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How a Franchise Bookkeeper Can Streamline Franchise Compliance
Franchise ownership offers entrepreneurs a key to the kingdom of business ownership—with a recognized brand, no less.
However, these advantages come with significant responsibilities. One of the scariest phrases for any business owner (franchise or not) is this one: financial compliance.
According to the International Franchise Association, nearly 60% of franchisors identify compliance management as a top concern.
Franchisees must adhere to stringent financial reporting standards, tax regulations, and operational requirements to maintain their franchise agreements, and to avoid costly penalties.
Managing these obligations can be overwhelming, especially for franchisees juggling multiple locations.
That’s where we come in. Acctivator can provide essential support to budding franchisees, aspiring multi-unit franchisees, and small businesses.
Our real-time financial data, automated reporting, tax preparation, and centralized bookkeeping, ensure that franchisees remain compliant, almost effortlessly. Without all that compliance worry clouding your every move, you can get back to focusing on business growth.
Case Study - Indirect Spend Reduction
Indirect spend analysis can result in real, hard dollar savings. Since we have access to our clients’ invoicing, history, and other metrics, we work with our partners to analyze spend as soon as we get the green light from our clients. Without so much as lifting a finger, they begin to see real savings.
Case Study - AP AUTOMATION FOR MASSAGE ENVY
Without a strategic partnership to help, overspending on accounts payable was becoming expensive and time consuming for this multi-unit Massage Envy franchise owner.
The Benefits of Full-Service Accounting for Small Businesses and Franchises
Running a business? Then you know that managing finances is one of the most critical — and time-consuming — things that you do. Whether you’re a small business owner or a franchisee, the complexities of bookkeeping, payroll, tax prep, and reporting can feel overwhelming. And that’s exactly why so many people in your position opt for full-service accounting. This ensures that every financial aspect of your business is handled seamlessly, from day-to-day transactions to strategic planning, allowing you to focus on what you do best — running your business.
Case Study - ROI for Multi-Unit Jiffy Lube Franchise Owner: Driving Revenue Growth and Streamlined Operations
When this 20+ unit Jiffy Lube & Mighty Auto Parts chain approached Acctivator, they were struggling with inaccurate, inconsistent and delayed reporting that prevented management from making strategic business decisions. Here’s how we turned things around.