complexity for smaller properties
- Limited native mobile app functionality
Best For
Mid-sized to large hotel chains and resorts needing scalable, PMS-integrated accounting with advanced multi-property management.
Pricing
Custom quote-based pricing; typically $4,000–$10,000+ per property annually including maintenance, depending on modules and properties.
MarginEdge
specializedAI-powered invoice-to-GL accounting, inventory, and recipe costing software for foodservice and hospitality businesses.
Smart Margin AI that auto-calculates theoretical costs from recipes and actual usage for instant profitability insights
MarginEdge is a cloud-based platform designed specifically for restaurants and hospitality businesses, focusing on automating accounts payable, inventory management, and cost control to optimize profit margins. It uses AI-driven invoice capture to eliminate manual data entry, provides real-time recipe costing and variance reporting, and integrates with POS systems like Toast and Square for seamless data flow. The software helps operators track food and beverage costs, manage vendor purchases, and generate financial insights across multiple locations.
Pros
- AI-powered invoice processing drastically reduces manual AP work
- Real-time inventory tracking and variance analysis for precise cost control
- Strong integrations with POS and accounting tools like QuickBooks
Cons
- Pricing can be steep for single-location independents
- Advanced reporting requires some setup and training
- Limited customization for non-hospitality accounting needs
Best For
Multi-location restaurant groups seeking automated cost management and AP efficiency in a hospitality-focused platform.
Pricing
Custom quotes based on locations and features; typically starts at $250-$400 per month per location with annual contracts.
Toast
enterpriseIntegrated POS and management system with payroll, accounting, and financial reporting tailored for restaurants.
Real-time POS-to-accounting sync that automatically reconciles sales, tips, and payouts for hospitality financial accuracy
Toast is a cloud-based all-in-one platform primarily designed for restaurants and hospitality venues, offering integrated point-of-sale (POS) systems with robust back-office accounting tools. It handles payroll processing, expense management, inventory tracking, financial reporting, and sales reconciliation, pulling real-time data from POS transactions to streamline hospitality financial operations. While not a standalone accounting suite, its restaurant-specific features make it effective for managing daily financials in fast-paced environments.
Pros
- Seamless real-time integration between POS sales and accounting data for accurate tracking
- Intuitive mobile-first interface with strong reporting dashboards tailored to restaurants
- Automated payroll, tip pooling, and expense management built for hospitality workflows
Cons
- Limited advanced accounting capabilities like full general ledger or multi-entity support
- Pricing is opaque and can become expensive with add-ons and transaction fees
- Heavy reliance on Toast's ecosystem, with less flexibility for custom integrations
Best For
Restaurants and hospitality businesses wanting an integrated POS and basic-to-mid-level accounting solution without juggling multiple vendors.
Pricing
Custom quote-based; core POS starts at ~$165/month per location, plus 2.99%+ processing fees, payroll add-ons ~$50/month, and hardware costs.
Oracle Hospitality OPERA
enterpriseEnterprise property management system featuring advanced financials, revenue management, and accounting for hotels.
Real-time operational-to-financial data synchronization across properties for instant ledger updates and revenue recognition.
Oracle Hospitality OPERA is a robust, cloud-based property management system (PMS) with integrated hospitality accounting capabilities designed for hotels, resorts, and multi-property chains. It handles core accounting functions like general ledger, accounts payable/receivable, cash management, tax reporting, and financial consolidations, all synchronized with operational modules for reservations, billing, and revenue management. This unified platform enables real-time financial visibility and compliance with hospitality-specific regulations.
Pros
- Seamless integration of PMS operations with accounting for real-time data accuracy
- Advanced multi-property financial reporting and analytics powered by Oracle technology
- Scalable for enterprise-level chains with strong audit trails and compliance tools
Cons
- Steep learning curve and extensive training required for staff
- High implementation and customization costs
- Less ideal for small independent properties due to complexity and expense
Best For
Large hotel chains and resorts needing a comprehensive, integrated PMS and accounting solution for multi-property management.
Pricing
Custom enterprise pricing via quote; subscription-based, typically $50,000–$200,000+ annually depending on property count, size, and modules.
Sage Intacct
enterpriseCloud financial management software with multi-entity consolidation and hospitality-specific reporting capabilities.
Multi-dimensional accounting for granular tracking across properties, departments, and revenue streams
Sage Intacct is a cloud-based financial management and ERP solution tailored for mid-market businesses, providing robust accounting, reporting, and automation capabilities. For hospitality accounting, it supports multi-entity and multi-location management, revenue recognition across properties, and real-time financial insights essential for hotels, restaurants, and chains. It integrates with various hospitality systems for streamlined operations like inventory and POS data.
Pros
- Multi-entity consolidation ideal for hospitality chains
- Advanced dimensional reporting and dashboards
- Strong automation for AP/AR and revenue management
Cons
- Steep learning curve and complex setup
- Custom pricing can be expensive for smaller properties
- Less specialized hospitality features than niche tools
Best For
Mid-sized hospitality businesses with multiple locations needing scalable, enterprise-level financial management.
Pricing
Quote-based subscription pricing; typically $10,000–$50,000+ annually depending on modules, users, and entities.
NetSuite
enterpriseComprehensive cloud ERP platform with hospitality modules for accounting, billing, and revenue optimization.
Real-time multi-entity consolidation for global hospitality portfolios
NetSuite is a comprehensive cloud-based ERP platform from Oracle that delivers enterprise-grade accounting and financial management tailored for hospitality businesses, including multi-property consolidation, revenue management, and compliance reporting. It integrates with property management systems (PMS), point-of-sale (POS), and other operational tools to streamline hospitality-specific workflows like occupancy tracking and dynamic pricing. While highly scalable for large chains, it requires customization to fully optimize for niche hospitality needs.
Pros
- Robust multi-property and multi-entity financial consolidation
- Advanced analytics and real-time reporting for revenue optimization
- Seamless integrations with hospitality systems like PMS and POS
Cons
- Steep learning curve and lengthy implementation process
- High cost prohibitive for small to mid-sized properties
- Requires significant customization for hospitality-specific workflows
Best For
Enterprise-level hospitality chains and multi-property operators needing scalable ERP with global compliance.
Pricing
Custom enterprise pricing; typically $999+ per user/month plus platform fees starting at $10,000+ annually; quote required.
QuickBooks Enterprise
enterpriseScalable desktop accounting solution with industry editions for hospitality inventory, job costing, and multi-location support.
Advanced Inventory with FIFO/Lot tracking and multi-location consolidation, perfect for managing perishable F&B stock across sites
QuickBooks Enterprise is Intuit's flagship accounting software tailored for mid-to-large businesses, providing comprehensive financial management including advanced inventory, payroll, and multi-entity reporting. For hospitality accounting, it supports multi-location operations common in restaurant chains and hotels, with strong inventory tracking for perishables and integrations with POS systems like Toast or Square. While highly customizable, it requires add-ons or third-party apps for specialized hospitality features like reservation management or menu costing.
Pros
- Advanced multi-location inventory and sales tracking ideal for restaurant chains and hotels
- Robust reporting and analytics for financial insights across hospitality operations
- Seamless integrations with popular POS and hospitality tools
Cons
- Lacks native hospitality-specific features like room occupancy or table management
- Steep learning curve for non-accountants in fast-paced hospitality environments
- Premium pricing may not justify for smaller hospitality businesses
Best For
Mid-sized hospitality groups like restaurant chains or boutique hotel operators needing scalable general accounting with strong inventory controls.
Pricing
Annual subscriptions from $1,522 (Silver, 5 users) to $4,995 (Diamond, 40 users), plus optional add-ons for advanced inventory or payroll.
Xero
enterpriseCloud accounting tool that connects with hospitality POS, payroll, and booking apps for streamlined finances.
Vast app marketplace enabling hospitality-specific extensions like POS sync and inventory add-ons
Xero is a cloud-based accounting software primarily designed for small to medium-sized businesses, providing invoicing, bank reconciliation, expense tracking, payroll, and financial reporting. For hospitality, it supports integrations with POS systems like Lightspeed and Square, basic inventory management, and project tracking for events or multi-location operations. While versatile and scalable, it lacks native features for hospitality-specific needs like menu costing, tip pooling, or advanced revenue management.
Pros
- Intuitive interface with mobile app access
- Seamless bank feeds and auto-reconciliation
- Extensive integrations with hospitality POS and apps
Cons
- No built-in hospitality tools like food cost analysis or table management
- Inventory tracking is basic and not optimized for perishables
- Payroll and advanced reporting require add-ons at extra cost
Best For
Small hospitality businesses such as cafes, bars, or boutique hotels needing reliable general accounting with POS integrations.
Pricing
Plans start at $15/month (Early) for basics, $42/month (Growing) for multi-currency/invoicing, up to $78/month (Established) for unlimited users; payroll and apps extra.
ProfitSword
specializedHospitality-focused business intelligence platform for forecasting, budgeting, and accounting analytics across properties.
ProfitSword Command Center for real-time profitability analytics across multiple revenue streams
ProfitSword by Agilysys is a cloud-based hospitality accounting and business intelligence platform tailored for hotels, resorts, and casinos. It delivers real-time financial reporting, advanced analytics, budgeting, forecasting, and labor optimization tools to drive profitability. The software integrates deeply with Agilysys property management systems, enabling seamless data flow and comprehensive operational insights.
Pros
- Powerful real-time analytics and customizable dashboards
- Seamless integration with Agilysys PMS and third-party systems
- Scalable for multi-property management with strong forecasting tools
Cons
- Steep learning curve for non-technical users
- High implementation and customization costs
- Less flexible for small independent properties outside Agilysys ecosystem
Best For
Mid-to-large hospitality groups using Agilysys solutions that need enterprise-level accounting and BI.
Pricing
Custom quote-based pricing, typically starting at $5,000+ per month for mid-sized properties depending on modules and scale.
Conclusion
The roundup of leading hospitality accounting tools highlights Restaurant365 as the top pick, thanks to its seamless integration of accounting, inventory, scheduling, and operations. M3 Accounting stands as a strong choice for hotels and resorts, while MarginEdge impresses with its AI-powered invoice processing and recipe costing, offering robust alternatives tailored to different business needs.
Take the first step toward efficient hospitality management—explore Restaurant365 to unlock streamlined workflows, accurate financials, and enhanced profitability, a tool that delivers value across all operational needs.
Tools Reviewed
All tools were independently evaluated for this comparison
