I’ve officially spotted ice cream, coffee and beer (yes, beer) in pumpkin form meaning that fall is right around the corner. As temperatures are dropping, so are MarginEdge software releases.
The high level:
New MarginEdge Mobile App – We’re working on a brand new MarginEdge Mobile App with an improved invoice uploading experience and we’re in the market for some users to try it out! If you’re adventurous with new tech, have an iPhone, and interested in dedicating some time to help us improve, we’d love to talk to you about testing! Please reach out to us at mobiletesters@marginedge.com if you are interested in testing our new app.
As always, if you have any feedback or ideas to improve – we want to hear it! Just reply to me here or reach out to help@marginedge.com.
– Simon Krauss, Director of Product Management
Partial Payments are here and putting a song in our ears*! Waiting for a credit to come in, paying a deposit, or splitting a large invoice out over a few payments? Bill Pay now supports paying partial amounts. We’ll keep track of your balance for you and mark it as fully paid once you’ve paid it all off.
This new functionality is currently available for all restaurants using QuickBooks Desktop or QuickBooks Online. Please reach out to simon@marginedge.com if you are interested in using Partial Payments with another accounting system.
Along with partial payments:
* = I’ve been so excited for this feature to come out that I’ve been singing about it…here’s my jingle, to the tune of “Part of your World“ from The Little Mermaid.
Catchy, isn’t it?
Say goodbye to paper transfers sheets! You can now record your internal transfers directly in MarginEdge.
To initiate an internal transfer, all you need to do is pick the restaurant where the transfer is headed, select which products you want to transfer, and indicate the quantity. Your transfer will automatically be reflected on your reports and be ready to export to accounting.
If you have multiple restaurants within a concept, you’ll find the Transfers option under the Order header in the left sidebar.
If you’re not using this feature yet, but interested in transferring items from one restaurant location to another and keeping it straight in MarginEdge, we recommend you check out this new and improved way to account for your transfers!
This feature is available for restaurants that operate within the same concept. For more information, check out this help article Internal Transfers.
Introducing the Menu Analysis 2×2! To show you how each menu item is performing in terms contributions to profit, we’ve taken Menu Analysis data and placed each item on an easy-to-digest chart. By comparing item volume and profitability, you can quickly identify the “Stars” (purchased frequently with high unit profitability), the “Dogs” (purchased infrequently with low unit profitability), and those in between.
We recommend evaluating one or a few categories of your menu at a time to level-set profitability and volume expectations.
(Just a note that that we inherited these terms from the industry – we would never categorize a menu item as dog but renaming it the “Almost there little buddy” section seemed like a mouthful. 🙂)
Navigation: Recipes > Menu Items > Menu Analysis > View As: Chart
For more insights on what each quadrant means and what you can do about them for better menu performance, you can view our Menu Analysis 2×2 blog post.
QuickBooks Desktop, QuickBooks Online, and Sage Intacct – Exporting Credit Card Paid Invoices
If you use QuickBooks Desktop, QuickBooks Online or Sage Intacct, you can now export invoices and mark them as paid by credit card. Invoices exported with a credit card payment account will report a credit card charge to the mapped vendor account. If you don’t want to create vendors for certain invoices paid with a credit card, you can still export the invoice without a vendor mapping and the vendor name will show up as a memo in your credit card register.
To learn more about our new credit card payments account support and how to get set up, check out the help article Setting Up Payment Accounts.
Peachtree – Memo Lines
We’ve added support for memo lines on sales lines exported to Peachtree accounting system. If you’d like to get memo lines, reach out to help@marginedge.com to help you get set up.
Restaurant365 – Image Links
On orders exported to Restaurant365, we now include an invoice link in the comment fields that takes you to the invoice in MarginEdge.
New POS Integrations
New Labor Integrations
After over a year as a dispersed team, we are getting together for an all-hands retreat Wednesday, September 22 through Friday, September 24. We’ll be doing some team building events and planning for an exciting year ahead, but it may make our response times a little slower. Thank you in advance for your patience with us!