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Managing a restaurant is a balancing act between producing a great product; food/ambience and managing an operation that turns revenue into profit. The margins are tight so you can have the best food and still go out of business if you don’t have a strong operation. The right software can turn financial data such as sales, food purchases, labor costs and operating expenses into trackable metrics and performance targets. Hone’s restaurant management software was built by successful restaurant operators to provide data, reporting, and planning tools so busy operators can make better decisions.
Today your accountant lives in one world, normally Quickbooks and spreadsheets while your GMs and operational staff rely on reports from POS, Payroll and another set of spreadsheets…and that is when folks have a set of systems.
Hone streamlines this by sitting between QuickBooks Online and all the data sources. The typical technology stack is Quickbooks Online, AP automation software, POS daily sales automation software and payroll reporting automation software. Hone’s own software then sits on top of all of this providing bookkeeping tools for auditing and data review as well as reporting tools to support operations.
Hone sits between Quickbooks Online and all the data sources such as POS, Payroll, Vendor Bills, 3rd party sales and so on…
By doing so, Hone access to every $ in and out and thus can present a holistic view that supports accounting and operations needs. A GM may only need to track and manage revenue, COGS and labor; Hone enables them to see custom metrics and reports that focus on these areas. A CFO may prefer a 6-month view of the balance sheet and a year-to-date view of the P&L; again Hone’s portal can serve up this view to support their needs.
To make progress one has to set goals, measure progress and then make adjustments. Hone’s reports are highly customizable so each member of your staff can see the metrics and reports that that supports decisions and actions that they need to take.
On top of dynamic interactive reports, budgeting and forecasting tools turn historical data trends into suggested targets for revenue and cost controls. No more fiddling with spreadsheets, Hone can turn any operator into a data-driven decision-making machine.
"The Hone team are proactive, accommodating and an absolute pleasure to work with. Their specific expertise in the restaurant industry is breath of fresh air. They provide a remarkable personalized service and a level of professionalism second to none, thank you Hone!”
Anthony Floro Jr
GM, Liv's Juice & Acai Bar
“Hone helps me manage expenses so I can pay attention and keep my eye on the big picture."
Jay Carr
Durk's BBQ
"We added a second unit during the pandemic but I sleep well knowing that Hone is managing my bills and expenses"
Jessi Crimmins
Revive & Co
"Hone worked with me to assess my labor spend and needs so that I was able to bring down my labor spend without affecting service."
Cheryl Straughter
Owner & Chef, Soleil Restaurant & Catering
“Operating a group of busy seasonal restaurants here on Martha's Vineyard means that time is always the resource we lack the most. Working with Hone has allowed us to make time go from being a scarcity to a surplus.”
Ashish Mitra
The Covington | The Port Hunter | Martha’s Vineyard, MA
“Being able to drill down to actual invoices and bills on a weekly cadence with a couple of clicks is much more efficient than wading through Quickbooks; having the weekly snapshots and detailed P&L available anytime is a major advantage for our team.”
Eric Heckman
Caddies On Cordell | Bethesda, MD
Already have a finance team/bookkeeper? We can set you up with our software as a standalone offering.
For most restaurants, they are only paying $50-100 for accounting software such as Quickbooks but then incur additional costs in time and labor for bookkeeping and reporting.
As a standalone offering Hone’s software is $150 per location
With bookkeeping services Hone starts at $850 per location
Hone is the best solution especially for 1-20 unit restaurant groups who use QuickBooks.
Step 1: Connect Hone to your Quickbooks Online account
Step 2: Provide Hone with system logins
Step 3: Hone will generate a standard set of reports and metrics for you to review
Step 4: Review the standard reports and request customizations that support your business needs
Step 5: Give your team access to Hone’s reports and encourage weekly review of the numbers.
Get a feel for how Hone works with a brief demo. Watch a 3-minute video now or schedule a call with a member of the Hone team.
Our team will help you connect all of your systems and set up dashboards based on your unique business needs. Then, jump in and begin using Hone right away.
Knowledge is power. With Hone’s data-driven restaurant accounting, operators can increase profitability, identify opportunities for operational efficiency, and more.
