Restaurant365 Makes Restaurant Accounting Sexy – CEO Tony Smith (DH136)

There's a reason more than 28,000 restaurants trust Restaurant365 to help them become more profitable.

Led by inspiring CEO Tony Smith, Restaurant365 knows — and loves — restaurants.

“We have four core values. Our first one is we love good food,” Tony Smith said on the Digital Hospitality podcast, hosted by restaurant owner Shawn P. Walchef of https://calibbq.media. “We love the restaurant industry and we help restaurants thrive and grow.”

Check out this Digital Hospitality podcast episode with Restaurant 365 CEO Tony Smith to learn about co-founding the all-in-one restaurant management software company, increasing profits and efficiency for restaurants, and the rockstar-themed Restaurant Transformation Tour 2022 stop in Los Angeles at the historic Wiltern theater.

https://www.youtube.com/watch?v=erOB8yGwXR4

WATCH RESTAURANT365 INTERVIEW ON YOUTUBE

3 Takeaways from this Episode —

Restaurant Accounting Made Sexy: When Tony Smith first started Restaurant365, accounting was a general, unsexy necessity of business in general. He and his team set out to meet the complications that are unique to restaurant accounting.

[WATCH]

A.A.V: Always Adding Value: Tony Smith and the team at Restaurant365 begin with the fundamental question of "what value is this idea going to add" when strategizing their next move. They understand that, though it is important, a successful business is more than just a positive Yelp review.  In an industry where technology is being introduced at a rapid pace, the goal for Restaurant365 continues to be meeting needs and adding value.

[WATCH]

Restaurant Transformation Tour: In person events are back! Restaurant365 is jumping back into things with the exciting, rockstar tour-themed Restaurant Transformation Tour that aims to cover all things to enhance restaurant success.

[WATCH]

Restaurant365 CEO Tony Smith

Owning and operating restaurants provides a set of trials that are unique to the industry. Tony Smith and Restaurant365 are doing their best to streamline the process to make their customers profits go up. 

Prior to co-founding Restaurant365, the CEO honed his digital skillset with a software consulting company. As he spent his days researching, designing, and implementing accounting solutions, his love for good food never waned. The merging of the two interests created the framework for the core values of Restaurant365.

Restaurant365 Core Values

Love Good Food

Share Positive Vibes

Solve Problems, Together

Relentlessly Seek Greatness

Though technology can be complicated, Restaurant365’s mission is to simplify the technology chain of restaurants for seamless integrations with other vital restaurant tech like Toast.

That sort of forward-thinking goal, and Tony Smith’s previous work experience, allows the leader to see gaps in production that may be inhibiting the growth of a company. In this case, that gap was the general approach many restaurants took regarding their accounting. The particular challenges that come with that part of a successful restaurant is something Smith and his team are targeting to help with Restaurant365.

“Most everyone was using a generic accounting product,” Smith describes about why they created Restaurant365 “Our mission was to make the phrase restaurant accounting mean something because restaurants run uniquely.”

Starting in 2011 from personal finances, Tony Smith and co-founder John Moody began their journey creating what Smith deems as their “core system”. In just over a decade, they have gone from a small 5 foot table and Moody dragging a suitcase around the National Restaurant Show to now putting on their own major events with the Restaurant Transformation Tour. 

Restaurant Transformation Tour 2022 —

The Restaurant Transformation Tour is R365's latest contribution to the restaurant industry. People gathering and enjoying community is the essence of the restaurant industry, and the central motivation for the Restaurant Transformatio...