Last Updated on July 22, 2012 by DeanR
Bookkeeping Express Franchise
Bookkeeping Express is a franchise for outsourced book keeping company. It was founded in 1984. With the help of Greg Jones, Merritt Green, and Bob Stocker, they purchased the company and started franchising in 2008.
To date, they are the only outsourced bookkeeping that offers national franchise. Since they focused on giving certified booking services to franchisees in 2008, they now have locations in 18 states and covers over 136 territories. They now have 150 locations and are open and licensed to franchise in 41 states. They have 400 new territories open in the United States and in Canada. The current Vice President of Training and franchise Development is Lauren McKenna. Their concept addresses the needs of business owners to focus on the business itself than bookkeeping, tracking transactions, inventory, reports for tax, and payroll. They have certified bookkeepers to do this job for them so that they can spend more time attending to more important thing like handling their employees and attending to their customers’ needs.
What services do they offer at Bookkeeping Express?
They process and manage accounts payable and accounts receivable, monthly data entry, setting up chart of accounts and general ledger, deposit verifications, bills payments, analysis and dashboards, monthly financial reports and statements, tax reporting, bank reconciliations, and payroll. They also offer a portfolio of solutions in sales and revenue, general accounting, procurements and disbursements, inventory, and fixed assets. Benefits of hiring such service is having accurate financial statements, working with experts, reducing business risks, you get to avoid losses from theft and fraud, improve focus on business, free key employees, tax reporting, and merchandise inventory. Their team are consisted with CPA’s and finance professionals and they will double checking the reports to make sure that it’s accurate. The team work in such a way that the books are accurate, clean, and organized. The pricing is on a flat charge per month. If you have slow months, the time saved can be used on other months that need more work.
Costs and Requirements Associated with Running a Bookkeeping Express Franchise
You need to have a net worth of $250,000 and a total liquid asset of at least $100,000. Expect to be investing $34,000 to $49,000. Franchise fee is $30,000 with an on-going royalty fee of 6%. For financing, you can use your 401(k) retirement funds. This is for a renewable 10 year term agreement. This business can be run from home and they also allow absentee ownership.
What’s included in the franchise package?
There will be training for 3 days at the headquarters. You will also be receiving newsletters, attend meetings, a toll-free phone number, internet, security and safety procedures and expect occasional field evaluations to check on your progress. For marketing, there will be ad slicks, regional advertising, and national media. They also have a full marketing program.
Contact Details
You May Reach Them At:
Address: 6862 Elm St., #830 McLean, Virginia 22101
Phone: (703)766-5757