April 27, 2010 // Franchising.com // THUNDER BAY, Ontario – Established U.S. bookkeeping franchisor, BookKeeping Express (BKE), the first franchise of its kind focused solely on certified bookkeeping services, announced today that it will be expanding their licensing program throughout Canada.
Looking to build on the success of BKE's current licensee in Thunder Bay, Ontario, Greg Jones, the company's CEO, has developed an aggressive growth plan to expand the business across Canada. Norm Eady, the Thunder Bay licensee, opened his BKE office nearly a decade ago.
"As the demand for bookkeeping and accounting services continues to soar throughout North America, the potential for success as a BookKeeping Express licensee has never been better," said Jones. "We've cemented BookKeeping Express as the leading certified bookkeeping concept. It offers tremendous opportunities for Canadian entrepreneurs and existing accounting practices."
Extending the brand's footprint in North America beyond the 120-plus U.S. territories it is covering with its services, the licensing opportunity provides a proven investment for entrepreneurs seeking to enter the steady and resilient industry or for accounting firms looking to expand their current offerings.
Based on the success of its current U.S. operations, which includes launching its franchising program in 2008 and growing the business to 20 franchise offices and two corporate locations in 12 states, BKE's growth plans call for developing 10 new territories in Canada by the end of 2010. Overall, company plans include developing more than 50 territories throughout the country by the end of 2010, projecting to corner the bookkeeping services niche in Canada.
"BookKeeping Express offers a wonderful convenience for small and mid-size business owners who often put off keeping track of their books," said Eady. "The impact of failing to keep books current can be devastating on small businesses, as it exposes them to theft, fraud and increased expenses come tax season."
For companies that are not equipped or do not wish to handle accounting responsibilities themselves, BKE offers accounting services such as setting up charts of accounts and general ledgers, monthly data entry, processing and managing accounts payable and accounts receivable, producing monthly reports and tax reporting. Plus, BKE utilizes a Custom Flex Pricing Model that is based on the clients' needs instead of a one fits all, hourly billing approach.
As part of the BKE license model, all offices will offer the BKE Connect system, which allows businesses access to all bookkeeping files remotely through an outside server, as well as a dashboard that clearly and visually 'sums' up the business' operations for thorough analysis. Plus, small to mid-sized business owners can synchronize their QuickBooks and enjoy convenient, anytime access to their financial documents through BKE EDocs, a new electronic filing system designed to provide secure, online storage of financial documents.
BookKeeping Express is an affordable business opportunity tailored for today's transitioning professional; per territory start-up fees run under $10,000.
BookKeeping Express, a national company focused on providing professional bookkeeping practices to small businesses, was founded in 1984 in California and grew to over 150 locations through licensing agreements. In 2007, Greg Jones, along with Bob Stocker and Merritt Green, purchased the company and launched the new business model in McLean, Virginia in January of 2008. BookKeeping Express is currently registered to franchise in 41 states.