Three Accounting Mistakes That Could Destroy Your Franchise Restaurant | Global Shared Services
Most franchise restaurant owners take pride in their business—and they should. Franchise restaurants can be difficult to run due to thin margins and issues like rising labor costs. Successfully managing these units takes skill and dedication. What most proprietors don’t realize is that they could be sabotaging their own business if they chose to hire a low-budget and […]
Domino’s Franchise Options: Internal Bookkeeper vs. Outsourced Accounting | Global Shared Services
As the owner of a Domino’s franchise restaurant, you have a lot on your plate. There’s the ongoing feud with the other local pizza shop owner, your hopes to acquire two more units in the next year, not to mention the day-to-day running of your current units. You’re busy enough supplying your community with some of the […]
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 enough […]
Why Your Tech Startup Needs Virtual Operations Reporting
Operations reporting is extremely important for a tech startup. These comprehensive reports are essential in providing you with a short-term snapshot of all of the financial details of what’s happening in your company. Among other benefits, they allow you to better plan long-term goals, put out fires before they start, and have a clearer idea […]
What’s Included in Virtual CFO Services?
Using a virtual CFO seems to be the up and coming trend in financial management. The benefits are clear as to why using a virtual CFO can be such a big benefit to your business. They offer you the expertise and skill of a full time Chief Financial Officer without the worries of vacation time, […]
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 […]