5+ Best Accounting Software for Catering Businesses

Image of author Nick Cotter
Newfoundr
accounting software for catering
March 13, 2023
-
10
min read

Running a catering business is a complex and time-consuming endeavor that requires you to keep track of many moving parts. To stay organized and ensure your catering business remains profitable, the right accounting software can help. With the right accounting software, you can quickly manage your finances, control costs, and track revenue with ease. Here are five of the best accounting software solutions for catering businesses to help you manage your finances and succeed in the industry.

Who is the best Accounting Software For Catering?

The Best Accounting Software For Catering of 2023:

Here’s our shortlist of the best accounting software for catering I'm ranking through our extensive research and use:

  1. Microsoft Dynamics GP
  2. Odoo
  3. Sage 50
  4. Xero
  5. FreeAgent

Our Review of the Best Accounting Software For Catering:

Here is our list of the best accounting software for catering:

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Microsoft Dynamics GP

Newfoundrz's Software Review:
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4.3
out of 5

Microsoft Dynamics GP is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and inventory management, along with various other accounting features.

  • Invoicing
  • Financial management
  • Inventory management
  • Project management
  • HR and payroll
  • Robust accounting and financial management
  • Efficient inventory management and order processing
  • Advanced HR and payroll management
  • Steep learning curve for some users
  • Higher pricing for advanced features and customization
  • Limited mobile app capabilities
Pricing for Microsoft Dynamics GP starts at $70/month and moves up to $100/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$70/month
Pricing Plan 2:
$100/month
  • Expensify
  • Stripe
  • Avalara
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Odoo

Newfoundrz's Software Review:
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4
out of 5

Odoo is an open-source accounting software that includes features such as invoicing, expense tracking, and inventory management. It is primarily aimed at small businesses and includes various other business tools.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Inventory management
  • Financial reporting
  • Open-source platform with modular design for customization
  • Comprehensive financial and project management
  • Advanced CRM and eCommerce capabilities
  • Steep learning curve for some users
  • Limited customer support options
  • Some users may find the interface too complex or cluttered
Pricing for Odoo starts at $31.10/month and moves up to $46.80/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$31.10/month
Pricing Plan 2:
$46.80/month
  • Shopify
  • Gmail
  • FedEx
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Sage 50

Newfoundrz's Software Review:
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4.5
out of 5

Sage 50 is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and job costing, along with various other accounting features.

  • Invoicing
  • Accounting and financial management
  • Payroll
  • Inventory management
  • Job costing
  • Comprehensive accounting and financial management
  • Advanced payroll processing and reporting
  • Efficient inventory management
  • Limited cloud-based capabilities and mobile access
  • Some users may find the interface too complex or outdated
  • Higher pricing for additional users and advanced features
Pricing for Sage 50 starts at $28.90/month and moves up to $76.65/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$28.90/month
Pricing Plan 2:
$76.65/month
  • Bill.com
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  • Google Drive
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Xero

Newfoundrz's Software Review:
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4.3
out of 5

Xero is a revolutionary cloud-based accounting software that has transformed the way businesses manage their finances. With its user-friendly interface and comprehensive suite of features, Xero makes it easy for businesses of all sizes to manage their accounting processes efficiently and effectively.

One of the standout features of Xero is its invoicing tool, which allows businesses to create professional-looking invoices that are fully customizable with their branding. The tool also enables businesses to set payment terms and automate payment reminders, reducing the risk of missed payments and improving cash flow.

Xero's inventory management feature is another standout tool that allows businesses to track their stock levels, sales, and purchase orders in real-time. With this feature, businesses can make informed decisions about inventory, avoid overstocks or shortages, and streamline their supply chain management processes.

Payroll processing is a critical function for businesses, and Xero makes it simple with its payroll feature. The tool automates payroll calculations, including employee salaries, taxes, and deductions, saving businesses time and ensuring compliance with relevant tax laws and regulations.

  • Bills & Expenses
  • Invoicing
  • Inventory management
  • Payroll
  • Bank reconciliation
  • User-friendly interface for small business owners
  • Extensive third-party app integration
  • Advanced inventory management
  • Higher pricing for advanced features and multi-currency support
  • Some users may find the interface too simplistic or lacking in advanced features
  • Limited mobile app capabilities
Pricing for Xero starts at $13/month and moves up to $70/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$13/month
Pricing Plan 2:
$70/month
  • HubSpot
  • Stripe
  • Shopify
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FreeAgent

Newfoundrz's Software Review:
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4.2
out of 5

FreeAgent is a cloud-based accounting software aimed at freelancers and small businesses. It includes features such as invoicing and expense tracking.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Project management
  • User-friendly platform for freelancers and small business owners
  • Simplified project and time management
  • Easy tax filing and compliance
  • Limited customization options for certain features
  • Higher pricing for advanced features and multi-user support
  • Limited mobile app capabilities
Pricing for FreeAgent starts at $0/month and moves up to $24/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$24/month
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  • Google Drive
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Important Features to Look For in Accounting Software For Catering:

Accounting Software For Catering Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
Microsoft Dynamics GP true $70/month $100/month
Odoo true $31.10/month $46.80/month
Sage 50 true $28.90/month $76.65/month
Xero true $13/month $70/month
FreeAgent true $0/month $24/month

Accounting Software For Catering Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
Microsoft Dynamics GP 4.2 4.5 4.1 4.3
Odoo 4 4 4 4
Sage 50 4.4 4.4 4.6 4.5
Xero 4 4.5 4.5 4.3
FreeAgent 4.5 4 4 4.2

Can catering businesses benefit from using accounting software?

Can catering businesses benefit from using QuickBooks?

What are the primary benefits of utilizing accounting software for catering businesses and how can it improve financial management?

Can you provide pricing information for accounting software designed for catering businesses, and what features does it offer for managing event budgets, inventory, or staffing?

Factors we use to Rank Accounting Software For Catering:

Newfoundr

Founder and CEO

We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

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