Here’s how it works:
Connect your POS and accounting system
We support more than 60 POS systems and all the big accounting systems.
Send Your Invoices
Send photos with our app, in email files or through EDI integrations. Even if they’re hand-scribbled or spilled on, we’re flexible.
Get Immediate Cost Tracking
See real-time food and labor costs, get a daily P&L, get theoretical usage reports, and more.
DAILY PRIME COSTS
Get your final P&L in days, not weeks
When daily sales from your POS are combined with the expense data from invoice processing, you and your accounting team get a daily profit and loss statement updated in real time.
- None of the manual data entry, all of the powerful financial insights
- Prime Costs are at your fingertips and auto-calculated for each of your locations
- Customize expense categories the way you need it or use default categories based on best practices
BUDGET TRACKING
Stay out of the red to keep making that green
Within 24-48 hours of receiving invoices, both operators and accounting teams get an up-to-date visualization of where the budget is in real-time.
- Easily see your spend so you know whether you’re under budget or overspending
- Set custom financial categories or just focus on watching the basics like COGS, labor, supplies and operating expenses
- Keep everyone accountable and seeing the same numbers with an easily viewed, cloud-based dashboard
PRICE MOVERS & ALERTS
Price monitoring without manual effort
Product prices fluctuate like there’s no tomorrow, so with MarginEdge’s Price Movers and Alerts, you can easily catch misbehaving prices before they hit your menu.
- Track how much prices are increasing (compared to your past invoices) at the product level before it catches up to your P&L
- Quickly spot biggest price movers and their total impact based on how much you’ve purchased
- Set custom alerts anytime a vendor item comes in above or below a set price
SALES PERFORMANCE
Faster data and fewer mistakes
MarginEdge pulls your sales every night—eliminating manual data entry, reducing errors, and providing you powerful reporting.
- Daily email highlighting yesterday's sales performance compared to last year's and regional benchmarks
- Daily sales entries (DSRs) are automatically sent to accounting using your G/L format
- Sales data powers PMIX reporting that calculates your theoretical product usage by comparing products sold vs. actual amounts used
THEORETICAL REPORTS
Theoretical vs. actual usage reporting
Track waste and identify trends without manual calculations. These reports help you purchase better, train better and save better.
- Understand your usage so you know which food and beverage items need to be managed more closely
- Reduce waste and increase profits
- Track variance for all quantities of the same product, regardless of the vendor you purchased them from
See what restaurants are saying
Don’t just take our word for it. Our marketing department will say anything to make us look good.
Even with reliable vendors, locked-in prices, and a consistent menu, we use price alerts to show us human error – whether something’s entered incorrectly or we have the wrong pack size or something.
Amanda Quintal
COO Pomegranate Hospitality
We’ve materially improved our COGS thanks to MarginEdge and improved visibility into everything we’re buying down to the ingredient level.
Nate Berkowitz
Director of Finance, Clover Food Lab
Adding labor analytics has further bolstered the impact that MarginEdge has on our operations. Our management teams now utilize the automated, real-time Controllable P&L tool to control the Big Three: Sales, Food and Labor.
Dan Tufts
Buffalo Wing Factory
