Beansquad

Bookkeeping is the lifeblood of any business and franchises are no exception. For both franchisees and franchisors, bookkeeping is about uncovering insights that fuel smarter decisions, stronger growth and long-term financial health.&nbsp;<a href="https://beansquad.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-financial-health-check-beansquads-diagnostic-approach-to-bookkeeping-2730207" target="_blank" rel="nofollow">BeanSquad</a> has built its reputation on delivering a diagnostic, franchise-specific approach that goes far beyond traditional bookkeeping.“When you look at bookkeeping, there are multiple levels to it — financials, accounting, etc.,” said&nbsp;<a href="https://www.linkedin.com/in/mikegreenblatt?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-financial-health-check-beansquads-diagnostic-approach-to-bookkeeping-2730207" target="_blank" rel="nofollow">Mike Greenblatt</a>, partner and vice president of operations and strategic growth at&nbsp;<a href="https://1851franchise.com/beansquad/info">BeanSquad</a>. “There is the foundation level of whether I marked all credits and debits accurately. Are they in the right spot? We like to move layer by layer up, whether we are looking at trends or looking at metrics to identify.”<h2>Moving Beyond the Basics</h2>Most bookkeepers can record debits and credits, but&nbsp;<a href="https://1851franchise.com/beansquad/top-5-reasons-franchisees-need-to-partner-with-beansquad-for-bookkeeping-services-2728115">BeanSquad’s value</a> lies in peeling back the layers to uncover what the numbers really mean.“I just had a conversation with a person who is getting into a new concept, who asked, ‘How do I know when I should break even? How do I know where I should be?” Greenblatt said. “So we can work with franchisors to determine the average break-even point, which stores are successful, and what percentages they achieve. Gross margin may fall within this category, etc. We want to be able to give you that analysis so you can take that information and make informed decisions. Do I overstaff with my initial first couple of months, or do I hire up as I grow? There are two ways of getting to it, but we hope by the breakeven point, we are at the same spot.”That ability to provide a roadmap helps franchisees understand not just&nbsp;where they are, but&nbsp;where they should be.<h2>A Forensic Accounting Lens</h2>BeanSquad also takes what Greenblatt calls a “forensic accounting approach” — digging into anomalies and trends to uncover hidden issues.“We want to look at what is going on with your financials. Why was July so out of sync with prior months, for example? A lot of financial analysis just comes from asking the right questions,” he said. “The owner may know the answer, but they just aren’t being asked. If they aren’t hitting those net profits they want, sometimes you have to ask the right questions to get them to talk and explore the operational side, so they can make the right decision from the financial approach.”<h2>Franchise-Specific Expertise</h2>One of the biggest differentiators for BeanSquad is&nbsp;<a href="https://1851franchise.com/beansquad/how-beansquad-is-revolutionizing-franchise-bookkeeping-for-seamless-financial-management-2727989">its laser focus on franchising</a>. While many bookkeepers serve general small businesses, BeanSquad understands the nuances of franchise financial management — from royalty fees and compliance reporting to multi-unit structures.“There aren’t many bookkeepers that focus on franchising because all concepts are so different. But the average accounting firm will take their expertise specifically toward financials, while we are focused more on franchising,” Greenblatt said. “We understand how franchisors and franchisees think and we can ask the proper questions and make sure they know. That may be submitting to a compliance system — we do that for you, whereas the average bookkeeper won’t even know to do that.”<h2>Learning From the Network</h2>Another key advantage is BeanSquad’s ability to&nbsp;<a href="https://1851franchise.com/beansquad/how-beansquad-transforms-franchise-financial-management-for-the-ups-store-operators-2728461">leverage its experience across hundreds of brands</a>.“Working with a firm like us, we understand that each client isn’t completely isolated. You aren’t the first UPS Store we have worked with, for example. You aren’t the only franchise we have worked with,” Greenblatt said. “We pull a lot of information, not just from your direct franchise concept, but from the franchise industry in general, so we can give key insights. We also have key relationships, from lending, payroll, vetting, etc., that we open up to the network to the rest of the customer base.”This franchise-first mindset ensures that clients benefit not only from accurate books, but also from valuable benchmarking, industry best practices, and expanded resources.<h2>The Bottom Line: A True Health Check</h2>Bookkeeping doesn’t have to be a chore — it can be a powerful diagnostic tool. By combining foundational accuracy with layered analysis, forensic insight and franchise-specific expertise, BeanSquad helps franchisees achieve financial clarity and confidence.“We want our clients to see bookkeeping as more than compliance,” Greenblatt said. “It’s about understanding your numbers, asking the right questions and having the tools to make the best decisions for your business.”For more information, visit:&nbsp;<a href="https://1851franchise.com/beansquad">https://1851franchise.com/beansquad</a>.

BeanSquad Accounting: Streamlined Bookkeeping Solutions for Franchise Financial Management

1851 Franchise

BeanSquad offers franchisees a comprehensive, diagnostic approach to bookkeeping that moves beyond basic record-keeping to provide in-depth financial analysis and strategic insights.

This brand page has been paid for by BEANSQUAD. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

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