Franchise Accounting for Private Equity and Venture Capital Investment Firms
Private equity and venture capital investment firms have been getting more creative with their portfolios. One area they’ve expanded into is franchises. Buying at the franchisor or franchisee level, scaling up, and selling profitable franchise businesses has all become a part of their investment habits. If you’re a private equity or venture capital investment […]
How to Keep Delivery Services from Taking a Bite Out of Your Bottom Line
Even before the pandemic, the use of delivery services by restaurants were emerging as an important strategy for gaining and maintaining market share. Restaurants in the franchise space were already fast at work assessing delivery service vendors for their businesses. When COVID-19 shuttered dine-in, delivery services became absolutely critical in helping restaurants stay afloat. And […]
What is Franchise Accounting (And Why Your Franchise Business Needs It)
Franchising provides a unique opportunity to successful business owners and burgeoning entrepreneurs alike. For existing small business owners, franchising provides an opportunity to capitalize on their hard work and proven concept. Through franchising, they can bring additional partners who will scale their brand in new markets. For entrepreneurs, franchising allows them a path to […]
Set Yourself Up For Financial Success in 2021
As the chaotic year of 2020 comes to a close, this is the perfect time to take a deeper look at the state of your financials. A better understanding of where your books are now will help you set next year’s business goals and set yourself up for financial success in 2021. Today we’re sharing […]
Overlooked Tax Benefits that Could Save You Money this Tax Season
As a business owner, it’s always important to maximize your ROI and grow your bottom line. But with the pandemic continuing to impact many business’s bottom lines, it’s never been more important to uncover hidden savings. Today we’re sharing three often overlooked tax credits that could save you money and reduce your liability this tax […]
How Effective Warranty Tracking Could Uncover Hidden Savings
Guest Post with Matt Singer, Chief Financial Officer at Ecotrak Effective warranty tracking is underutilized, but offers great opportunities to reduce spend and improve efficiencies. Without warranty realization, work orders are submitted without knowing whether the equipment, service or part is under warranty. This could result in paying for a service visit or part that […]
Benefits of Asset Tracking
Any business that houses equipment that can break or requires maintenance can benefit from facility management software. All assets and their activities are tracked, monitored and reportable in real-time. Smaller companies with a handful of locations, in particular, can leverage the technology to keep operations organized and efficient, ensuring the company is positioned well for […]
3 Tasks to Improve Your Business When You Can’t Fully Open
In this time of continued uncertainty, you might find your business is operating under reduced capacity or even experiencing rolling shutdowns if staff become ill or re-opening orders fluctuate. But just because it isn’t business as usual, doesn’t mean you can’t take action that will benefit your business and your bottom line. Below, we outline […]
Updated PPP Forgiveness Application and Rules
As we’ve shared, the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) provides 100% federally guaranteed loans to small businesses where qualified businesses with fewer than 500 employees can receive 2.5 times one month’s total payroll. If you’ve received a PPP loan, hopefully you’ve been following our tips on tracking your accounts and preparing for loan […]
How Our Team Kept Busy During Our Two Month Shut Down
At OnePoint, we’re taking every precaution to keep our team safe while getting back in the office for our clients. As we begin to embark on ending our mandated work from home period, our team reflects on how they kept busy (and sane) during the two months of shut down. “I’ve found that it’s important […]
