Posts Tagged “COGS”

Why Hire a Bookkeeping Service that Specializes in Franchises?

Once they get up and running, a franchisee’s primary task should be to build solid footing and grow. Don’t let them handle their bookkeeping in-house; it’s not the best use of their limited time, talent and resources. With today’s technology, outsourcing bookkeeping is as easy as outsourcing payroll. Work with bookkeepers that cater to franchise clients, like Bookwerks^TM. We provide each franchisee a customized Chart of Accounts and timely reporting. Franchisors get consolidated reporting. And it all comes at a discounted, flat monthly fee. Using cloud-based SaaS technology, we electronically scan, digitally read and categorize vendor invoices, and also link directly with management or POS systems, payroll, and credit card and bank accounts, eliminating hours of data entry by the franchisee’s team. Franchisees receive robust monthly Income Statements and Balance Sheets, clear answers to their questions, and more time to focus on their business and maintaining a healthy work/life balance.