The True Price of Internal Accounting for a Franchise - Global Shared Services

May 13, 2019

Traditionally, franchise accounting has been handled internally– whether through a part-time employee (in the case of smaller businesses) or through a dedicated internal team (in the case of larger-scale, multi-unit businesses).

Today, though, this is changing. That’s because outsourced accounting services are swiftly outpacing internal options in quality while increasingly beating them on price.

This begs the question: can you afford to hire an internal bookkeeper for your franchise?

Download this guide to find the answer!

You should have access to experts.

Founded in 2003, we’ve worked with large corporations and small-to-medium businesses alike. Here’s what we’ve learned: access to expert financial and accounting services is a major factor in a business’ ability to succeed and scale. We believe that it shouldn’t be restricted by location or company size. Our mission is to empower restaurants with that access.

Learn more

The True Price of Internal Accounting for a Franchise

The way we tackle accounting is changing. Use this worksheet to help determine if your franchise can afford to hire an internal bookkeeper, or if it makes sense to use a service.

Learn How to Pick the Right Outsourced Accounting Firm

There are so many options out there, it can be overwhelming. Use this guide for tech firms to determine the most important traits in your accounting service.

Share this post

Insights

Related Posts

By William Fleming September 22, 2024
From email to social media to traditional advertising, there are many ways to invite current and potential clients to engage with your business. However, your website is your most powerful tool when it comes to developing meaningful relationships and giving people a comprehensive view of your team, offerings, and ways in which you can help enhance their lives or solve problems. GSS took these benefits into account as we recently designed and unveiled our new site . Our intention revolves around a renewed ability to connect with clients, to showcase our competitive edge, reflect the current state of our services , and introduce strategies involved in helping restauranteurs gain an advantage. Based on my experience, I thought I’d share some ideas to consider regarding your restaurant's digital footprint. Intention is Key Along with awareness, business owners should consider what they want to convey through their website. Do you have a unique menu offering? A team of caring employees? High quality of service? Are you perfect for a lunch date or a family dinner after a sporting event? As your business evolves, make sure your website is updated to mirror that progress and build credibility with your customers. Reflecting Growth and Innovation A redesigned or updated site will allow you to showcase new menu offerings, testimonials, or community involvement which highlight your restaurant's evolution. For instance, GSS recently expanded our accounting and business intelligence services to include payroll . It's a move that communicates our commitment to staying ahead in the restaurant accounting sector and is now a significant part of our website. Enhancing User Experience User experience is equal to customer experience when it comes to technology. When someone visits your website, you want to ensure that their digital experience is as pleasant as the service they'll receive inside your restaurant. Paying attention to technological upgrades and trends such as faster load times, more intuitive navigation, and better mobile responsiveness can give you the upper hand in retaining visitors and encouraging engagement. If you offer a mobile ordering app , you'll want to keep a close eye on that experience while also keeping your menu, hours, and other information up to date. Boosting SEO and Visibility HubSpot reminds us that search engines prioritize websites that offer fresh content and up-to-date information. You want potential customers to hang out as long as possible on the site because that will continue to inform search engines that you are worthy of a higher ranking. By updating your website periodically, you can prioritize improving search engine optimization (SEO), a critical component of using the power of Google and other engines to drive traffic and boost sales. Final Thoughts GSS went into the web design process to create a seamless user experience, including streamlining navigation, enhancing content, and providing tools to drive business success. However, as Harvard Business Review says, "Businesses can't improve operations without honest and substantive feedback."
August 29, 2023
Fall is a time for thinking through systems, processes and vendors to strengthen your business through care and continuity.
July 5, 2023
When you run a restaurant, you are in the relationship business. Relationships are the heart of your business. If they cease, pain is felt.
February 24, 2023
Your talent is one of your organization’s largest costs and also your greatest asset. And don’t you want to better recruit and retain talent?

Position your business for success

See how we can help.

Schedule a call
Share by: