Match EPOS reports to bank deposits, auto-code food supplier invoices, and track your food cost percentage -- all without leaving the kitchen.
Restaurants generate more financial complexity per square metre than almost any other business. Here is what keeps operators up at night.
Cash, card, delivery apps, vouchers -- your till says one thing, the bank says another. Reconciling daily takings across multiple payment methods eats hours every week.
Dozens of invoices from food wholesalers, drinks distributors, cleaning suppliers, and equipment vendors. Each needs coding, VAT classification, and payment tracking.
Food cost percentage, wet vs dry margins, staff cost ratios -- you know they matter but finding them in a spreadsheet takes longer than a double shift.
Export your EPOS report, upload your bank statement, and let ReconcileIQ match every transaction -- card settlements, cash deposits, tips, and delivery platform payouts all accounted for.
Card terminal settlements arrive with processing fees deducted. Cash deposits may batch multiple days. Our matching engine handles the timing gaps and fee adjustments automatically.
Card tips, service charges, tronc schemes -- CodeIQ recognises tip-related transactions and codes them correctly, keeping your staff costs and tip distributions audit-ready.
Brakes, Booker, Matthew Clark, local market suppliers -- CodeIQ learns your supplier patterns and auto-codes food purchases, beverages, cleaning, and equipment to the right nominal codes.
SumUp, Zettle (iZettle), Square, Worldpay, Stripe -- each settles differently with different fee structures. ReconcileIQ matches net deposits to gross takings across all of them.
LedgerIQ calculates your food cost percentage, tracks wet and dry stock ratios, and flags when margins drift -- giving you the numbers you need to adjust menus and pricing before problems grow.
From daily cash-up to monthly management accounts, the IQ Suite covers the full restaurant bookkeeping cycle.
Match and verify
Auto-code transactions
Analyse and report
Fine dining to casual chains -- reconcile daily takings and code supplier invoices
High-volume, low-ticket transactions matched and coded automatically
Track wet stock margins, reconcile card terminals, handle cash-heavy operations
Multi-revenue streams from rooms, food, bar, and events -- all reconciled together
Export from your EPOS, download your bank statement, and let the IQ Suite handle the rest. Direct integrations with the accounting platforms restaurants rely on.
Xero
Direct sync
QuickBooks
Direct sync
Sage
Direct sync
FreeAgent
Direct sync
Also supports CSV upload from any EPOS system -- Lightspeed, TouchBistro, Square POS, Clover, and more. View all integrations
Export yesterday's EPOS Z-report and download your bank statement CSV. Upload both to ReconcileIQ.
Every card settlement, cash deposit, and delivery payout matched. One missing Deliveroo payment flagged for follow-up.
CodeIQ has auto-coded the week's transactions: Brakes to cost of sales, British Gas to utilities, Nisbets to equipment. Review, approve, post to Xero.
LedgerIQ shows food cost at 29.4% (target: 30%), labour at 31.2%, and flags that beverage margins dropped 2 points this month. Time to check the bar pours.
Prep starts in 10 minutes. The books are done. No weekend spreadsheet sessions. No end-of-month panic.
Join restaurant owners, pub managers, and hospitality accountants who have automated their daily bookkeeping with the IQ Suite. Start free -- no credit card required.
From just 5 per month -- less than a round of drinks