Gross Margin
February 20, 2017
Gross Margin, perhaps our favorite accounting metric here at BookWerksTM, is calculated by subtracting what your product or service cost you (Cost of... Read More
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As a Franchisor, bookkeeping and accounting are necessary evils. They are important, certainly, but don’t contribute to the bottom line. Franchisees doing their own financial record-keeping is a poor use of their time. A better way to get these tasks done accurately and efficiently is to outsource them to professional bookkeeping or accounting services dedicated to entrepreneurs and franchises. BookWerks™ provides affordable outsourced bookkeeping services to small business owners using the latest technology. Every Franchisee receives a customized Chart of Accounts, standardized reporting, and consolidated reports that go to the Franchisor, at a discounted flat monthly fee. Applying cloud-based SaaS technology, we electronically scan, digitally read and categorize vendor invoices, and link directly with management or POS systems, payroll, credit card and bank accounts. Franchisees get robust Income Statements and Balance Sheets within days, quick answers to questions, and more time to focus on their business and work-life balance.