BookKeeping Express Boosts Bottom Line for Franchise Systems
National Franchise Aligns Franchisor and Franchisees through Franchisor Express Program
July 19, 2013 // Franchising.com // MCLEAN, Va. – BookKeeping Express, the first U.S. franchise focused solely on bookkeeping services, is improving the financial well-being of their peers in the Franchise Industry through its specialized Franchisor Express program. Leveraging its experience as a Franchisor and its expertise in accounting, BookKeeping Express is helping systems solve an imperative piece of the operations puzzle.
Through the Franchisor Express partnership, BookKeeping Express works with both the Franchisor and Franchisee to improve the bottom line for each party. Here’s how it works: the Franchisor designates Bookkeeping Express as the Preferred or Mandated vendor within their system to provide bookkeeping and accounting services to the system Franchisees. The Franchisee works directly with a local BookKeeping Express operator to manage all financial needs, removing the frustration of handling complicated bookkeeping tasks. The Franchisor benefits from valuable financial data across its system and is able to better support its franchise owners.
“When it comes to financial reporting, many entrepreneurs either try to master their books on their own, outsource to a CPA at the last minute or don’t do anything at all,” said Greg Jones, CEO of BookKeeping Express. “Without an accounting or finance background, bookkeeping is very complex and frustrating for franchisees as it takes them away from managing and growing their business. Building a franchise owner’s unit economics and thereby strengthening the system as a whole is our main focus with Franchisor Express.”
The program launched in January 2013, and BookKeeping Express has already partnered with multiple national franchise brands throughout the country. The bookkeeping franchise has also officially partnered with Qvinci Software – the leading financial reporting platform bringing unmatched value to clients in the Franchisor Express program. Bookkeeping Express now has the ability via the Qvinci platform, to roll up financial data across all Franchisees giving the Franchisor the ability to have visibility and actionable data to better manage the system.
“One of the major benefits of using a service like ours is our custom cloud-based system that hosts the necessary tools all in one, centralized platform. We house data from bookkeeping, bill pay, payroll, and merchant services for an integrated and user-friendly approach,” said Jones. “Now with addition of Qvinci, we can offer the best financial reporting and more importantly, strategic analysis, to franchise systems giving them an in-depth, detailed look at their business operations.”
All information is available through the BKE Connect system, which allows businesses remote access to all bookkeeping files through an outside server. Organizations receive timely, accurate and prompt monthly reports from franchisees that are essential to managing the system.
BookKeeping Express offers a much-needed service to companies that are not equipped or do not wish to handle accounting responsibilities, 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.
For more information, please visit www.bookkeepingexpress.com or contact 877-525-5337.
About BookKeeping Express
BookKeeping Express, a national company that provides businesses with professional bookkeeping services, 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 January 2008. The franchise has grown to more than 40 offices in the United States and Canada. An award-winning franchise system, BookKeeping Express is consistently ranked by Entrepreneur's Franchise 500 – jumping 58 spots on the list in 2013. The company is based in Vienna, Virginia. To learn more about BookKeeping Express, visit www.bookkeepingexpress.com.
About Qvinci Software and Qvinci
Qvinci Software is the creator of Qvinci, an industry-leading, cloud-based solution that automatically collects and consolidates in seconds an unlimited number of QuickBooks files and other data, wherever located, in an enterprise-class interface that gives the user a vast array of tools to analyze and act on the data, for better decisions, competitive advantage, and improved profitability. To learn more about Qvinci, visit www.qvinci.com.
[“Qvinci” is a registered trademark of QuickDash, LLC dba Qvinci Software]
SOURCE: BookKeeping Express
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