About BookWerks™

We started in 2012 as a small advisory firm helping business owners grow their companies. It soon became obvious that two of the biggest challenges our clients faced were

  1. how best to use their limited time, talent and resources to focus on and build their business, and
  2. having the accurate, timely financial data to best address that challenge.

Small business and franchise owners are often spread too thin, finding themselves handling non-revenue-generating tasks that are essential, but outside their core competency.

Supporting clients with timely, robust financial information

So in 2014, we added cloud-based bookkeeping and shifted our focus to supporting clients with timely, robust financial information. By taking the tedious task of recording transactions off their hands, we found clients not only had better data to direct their business; they also had more time to focus on their core competency, grow their operation and maintain a healthy work/life balance.

Set up your FREE Small Business Bookkeeping Consultation Today

Today, BookWerks™ is a leader in cloud-based outsourced bookkeeping, and one of the top franchise bookkeeping services in Cincinnati. We serve clients across the United States in a wide arrange of industries including:

  • Restaurants
  • Dental and Veterinarian Practices
  • Funeral Homes
  • Hair Salons
  • Retailers
  • Graphic Designers
  • Marketing Companies
  • Landscapers
  • IT/Software Developers
  • Contractors
  • Wealth Management Firms

How Our Bookkeeping Services Help Small Businesses Like Yours

Here are some of the ways BookWerksTM has helped our clients’ businesses grow:

Managing accounts day-to-day

Every day, we record all transactions for the business. Our software automatically catalogs income and expenses by category, making it much easier for clients to stay up on their cash flow.

Maintaining accurate, current records

Each client’s dedicated BookWerks’TM bookkeeper keeps all the business’s records up to date. The bookkeeper regularly looks for any inconsistencies between the books and the business accounts, so these can be reconciled as quickly as possible.

Managing accounts with the bank

Bank feeds linking accounting software with business accounts allow our clients to see transactions as they happen.

Preparing statements showing financial position

The BookWerksTM bookkeeper prepares reports for the business, such as Profit and Loss statements, balance sheets and cash flow statements.

These reports show where the business stands, how much it is spending on operations, current assets and liabilities, and cash flow.

Bookeeping services for franchises

We work with a range of Franchisors and their Franchisees, providing the financial information they need for smart decision-making, and freeing up owners’ time to run their businesses.

Not every bookkeeping company understands the franchise equation, and what Franchisees need from their bookkeeper. Here at BookWerksTM, Cincinnati franchise bookkeeping is a specialty.

  1. We provide Franchisee financial record keeping training,
  2. link directly with management or POS systems, payroll, credit card and bank accounts, eliminating hours of manual data entry,
  3. set up systems to enable at-a-glance location comparisons, and
  4. make sure Franchisees pay their Marketing, Royalty and Management Fees on time, every time.

We track Initial Fees and other franchise-specific costs in a separate category so Franchisees can write off as many as the law allows.

We’d like to be your partner in business growth! Call BookWerksTM for a free consultation today!

 

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How to Keep Restaurant Books Running Smoothly

Restaurant bookkeeping must include a defined, simple Chart of accounts. Sales and direct costs should be broken into Food, Beer, Liquor and Wine. Break Payroll down by Front of House, Back of House, Management and Owner. Maintain Rent, Utilities, CAMs and Security as Occupancy Expenses. A cloud-based point of sale (POS) system that allows for ad hoc and on-the-spot reporting is critical. It is your go-to for understanding sales trends, and creates a seamless transition from POS to the books. Work with a payroll provider that tracks the FICA tip credit and can run departmental payrolls. Keep a daily cash report connected to drawer and safe balances. For any ‘paid-out’ expenses, ensure amounts are recorded and receipts are attached to the report. Have all credit card tips paid on employee’s regular paychecks.