In the bustling arena of franchise business, financial reporting can often become the bane of an enthusiastic entrepreneur’s existence. Enter Ledge Accounting, with CEO Ryland Beard at the helm, steering small business franchise owners away from the tedious intricacies of accounting, and back towards their passion: growing their business.
Ryland Beard’s mission is clear: he wants to rid business owners of the accounting headaches that all too often stymie their progress. He understands the unique challenges that franchisees face, trapped between managing their books themselves, hiring a bookkeeper with potentially limited expertise, or employing a CPA who might not grasp the nuances of franchise operations. Ledge Accounting provides a bespoke solution to these woes, ensuring that small business owners can focus on what they do best.
Indeed, a survey by SCORE reveals that 40% of business owners harbor an active disdain for bookkeeping and taxes. Ledge Accounting steps into this breach, offering a flat monthly fee service with no long-term contracts, addressing the specific needs of nearly 400 franchisee clients across various sectors, from fitness and restaurants to home services.
Beard’s firm manages weekly bookkeeping, ensuring that franchise owners aren’t bogged down by the minutiae of maintaining their financial records. They provide monthly financial reporting, offering clear insights and analytics to drive business growth. And they handle the filing of state and federal tax returns, a crucial service in an era of ever-evolving tax codes.
Clients attest to the tangible benefits of Ledge Accounting’s services, citing time savings and a positive impact on their bottom line. Beard himself estimates that his firm’s services can lead to a 7% to 25% increase in profit margins, owing to better-informed decisions on labor, materials, and inventory.
Moreover, accurate and timely financial reporting is crucial in maintaining a healthy relationship with franchisors, many of whom require regular financial disclosures from their franchisees. Errors in these reports can lead to conflicts, or even jeopardize franchise agreements. Ledge Accounting mitigates these risks, ensuring that franchisees can operate with confidence.
At a cost of just under $400 per month, Ledge Accounting’s comprehensive suite of services represents a cost-effective solution for business owners. The firm’s tailored approach ensures that each client receives personalized financial advice and reporting, suited to their unique business needs.
The company’s commitment to rapid response times, accuracy, timeliness, and tailored financial solutions sets them apart in a crowded marketplace. Beard’s team prides themselves on their swift response times, precision in calculations and reporting, and the delivery of financial reports by the 7th of every month.
Without the burden of long-term contracts, Ledge Accounting relies on the quality of their services and the satisfaction of their clients to drive referrals and sustain their growth. Beard notes that the firm’s growth has been entirely organic, fueled by word-of-mouth referrals from satisfied clients.
While the firm primarily serves franchisees, Beard notes that franchisors also appreciate the clean, accurate financials that Ledge Accounting provides for their franchisee clients. This dual trust underscores the firm’s value in the franchise business ecosystem.
In a landscape cluttered with accounting firms, Ledge Accounting stands out, not just for their growth and the comprehensive nature of their services, but for the tangible difference they make in the lives of their clients. Beyond the balance sheets and income statements, Ledge Accounting’s story is one of dedication, vision, and an unwavering commitment to empowering business owners to focus on their passions, secure in the knowledge that their accounting needs are in expert hands.
For further details and to explore how Ledge Accounting can benefit your franchise business, visit their official website at www.ledgeaccounting.com. To connect with Ryland Beard directly, check out www.rylandbeard.com. The revolution in franchise accounting is here, and its name is Ledge Accounting.
