Accounting

Always Know Where You Stand with Complete Financial Transparency

Food Service Ace™ features a suite of accounting modules with the full functionality you need to follow the money and understand your financial results, all while shortening your daily to-do list and saving you time. The accounting modules fully integrate with Food Service Ace supply chain, back office, catering, commissary/manufacturing and logistics/delivery modules.

Accounts Payable

Processes invoices in a snap with features such as EDI invoices, automated invoices from vendor receipts and automated recurring invoices
With ACH payment processing, say goodbye to check stocks and envelope stuffing
Stores electronic invoice images for easy retrieval and storage so you can forget file cabinets full of paper invoices and endless searching
Efficiently audit, account for and pay invoices
Always cut vendor checks at the right time for the right amount including any applicable discounts

Sales Accounting

Imports financial information from POS systems nightly
Breaks down sales your way by meal period, area and/or sales type
Sends daily flash reports to management
Provides weekly sales summaries booked to your sales ledger

Accounts Receivable

Offers option for electronic delivery for all statements
Easily track and account for catering deposits with advanced deposit accounting
Quickly create customer-friendly invoices for catering and food service events
Automated features for delivery service receivables
Issue statements and collect payment for house accounts activity

Capital Projects & Fixed Assets

Tracks capital project commitments and payments against budget using information from purchase orders and invoices
Makes fixed asset adjustments and transfers
Places assets in service and retires assets at disposal
Generates tax and book depreciation

General Ledger

Automatically imports entries from sales, accounts receivable, accounts payable and fixed asset subledgers
Quickly generates recurring, accrual and allocation entries
Automatically creates intercompany entries
Provides flexible fiscal calendars
No limits to number of corporations, reporting roll-ups and reporting hierarchies