For franchisees, managing finances across single or multiple units can be a daunting task. Beansquad offers a powerful, tailored accounting solution that simplifies bookkeeping, ensures compliance and supports growth, allowing franchise owners to focus on business success. Here’s a look at what makes Beansquad stand out from competitors and why it’s the preferred choice for franchise accounting.

Comprehensive Services That Franchisees Can Trust

Overall, Beansquad’s services are meticulously designed to meet the unique needs of franchise operations. “We wanted to create a solution where franchise owners feel supported in their financial management without being overwhelmed,” said Mike Greenblatt, partner and senior vice president of development. “With weekly financial updates, sales tax filings, compliance reporting and more, we handle the details so franchisees can focus on their core business.”

From core bookkeeping and sales tax management to advanced KPI analytics and advisory services, Beansquad offers a suite of tools that empowers franchisees to make informed decisions, stay compliant and thrive in their industry. Here’s a breakdown of its standout services:

• Core Bookkeeping: Precision is at the heart of Beansquad’s bookkeeping service. With weekly cash and credit updates, clients can expect consistent, accurate financial management that aligns with growth goals. Designed for simplicity and reliability, this service offers clear reporting, so franchisees can stay focused on their business without worrying about the numbers.
• Sales Tax Management: Navigating sales tax compliance is no small feat, especially for multi-unit operators. Beansquad handles over 6,000 sales tax filings annually, providing accurate filing and remittance services tailored to each client’s business needs. This end-to-end solution ensures franchisees are compliant without the headache.
• Franchise Compliance and Reporting: Beansquad directly collaborates with franchisors to maintain compliance across all units. This service ensures each unit adheres to franchisor requirements, alleviating stress for franchisees and providing peace of mind that they’re always meeting corporate standards.
• KPI Analytics and Consolidated Reporting: Using industry benchmarking tools, Beansquad offers data-driven insights that franchisees need to grow and excel. This service consolidates data from all units, delivering a comprehensive performance overview that supports informed, strategic decision-making.
• Advisory Services: Beyond bookkeeping, Beansquad offers advisory services to franchisees looking for expert guidance in financial strategy. Clients are assigned a dedicated account manager and onboarding specialist, providing a personalized experience and resources for informed financial planning.

Designed for Franchisees at Any Scale

Beansquad’s adaptable approach is structured to support both single-unit operators and large multi-unit franchisees. With a client base of 40% single-unit operators, 40% multi-unit operators and 20% franchisees with five or more units, Beansquad’s model meets diverse business needs while maintaining the same level of exceptional support.

“Our pricing and support infrastructure allow us to deliver high-level services without the high costs,” said Greenblatt. “For franchisees, this means they get reliable, comprehensive support at an affordable price.”

Beansquad offers flexible, scalable franchise accounting solutions designed to meet diverse client needs, with Cash Basis Reconciliation & Management starting at $299 per month for single-unit operations, $289 per month for 2-4 unit operators and custom pricing for clients with five or more units, plus an optional sales tax filing service for an additional $35 per month. Core bookkeeping, comprehensive sales tax filing and reporting, franchise compliance support, KPI and analytics tracking, and advisory services are all included, with pricing that decreases as more units or clients join their service. 

Beansquad’s Accrual Basis Reconciliation & Management service starts at $364 per month for single-unit franchises, $354 per month for 2-4 unit operations and custom rates for larger accounts, and includes all cash basis services along with dedicated client portals, assigned account managers, accounts payable and receivable management, and custom inventory solutions, ensuring franchise owners have the financial clarity they need to grow and succeed.

Beansquad’s strategic partnerships with ProfitKeeper and Boefly further connect the brand to the franchise industry, delivering powerful financial benchmarking tools that other bookkeeping providers can’t match.

Why Beansquad Stands Out in Franchise Accounting

Beansquad’s reputation for reliability, efficiency and scalability has attracted top franchise brands, including The UPS Store, Dunkin’, and Subway.. Since its founding in 2019, Beansquad has expanded its client roster to over 1,400 clients across the franchise industry..

“We have a track record of success in both our retail and wholesale divisions,” said Greenblatt. “This experience, combined with our connections across the franchise industry, allows us to support clients confidently.”

A Proven Partner for Growing Franchises

Beansquad isn’t just a bookkeeping service; it’s a growth partner for franchisees looking to streamline financial operations and improve profitability. By handling financial reporting, compliance and strategic advisory, Beansquad enables franchisees to focus on what they do best — running their business. 

“With the increasing complexity of financial reporting and compliance, franchises need a reliable partner more than ever,” said Greenblatt. “Beansquad’s premier accounting solutions stand ready to provide the accuracy, support and insights your franchise needs to thrive.”

For more information, visit: https://www.beansquad.com/.