Name: RASI
Price: 349 USD
Author: Restaurant Accounting Services, Inc.

Help Desk

Web and Video Conferencing

Customer Support

Java Technologies

Service Mesh

Development

Academic Advising

Education

Business Intelligence (BI)

Collaboration

Desktop Publishing

Enhanced 911 (E911)

Interactive Voice Response (IVR)

Risk Management

VoIP

Enterprise

Accounting

Crypto Asset Management

Invoicing

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Credentialing

HR Management

Leave Management

Payroll

Recruitment Automation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Infrastructure

Cloud Storage

Data Masking

Email Verification

File Sync and Share

Fraud Detection

HTML Editors

IT Asset Management

Integration Platform as a Service (iPaaS)

License Management

Log Management

Machine Learning

Network Performance Monitoring

Network Troubleshooting

Operating Systems

Remote Support

Secret Managers

Software Distribution

Tape Storage

Threat Hunting

Threat Intelligence

Vector Databases

VoIP Monitoring

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Brand Intelligence

Content Management

Email Marketing

Graphics

IP Geolocation

Marketing Automation

Social Login

Social Media Management

Survey & Forms Building

Swag Management

URL Shorteners

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales Acceleration

Sales

Video Surveillance

Security

Auto Repair

Building Information Modeling (BIM)

Emergency Notification

HIPAA Compliance

Laboratory Information Management

Legal Billing

Vertical-Specific

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RASI (Restaurant Accounting Services Inc.) is a financial services and software solution designed specifically for the restaurant industry. According to the vendor, RASI aims to help restaurant owners, operators, managers, accountants, and bookkeepers improve profitability, streamline financial processes, and make data-driven business decisions. The software is intended for restaurants of all sizes, including independent establishments, multi-unit operations, and franchise establishments.

## Key Features

**Restaurant Accounting**: According to the vendor, RASI offers purpose-built ERP software for restaurants, aiming to enable focused financial management and empower data-driven business decisions.

**Restaurant Bookkeeping**: RASI provides access to a team of expert bookkeepers, aiming to ensure accurate financial reporting and audits, as well as seamless expense tracking and automated transaction processing.

**Financial Reporting**: RASI offers streamlined reporting capabilities, aiming to maximize profits by providing real-time data for informed business decisions, and customizable charts of accounts and financial statements.

**Payroll & HRIS**: RASI aims to ensure timely and accurate payroll processing, compliance with local, state, and federal mandates, and integration with POS systems and HR partners.

**AP & Cash Management**: RASI provides a fully digitized cash management system, along with accounts payable management and reconciliation, and daily/weekly cash reconciliation and reporting, according to the vendor.

**Inventory Management**: According to the vendor, RASI helps optimize menus for profitability by offering detailed item-level reporting and analysis, as well as menu engineering and item velocity reporting.

**Purchasing & Rebates**: RASI allows restaurants to leverage purchasing power through the Buyers Edge Platform, offering managed supply chain and logistics consulting, as well as enterprise spend management and cost controls, according to the vendor.

**Business Intelligence & Data Analytics**: RASI provides real-time data for actionable insights, along with budgeting, analysis, and forecasting tools, and workforce and supplier intelligence, according to the vendor.

**POS Integration & Data Normalization**: RASI aims to enable seamless transfer of POS data to accounting software, standardization of financial metrics across the board, and improved accuracy and efficiency in financial reporting, according to the vendor.

**Restaurant Compliance**: According to the vendor, RASI offers expert guidance on compliance with changing regulations, aiming to protect valuable assets, employees, and businesses, and provide technology that adapts to evolving compliance requirements.

**Treasury Solutions**: RASI provides purpose-built technology for timely and accurate tax payments, ensuring compliance with local, state, and federal tax mandates, and minimizing tax-related risks, according to the vendor.

Basic

Lite

Plus

Premium

Select

FreshBooks

Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features further.

Early

Growing

Established

Xero

RASI

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

Restaurant Accounting Services, Inc.

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

RASI

Overview

What is RASI?