Beansquad

For&nbsp;<a href="https://scenthoundfranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=beansquad-franchise-bookkeeping-services-scenthound-2731331" target="_blank" rel="nofollow">ScentHound</a> franchisee&nbsp;<a href="https://www.linkedin.com/in/betsy-bingham/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=beansquad-franchise-bookkeeping-services-scenthound-2731331" target="_blank" rel="nofollow">Betsy Bingham</a>, the early days of ownership came with a familiar problem for operators moving fast: the work behind the work. Between running a demanding corporate role and building a multi-unit franchise portfolio, bookkeeping quickly became the kind of task that never stayed small.“I would say having the time to do the work to get all the transactions in the right categories and making sure they were in the right places,” Bingham said of her biggest challenge before outsourcing. She started working with&nbsp;<a href="https://beansquad.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=beansquad-franchise-bookkeeping-services-scenthound-2731331" target="_blank" rel="nofollow">BeanSquad</a> early, not because she didn’t understand the numbers, but because she didn’t have the bandwidth to build them. “Even though I have an MBA with a concentration in finance and I know how to read financial statements, I don’t know how to build them,” she said.<h2>When Growth Outruns Bandwidth</h2>As her footprint expanded, the stakes around the numbers got higher. Bingham is building toward multiple locations, with openings coming one after another. When you’re moving that fast, clean books aren’t optional — they’re what keep day-to-day decisions anchored in reality.<a href="https://1851franchise.com/beansquad/info">BeanSquad</a> didn’t just lighten the workload. It took the constant anxiety out of the monthly close and gave her a steadier cadence to run the business.&nbsp;“I don’t have to look ahead with dread at the end of the month, where I would have to manage a mountain of transactions because I wasn’t good at keeping up on them day to day,” she said. “I have peace of mind that I don’t have to think about it anymore.”<h2>Turning Reports Into Real Accountability</h2>With steadier reporting came better visibility into performance — especially around labor, one of the biggest levers in unit economics. Bingham said BeanSquad built custom QuickBooks reporting that made a key KPI usable in real time.“I have KPIs for my managers that they are accountable for, and one of them is the revenue-to-labor ratio,” she said. “They were able to set up a custom report that very clearly helps me understand where I’m doing at that gross-profit level.”Those statements now play directly into how she manages her teams. “We have a monthly operating review process with all of my managers,” she said. “I bring the financial statements in there and transparently they see it all.”<h2>Off the “Naughty List”</h2>Compliance support has been another quiet win, especially in the back-and-forth that can strain a franchisee’s relationship with the franchisor.“They’ve taken away the nagging emails I used to get about ProfitKeeper tasks to do,” Bingham said. “They’ve gotten me off the naughty list at corporate by taking care of those things.”<h2>Scaling Without Losing Visibility</h2>Her advice to other franchisees is direct: outsource — but stay engaged.“Really do it. It is well worth the investment,” she said. “You can’t just outsource and be hands off the wheel as a franchise owner. You have to be involved.”For Bingham, that mix — clean books, fewer compliance headaches and clearer insight into unit-level performance — is what makes growth feel manageable. It’s not just less work. It’s better work, supported by numbers she trusts.To learn more about BeanSquad's bookkeeping services for franchises, please visit&nbsp;<a href="https://1851franchise.com/beansquad">https://1851franchise.com/beansquad</a>.

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BeanSquad Bookkeeping Services: How a ScentHound Franchisee Scales With Clearer Financials

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Betsy Bingham opens up on the game-changing impact of streamlined bookkeeping, rapid compliance and smarter financial insights delivered by BeanSquad.

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BeanSquad Gave This ScentHound Franchisee the Financial Clarity to Scale With Confidence

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For&nbsp;<a href="https://scenthoundfranchising.com/">ScentHound</a> franchisee&nbsp;<a href="https://www.linkedin.com/in/betsy-bingham/">Betsy Bingham</a>, the early days of ownership came with a familiar problem for operators moving fast: the work behind the work. Between running a demanding corporate role and building a multi-unit franchise portfolio, bookkeeping quickly became the kind of task that never stayed small.“I would say having the time to do the work to get all the transactions in the right categories and making sure they were in the right places,” Bingham said of her biggest challenge before outsourcing. She started working with&nbsp;<a href="https://beansquad.com/">BeanSquad</a> early, not because she didn’t understand the numbers, but because she didn’t have the bandwidth to build them. “Even though I have an MBA with a concentration in finance and I know how to read financial statements, I don’t know how to build them,” she said.<h2>When Growth Outruns Bandwidth</h2>As her footprint expanded, the stakes around the numbers got higher. Bingham is building toward multiple locations, with openings coming one after another. When you’re moving that fast, clean books aren’t optional — they’re what keep day-to-day decisions anchored in reality.<a href="https://1851franchise.com/beansquad/info">BeanSquad</a> didn’t just lighten the workload. It took the constant anxiety out of the monthly close and gave her a steadier cadence to run the business.&nbsp;“I don’t have to look ahead with dread at the end of the month, where I would have to manage a mountain of transactions because I wasn’t good at keeping up on them day to day,” she said. “I have peace of mind that I don’t have to think about it anymore.”<h2>Turning Reports Into Real Accountability</h2>With steadier reporting came better visibility into performance — especially around labor, one of the biggest levers in unit economics. Bingham said BeanSquad built custom QuickBooks reporting that made a key KPI usable in real time.“I have KPIs for my managers that they are accountable for, and one of them is the revenue-to-labor ratio,” she said. “They were able to set up a custom report that very clearly helps me understand where I’m doing at that gross-profit level.”Those statements now play directly into how she manages her teams. “We have a monthly operating review process with all of my managers,” she said. “I bring the financial statements in there and transparently they see it all.”<h2>Off the “Naughty List”</h2>Compliance support has been another quiet win, especially in the back-and-forth that can strain a franchisee’s relationship with the franchisor.“They’ve taken away the nagging emails I used to get about ProfitKeeper tasks to do,” Bingham said. “They’ve gotten me off the naughty list at corporate by taking care of those things.”<h2>Scaling Without Losing Visibility</h2>Her advice to other franchisees is direct: outsource — but stay engaged.“Really do it. It is well worth the investment,” she said. “You can’t just outsource and be hands off the wheel as a franchise owner. You have to be involved.”For Bingham, that mix — clean books, fewer compliance headaches and clearer insight into unit-level performance — is what makes growth feel manageable. It’s not just less work. It’s better work, supported by numbers she trusts.To learn more about BeanSquad's bookkeeping services for franchises, please visit&nbsp;<a href="https://1851franchise.com/beansquad">https://1851franchise.com/beansquad</a>.

BeanSquad - Franchisee Profile - Steve Bjorkman - The UPS Store - 1851 Franchise

Franchisee Spotlight: How One Boise UPS Store Owner Keeps a Growing Operation Financially Organized

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COLORADO SPRINGS, Colo.&nbsp;—&nbsp;<a href="https://beansquad.com/services-franchise/">BeanSquad</a>, the financial services provider specializing in bookkeeping, compliance and KPI-driven advisory for franchise systems and multi-unit operators, is celebrating strong momentum in the first quarter of 2026.&nbsp;<a href="https://1851franchise.com/beansquad/beansquad-2025-year-end-recap-2026-growth-vision-2731165#stories">Building on a “momentous” 2025</a>, the company added approximately 75 to 80 new clients in Q1 while continuing to refine its service model and expand into new industries.“It’s been an interesting quarter,” said&nbsp;<a href="https://www.linkedin.com/in/mikegreenblatt/">Mike Greenblatt</a>, partner and senior vice president of business development and strategic growth. “We are ever-evolving to keep up with technology and the current marketplace. Our focus this quarter has been to better serve our clients. Our job is to understand the industry's needs. There is always a need, whether you want financial statements or financial services.”<a href="https://1851franchise.com/beansquad/info">BeanSquad’s</a> steady growth aligns with its consistent monthly client acquisition pace, bringing in approximately 25 new clients per month. That sustained performance reflects both the strength of its existing franchise relationships and its ability to attract new business across a broader range of industries.A key driver of that demand has been BeanSquad’s active presence at major industry events, including the&nbsp;<a href="https://www.franchise.org/annual-convention/">International Franchise Association (IFA) Convention</a> and the&nbsp;<a href="https://www.multiunitfranchisingconference.com/">Multi-Unit Franchising Conference (MUC)</a>.“We just got back from IFA and MUC,” Greenblatt said. “There is definitely a need for reliable financial information, and we are one of the leading firms to meet that need. It is our job to land those clients. Those conferences were great. It’s been great to see how strong the need is for what we do.”As BeanSquad scales, the team is rethinking how they deliver value. They are moving away from just checking boxes with traditional bookkeeping and toward a more hands-on, performance-driven partnership. By collaborating closely with their clients, BeanSquad is helping franchisees and operators dig deeper than surface-level reports to find what really moves the needle.“We always want to ensure the conversation shifts from P&amp;L to profitability,” Greenblatt said. “If I am just looking at your P&amp;L, I am typically not doing enough. We need to understand your KPIs, your margins, what makes your business tick. We want to focus on that.”After a standout year where the firm grew to nearly 1,000 clients, BeanSquad is using this first quarter as a springboard. By leaning into the high demand across franchising and related fields, the team remains focused on growing the firm’s client base and proving its value as a trusted financial ally.“Our focus continues to be on understanding the industry and delivering what our clients actually need,” Greenblatt said. “That’s where the opportunity is, and that’s what will continue to drive our growth.”To find out more information on costs to buy this franchise, please visit&nbsp;<a href="https://1851franchise.com/beansquad">https://1851franchise.com/beansquad</a>.ABOUT BEANSQUAD:BeanSquad is the premier financial services provider built exclusively for the franchise industry. Founded in 2019 by industry veterans Lance Diamond, Mike Greenblatt, Bruce Patz and Henry Uy, BeanSquad delivers scalable, franchise-specific bookkeeping, compliance, KPI analytics and advisory solutions. With a client roster that includes top brands like Dunkin’, Subway, The UPS Store and Cold Stone Creamery, BeanSquad supports over 100 franchise systems and is redefining what financial clarity looks like in franchising. Through exclusive partnerships, affordable pricing and proven results, BeanSquad empowers franchisors and franchisees to streamline operations, drive growth and stay focused on what matters most — running their businesses. Learn more at&nbsp;<a href="http://www.beansquad.com/?utm_source=1851franchise.com&amp;utm_medium=article&amp;utm_campaign=beansquad-2025-year-end-recap-2026-growth-vision-2731165">www.beansquad.com</a>.

The franchise-focused financial services company continues to scale thanks to profitability-driven insights, strategic partnerships and growing demand across industries.

BeanSquad Reports Strong Q1 2026 Growth, Adding Nearly 80 Clients and Expanding Industry Reach

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For franchisors, the end of the first quarter is more than just another date on the calendar; it is a defining moment that sets the pace for the months ahead. Brands that use this window wisely step into Q2 with a clear sense of direction and confidence. Those who let it slip by often find themselves wrestling with incomplete data and inconsistent reporting, facing financial blind spots that can quickly stall their momentum.At the center of that equation is one critical decision: choosing the right financial partner.“It has to align with what you are looking for,” said&nbsp;<a href="https://www.linkedin.com/in/mikegreenblatt/">Mike Greenblatt</a>, partner and senior vice president of business development and strategic growth at&nbsp;<a href="https://beansquad.com/">BeanSquad</a>. “You want to make sure, from a financial standpoint, especially in franchising, that you are working with a partner that understands how you operate.”<h2>Why Q1 Sets the Foundation for the Year</h2>By the end of Q1,&nbsp;<a href="https://1851franchise.com/beansquad/beansquad-last-call-clean-books-franchise-tax-season-2731466">franchisors should have a clear understanding of their system-wide performance</a>: what’s working, what’s not and where growth opportunities exist. This includes clean financial reporting across locations, accurate benchmarking and the ability to identify trends early.That kind of clarity doesn’t just happen. Franchise systems are naturally complex, juggling royalty structures, sales tax duties and compliance needs across many different owners. Managing those moving parts requires more than a standard accounting approach; it needs a specialist who knows the industry inside and out.“You have an obligation to the franchise concept itself,” Greenblatt said. “There are sales tax obligations, there are avenues towards success and there are avenues towards commoditization. Sometimes the cheapest option is not the best option.”Too often, franchisors or franchisees opt for low-cost accounting solutions that lack the franchise-specific expertise needed. While it may save money upfront, it can create costly inconsistencies later — especially when it comes to reporting, compliance and growth planning.<h2>Clean Data, Clear Growth Strategy</h2>For franchisors, Q1 is the time to validate that their financial house is in order. “Franchisors want to ensure that the books are done the right way, with a clear line toward growth,” Greenblatt said. “They want visibility into whether the books are managed the right way. You can use it to better sell your product line.”Keeping things consistent across the board is vital for a few reasons. For starters, it lets franchisors see exactly how each location is performing and spot the real winners. Beyond that, having solid, reliable numbers makes it much easier to tell a convincing story to potential new franchisees, showing them exactly what the brand is capable of.While franchisors benefit from system-wide visibility, franchisees also gain a significant advantage from clean, structured financials, especially early in the year. “From a franchisee perspective, you want clean books to make better operational decisions towards profitability,” Greenblatt said.When franchisees understand their numbers, they can make smarter decisions about staffing, marketing and day-to-day operations. This not only improves unit-level performance but also strengthens the overall brand.And perhaps most importantly, it ensures that franchisors are building toward one of the most critical documents in franchising:&nbsp;<a href="https://1851franchise.com/understanding-the-franchise-disclosure-document-whats-inside-and-why-it-matters-2729366">the Franchise Disclosure Document (FDD)</a>.<h2>The FDD Advantage: Why Accuracy Matters</h2>A clean, accurate FDD is one of the most powerful tools a franchisor has — but it is only as strong as the financial data behind it.Without standardized, reliable financials across the system, franchisors risk inconsistencies that can raise red flags during validation, slow development or even create compliance issues. On the flip side, a well-structured financial foundation allows brands to present credible performance representations that support franchise sales.<a href="https://1851franchise.com/beansquad/info">BeanSquad</a> plays a critical role in this process by ensuring that financials are not only accurate but also aligned across the system. By standardizing bookkeeping practices, managing compliance reporting and supporting revenue recognition, the firm helps franchisors build FDDs with confidence.<h2>Beyond Bookkeeping: A Strategic Growth Partner</h2>What separates BeanSquad is its ability to go beyond basic accounting and serve as a true financial partner for franchise systems.While traditional bookkeepers focus on recording transactions,&nbsp;<a href="https://1851franchise.com/beansquad/franchise-financial-health-check-beansquads-diagnostic-approach-to-bookkeeping-2730207">BeanSquad takes a diagnostic approach</a>. “We understand what the books look like so we can best support you,” Greenblatt said. “Working with a franchise expert in the accounting space, we understand how franchisors and franchisees think.”This franchise-first mindset allows BeanSquad to act as a bridge between franchisor and franchisee, ensuring consistency across the system while also empowering individual operators.From analyzing KPIs and identifying profitability drivers to ensuring compliance with royalty reporting and financial submissions, BeanSquad helps franchisors turn financial data into actionable strategies.<h2>Start Strong to Finish Strong</h2>As franchisors wrap up the first quarter, the real goal is to look past the spreadsheets and understand what the numbers are actually saying about where the business is headed. That takes a partner who lives and breathes franchising—someone who keeps every location in sync and helps turn raw data into a practical roadmap for the rest of the year.“It’s about finding that middle ground,” Greenblatt said. “That is the challenge and the opportunity.”With the right financial partner in place, franchisors can move forward with confidence — knowing their foundation is solid, their data is clean and their system is positioned to grow. Because in franchising, how you start the year often determines how far you can go.To learn more about BeanSquad's bookkeeping services for franchises, please visit&nbsp;<a href="https://1851franchise.com/beansquad">https://1851franchise.com/beansquad</a>.

As the first quarter closes, franchisors must move beyond basic bookkeeping and ensure their financial foundation is aligned for growth.

Why Franchisors Need the Right Financial Partner by the End of Q1

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The calendar reads mid-February and for franchise owners, that date carries weight. In only a few weeks, the window for a relatively smooth tax season begins to close. By March 1, many CPAs stop taking on new files and start preparing extensions.&nbsp;For franchisees and franchisors alike, mid-February is often the last real opportunity to turn a year of transactions into a clear financial picture.&nbsp;<a href="https://www.linkedin.com/in/mikegreenblatt/">Mike Greenblatt</a>, vice president of operations and strategic growth at&nbsp;<a href="https://beansquad.com/services-franchise/">BeanSquad</a> — the financial services company that delivers outsourced bookkeeping and compliance support for franchises — said he sees the same pattern year after year. Waiting doesn’t just create stress; it can wind up being costly, too.<h2>The Hidden Costs of Waiting</h2>Some operators believe they can hand everything to their CPA at the end of the year and let them sort it out while preparing the return. Greenblatt said that approach often leads to higher bills and weaker results. When CPAs are buried during peak season, even routine cleanup work can come with premium hourly rates.“If you’re working directly with just your CPA, they revel in this opportunity to charge you their hourly rate and throw journal entries in so they can run a tax return for you that may not even be that accurate,” Greenblatt said. “If you don’t handle your bookkeeping on a monthly basis, even at worst quarterly, and you wait until the end of the year, you’re going to cost yourself an arm and a leg. A CPA can charge you hundreds of dollars an hour just to get your books cleaned up for the year. And that’s a lot more expensive than a monthly bookkeeping cost.”Accuracy tends to be an issue under such circumstances, too. Compressing 12 months of activity into a short window increases the likelihood of mistakes. If revenue isn’t properly categorized, a CPA may treat every deposit as income. That can mean paying taxes on money that’s not even actual profit.<h2>Systemwide Consequences</h2>In franchising, the impact of disorganized books doesn’t just stop at a single location. Weak or incomplete data can affect the system as a whole. Franchisors depend on accurate financial reporting, which helps build dependable Item 19 disclosures in the Franchise Disclosure Document while providing benchmarking information across the network.When regular financial submissions aren’t required, the franchisor may lack visibility into what’s actually happening on the ground. Greenblatt said some brands lean heavily into point-of-sale data, which may capture sales but fails to paint the full financial picture.“Item 19s are incredibly important to a franchise concept, right? If they have a proper Item 19, it allows them to sell more. But I talked to a lot of different concepts where they never required financial submission. Which means they may have been making a lot of assumptions,” Greenblatt said. “So, being disorganized can create a lot of ripple effects.”Without reliable data, measuring true profitability becomes more difficult. It can also stall growth. Plus, lenders typically require clean, reconciled profit-and-loss statements and balance sheets before even considering potential financing. If those documents aren’t in order, expansion plans may fall to the back burner.<h2>Bookkeeping vs. Tax Preparation</h2>Bookkeeping and tax preparation aren’t the same function, and the misunderstanding of these roles can create problems. Greenblatt said&nbsp;<a href="https://1851franchise.com/beansquad/info">BeanSquad’s</a> focus is on preparation: reconciling bank accounts, organizing balance sheets and properly categorizing profit-and-loss statements.That groundwork allows a CPA to step in with a cleaner financial package, but timing matters too. Even the most efficient cleanup team depends on the information an owner provides and the timeline in which it’s provided.“Last-minute cleanups are only as messy as the information presented to you,” Greenblatt said. “At the end of the year, we’re at the disposal of the access points our clients give us. However, there’s a much shorter deadline we can play with.”<h2>Using Data as a Compass</h2>For Greenblatt, the urgency around March isn’t just about meeting IRS deadlines. It’s about giving operators better visibility into their business before the year gets going. Too many franchise owners rely on bank account accounting: judging performance by whether there’s money in the account.Still, that mindset can be misleading. Without financial statements that are actually reliable, owners lose the ability to run a meaningful gap analysis, which can make it difficult to properly assess how actual results compare with expectations.“You don’t want to look up and say, ‘I’m making money and I have more than I did at the start of the year,’ and think that means you’re succeeding,” Greenblatt said. “If I’m supposed to be at a 22% bottom line and I’m at 4%, sure, technically, I made money. But I’m off by 18%! So, I should want to know why.”Cleaning up the books now allows operators to review seasonality, identify trends and adjust course for the months ahead, enhancing the odds of successfully scaling a business.“The financial facts give you the foresight to make proper decisions,” Greenblatt said. “It’s taking what’s happening operationally, what you see with your eyes, and what’s on paper. Then it’s putting them together to make operational decisions that truly impact your business.”To learn more about BeanSquad's bookkeeping services for franchises, please visit&nbsp;<a href="https://1851franchise.com/beansquad">https://1851franchise.com/beansquad</a>.

BeanSquad VP Mike Greenblatt breaks down why disorganized financials do more than just stress out accountants; they actively drain profit through high cleanup fees and missed deductions.

BeanSquad Gave This ScentHound Franchisee the Financial Clarity to Scale With Confidence

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