Compeat - Reliable Accounting System
Rating: 8 out of 10
IncentivizedUse Cases and Deployment Scope
Compeat is used as our accounting system for the organization, in other words, it is being used for the whole organization. Compeat pulls everyday transactions from our POS system helps with cost control, inventory and labor control. In the sales/DSR side, the system works pretty well and reduces our daily control for the Sales, Taxes, Discounts and Paid Outs. In the account payable side, the Manager in each location upload the invoices and our account department process the payments using Compeat.
Pros
- It is a reliable accounting system, I like the fact that all transactions are recorded and not possible to change it after it is posted.
- Inventory is very useful and you can scan items to help with the counting.
- DSR are pulled automatically from our POS System
- Bank Reconciliation is pretty easily be done and the bank extract can be imported into the system, Compeat matches transaction automatically.
Cons
- Support I pretty good, but somehow very expense to be used, and sometimes the system " has" problems that you need to contact it.
- Inventory can be diff to manage if you do not have well-trained employees in the restaurant.
- They increased the price for new licenses if we open new locations this will be one of the problems we will have.
Likelihood to Recommend
If you own a restaurant that includes a considerable inventory/invoicing processing, I would say that Compeat would work great for your business. Compeat helps to have an organized follow up on multiple location companies. If you have a small business I would say that Compeat will not be the best solution for your business, because it is an expensive accounting system.
LU
Leandro Utrera de Paula
Financial in Corporate at Rodizio Grill (Food & Beverages, 201-500 employees)
Vetted Review
2 years of experience