NetSuite Food and Beverage Accounting Software
What is Food and Beverage Accounting Software?
Food and beverage accounting software is a specialised financial solution that helps food and drink companies manage inventory valuation, cost allocation, tax reporting and financial statements — all in one system. By consolidating operational and financial records in one place, businesses can manage margin pressures, control costs and make decisions more efficiently.
See true costs when every margin matters
Fresh insights
Financial visibility is essential for businesses dealing with perishable goods, volatile costs and strict compliance. With tight integration to operational systems, NetSuite reveals total costs — from landed costs and catch-weight adjustments to supplier price variances — so finance teams see accurate margins by product, customer and channel.
NetSuite Food and Beverage Accounting Software features
All the ingredients for food and drink accounting — in one cloud platform.
General ledger
Centralise financial activity from multiple brands, products and sites. Configurable segments and automated postings let teams drill down into profitability by customer, channel or location — and see where margins are strong or slipping.
Cash management
View live cash positions at a glance with automated bank feeds. Forecast short-term cash needs and track working capital tied up in perishable stock to improve payment timing.
Accounts payable
Handle supplier invoices, variances and landed cost adjustments with automated three-way matching and approvals. Track pricing shifts, transport charges and other supplier expenses that influence production costs and overall margins.
Accounts receivable
Invoice customers accurately, with multiple price levels and customer-specific pricing. Record retailer deductions or adjustments. Automate collections, manage credit terms and track payment patterns to improve cash flow and minimise disputes.
Payment management
Securely handle payments from wholesale, retail and foodservice channels in one connected process. Automate supplier payments and customer refunds to speed up operations and keep financial data accurate.
Tax management
Apply correct VAT treatment automatically — whether zero-rated for most cold food, standard-rated for hot takeaways and alcohol or exempt supplies. Maintain audit-ready records and prepare digital tax submissions with less manual effort at filing time.
Account reconciliation
Automate matching of supplier invoices to purchase orders and receipts. Flag discrepancies early and reduce manual effort with confidence that every adjustment is accounted for.
Close management
Speed the close with automated journals, cost allocations, intercompany eliminations and consolidations for multi-site operations. Faster results mean more time analysing margins, cost variances and site performance.
Fixed asset management
Track and depreciate machinery, refrigeration, vehicles and warehouse equipment by site or category. Automate lease accounting and maintain accurate records from acquisition to disposal to understand true overhead absorption and support long-term planning.
Learn how ERP lets you manage your business better
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I don't think we've even begun to fully appreciate how much NetSuite is going to help us. Within a week we already could see time being saved by 80%.
NetSuite Food and Beverage Accounting Software benefits
Challenges NetSuite Food and Beverage Accounting Software solves
SuiteSuccess — A proven path to success
Leveraging more than 25 years of experience working with tens of thousands of organisations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we are addressing your specific needs and guiding you along the way on how to best consume and optimise NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI and greater employee adoption.
How much does NetSuite Food and Beverage Accounting Software cost?
Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?
Users subscribe to NetSuite for an annual licence fee. Your licence is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that's the beauty of cloud software.
NetSuite Food and Beverage Accounting Software is available as an add-on module.
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Data sheets
Access specifications, features and benefits of NetSuite Food and Beverage Accounting Software.
Customer stories
See how food and drink businesses use NetSuite to support growth and operations.
- FiLLi Cafe steeps international growth with NetSuite
- Real Drinks serves up cost-efficient growth with NetSuite
- Zero-Sugar Wine Brand Toasts Global Growth With Cloud ERP
- BRLO Craft Beer Quenches Germany's Thirst with a Carefully-Brewed Inventory System
- Food and Beverage Supplier Brings Tasty Treats to Middle East
Product demos
Watch NetSuite demos for financials, customer management, order management and reporting.
Essential learning
Read guides and articles about food and beverage trends, accounting automation and QuickBooks costs.
- 20 Strategies to Minimise Restaurant Food Costs (Article)(opens in a new tab)
- What Is an Integrated Accounting System? (Article)
- 18 Strategies for Reducing Restaurant Food Waste (Article)(opens in a new tab)
- The Essential UK Restaurant Bookkeeping Guide (Article)(opens in a new tab)
- The Growing Cost of QuickBooks (Guide)(opens in a new tab)
Please note that some capabilities described on this page require partner integrations.