Assessing Delivery Services for Your Business

In today’s digital economy, convenience is king. The shuttering of department stores across the nation have signaled the preference of consumers to shop for and enjoy goods from the comfort of their own homes. Same day grocery delivery, two-day Amazon shipping, or even automated delivery of recurring commodity items like toilet paper or dog food demonstrate that consumers are hungry …

How to Encourage More Women to Franchise Their Business

More women are entering franchising than ever before. In fact, between 2011 and 2017, female franchise ownership jumped 83 percent. But while many more women are purchasing franchise units (and at a rate faster than men, no less), there is still a gap between male and female franchisor ownership. The International Franchise Association’s (IFA) Educational Foundation Director of Research, Kathryn …

How to Catch Theft with Your Cash Over and Short Account

Do you know all the stories your accounting data can tell? At OnePoint, we’ve seen first-hand how consistent accounting processes can assist our franchise owners with forecasting, identifying trends and even enable you to catch theft. Today we sit down with OnePoint’s Manager of Accounting, Regina Leong, and Senior Accountant, Bernadette Gonzalez to discuss all the valuable information lurking in …

Why Franchising is Attracting More Female Owners

By Diana Mead Women are owning more franchises today than ever before and the growth of female ownership is only accelerating. Between 2011 and 2017, female franchise ownership jumped by 83 percent, while male ownership only increased 13 percent, according to FranNet. While women hold only 20 percent of board seats at Fortune 500 companies and only 5 percent of …

How to make Your Accounting Data Actionable

By Laura Wright Big data has been all the buzz in the business world for more than 5 years. But how are organizations using that data to make better decisions and drive profitability? According to Forrester, 74% of businesses want to be “data-driven” but only 29% are actually successful at connecting analytics to action. The good news is, making your …

The Rub on Chicken Wings

In recent months, purveyors of chicken products have noted a steep rise in the cost of chicken. In particular, chicken wings. It is tempting to revisit Economics 101 and simply postulate that either the supply must be dwindling or the demand increasing. While this is true in some respect, a more complete answer to the mystery of hot wing pricing …

Fast-Casual Fever

It is undeniable that fast-casual restaurants have gained massive popularity in recent years. Eateries like Chipotle, Jimmy Johns, or Panera are becoming the lunchtime preference for people of all types. If my own preferences are anything like that of the general public, I assume this is because fast-causal restaurants are the happy medium we all look for. The words “fast-food” …

Period vs. Monthly Accounting

We are often asked if we recommend monthly or period reporting to our clients. Both approaches have merits and shortcomings, and we want to simplify the decision as much as possible. Below we have focused on the major and important drivers. The simple answer to this question is that if your business’ revenue varies greatly by the day of the …