As a franchise owner, having reliable and accurate bookkeeping has the power to make your business more successful. Your businesses’ financial information portrays how your business is performing, where it is weak and where you should be investing your energy. In addition, in order to maximize revenue and profits, it is vital that you have timely updated financial statements or you will likely be losing money in areas you could have avoided.
As Winmark’s preferred bookkeeping provider, we are continually surprised at how many franchisees are months behind with their profit and loss and balance sheets. Even more startling is that by the time they do get around to completing these, there often isn’t anything that can be done to affect the results.
Best in class Franchisees see bookkeeping and financials as an investment in information that will make them money.
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For more information, contact Mike Duscher from our Franchisee Accounting team at email@example.com.