Is Restaurant365 Right for Me? | Global Shared Services
There’s a good deal of excitement in the restaurant market around the Restaurant365 solution. Positioned as the most comprehensive back office software for restaurants, it’s generated a considerable amount of press – from coverage in Restaurant News to startup journals like Built in LA. With the hype, though, comes an accompanying level of obscurity. The idea of an […]
Challenges to Accounting for Enterprise Franchise Restaurant Businesses | Global Shared Services
For franchise restaurant businesses to succeed, it’s imperative to develop efficiency in processes. There is no 150+ location business that hasn’t streamlined its systems toward that end. Growth in the franchise model demands it. While economies of scale may not be easy to find in the franchise model, the processes are replicable; once margin is established, […]
What to Look for in a Great Outsourced Accountant for your Tech Company | Global Shared Services
When you’re looking for an outsourced accountant, it can be hard to know where to start. What makes one accountant better than another? How do you compare quality and your budget? What decisions can you make to get the most bang for your buck? Every outsourced accountant is different. Sometimes it’s just one person who […]
In | House vs. Outsourced Accounting for Taco Bell | Global Shared Services
As the owner of a Taco Bell franchise, your days are already filled with management decisions, going through sales data, and staying on top of your financial reports. There’s very little time to handle the issues that pop up throughout the day – let alone become the entire accounting department for your restaurant. Taco Bell […]
Your Checklist to a Successful Business Audit | Global Shared Services
When you get the news that your business is undergoing an audit, it’s easy to quickly become overwhelmed with everything that needs to be done. Records need to be compiled, employees need to be prepped, and you need to exude confidence even if you’re worried about the audit’s outcome. If you run a small […]
Why Tech Startups Fail | Global Shared Services
90% of startups fail. It’s a hard statistic to swallow, especially when you’re on track to accomplish your dream of running your own tech startup. But before you convince yourself you’ll be in the 10% that make it, it’s important to take the time to understand why most startups fail and how you can avoid making […]
The Hidden Benefits of Outsourced Accounting | Global Shared Services
Outsourced finance and accounting services have a number of upfront benefits: efficiency and cost savings spring quickly to mind. But there are a number of other benefits, too, that are less obvious but just as valuable. To fully evaluate the viability of outsourced accounting services for franchise restaurants, it’s important to take these into account. With […]
Why Franchise Restaurants Should Outsource Expense and Loan Accounting Validation | Global Shared Services
Tracking business expenses and loans is more important than what most franchise restaurant owners think. Having to track your business expenses and loans is not an exciting activity. After all, it takes your focus away from your main role—looking after the restaurant operations. However, you also don’t want to run around in panic, trying to […]
What is it like working with an outsourced accounting firm? | Global Shared Services
There’s comfort in what we know. That’s true across many aspects of life, and it’s true across many aspects of business, too. In an accounting context, what many mid-sized businesses know is the process of working with an in-house accounting solution. An in-house solution might not be incredibly efficient, but it’s almost certainly comfortingly familiar. […]
Terms You Need to Know for Franchise Accounting | Global Shared Services
When you first start out with your own restaurant franchise, everything can seem to move too fast and easily become overwhelming. Running your own business can be tough. Managing employees, leadership, complying with franchisor regulations, and running the behind-the-scenes of everyday restaurant ownership can be a lot. Don’t let franchise accounting add to your stress. Accounting for […]