Overview
MarketMan is a sophisticated and comprehensive restaurant management platform that goes beyond the conventional to empower foodservice businesses. With its suite of powerful tools and features, MarketMan aims to transform the way restaurants operate and ultimately drive profitability.
At the core of MarketMan is its inventory management system, which allows restaurants to gain real-time visibility into their inventory levels. This feature eliminates guesswork and ensures that restaurants always have the right ingredients on hand, reducing waste and preventing costly stockouts. Moreover, it streamlines the entire procurement process by automating purchase orders, tracking deliveries, and managing invoices. This not only saves time but also reduces the risk of human errors in the ordering process.
MarketMan also plays a vital role in strengthening vendor relationships. Restaurants can efficiently communicate with their suppliers through the platform, ensuring that orders are accurate and deliveries are on time. This fosters trust and transparency in the supply chain, leading to better pricing and improved negotiation capabilities.
One of the standout features of MarketMan is its menu costing functionality. Restaurants can analyze the cost of every dish they serve, factoring in ingredient prices, portion sizes, and other expenses. This information allows them to set competitive prices while maintaining healthy profit margins.
In an industry where every penny counts, MarketMan provides valuable insights and analytics. Restaurants can monitor their expenses, track sales trends, and make informed decisions based on data. This data-driven approach enables restaurants to identify areas for improvement and capitalize on opportunities for growth.
MarketMan doesn't stop at inventory and financial management; it also integrates seamlessly with accounting software, like Xero.
MarketMan + Xero
Connecting MarketMan with Xero is allowing you to send invoices from MarketMan to Xero in 1 click!
Save time on double-entry of invoices. Our clients are saving a LOT of time by utilizing the accounting options-
HOW TO SET IT UP - Step by Step Go to "Settings" > "Company information"
On the right side under "Accounting", select "Xero" from the drop-down list, Click "Save" first and wait for the confirmation, Then click on "Connect to Xero":
You'll be prompted by Xero to allow MarketMan access: Click “Allow access for 30 mins”
Xero only allows access for a controlled period of time, so every time you're exporting invoices, you should repeat this step under "Settings" > "Company". Log out and log back in to continue with the setup - this is a one-time thing just for the first setup.
Now that we told MarketMan which type of export to use, It's time to specify where the invoices will go - let's set up the suppliers (so the invoices are directed to the correct supplier / vendor in your accounting software) and the categories (so the expenses show up on the correct part of the PNL, even if you buy alcohol and food on the same invoice!)
Go to "Suppliers" > "Suppliers" Click on a supplier name to open the supplier pop-up and scroll down to the "accounting" part We now see new fields available for credit account, expense account, tax account (and class, if applicable)
Under "Credit Account" select your supplier name from the dropdown. This will be the vendor name in Xero. You can also search for the name using the open search.
In the "Default expense account" we'll select the expense account for the majority of your items from this supplier (in case there's more than one) Don't worry- we're going to control everything a lot closer with the categories mapping, on the next step!
If you're being charged any tax by this supplier, add the tax account we should post the tax into. If you're using classes - enter the class here as well.
Go to "Suppliers" > "Categories" and click on a category name to edit this category. Select the expense account for this category from the dropdown.
You can also map the tax you're being charged into a specific tax account. Learn more about this here HOW TO - Exporting / Step by Step Go to "Accounting" > "Invoices" Use the select-all on the top left, or tick the boxes next to the invoices you want to export
Click on "Actions" > "Export to Xero"
Login to your Xero account and click on "Accounts" > "Purchases" Then click on "Awaiting approval"
Click on "Imported invoices" to view the invoices that just arrived from MarketMan.
You'll notice- every expense account on the invoice will show on a separate line with the list of items in each account and the total. Mastering the Xero integration - Exporting delivery notes (Commissary)
Getting started
Connecting MarketMan with Xero is allowing you to send invoices from MarketMan to Xero in 1 click!
Save time on double-entry of invoices. Our clients are saving a LOT of time by utilizing the accounting options-
HOW TO SET IT UP - Step by Step Go to "Settings" > "Company information"
On the right side under "Accounting", select "Xero" from the drop-down list, Click "Save" first and wait for the confirmation, Then click on "Connect to Xero":
You'll be prompted by Xero to allow MarketMan access: Click “Allow access”
