How to make next year brilliant
Lots of people make New Year's resolutions, but keeping...
While it may be convenient to have an in-house team or person to handle the accounting and administrative roles in a franchise; organization, it is an expensive solution and most likely a risky one as well. We suggest a careful look at the pros and cons. When it comes to restaurant accounting, the outsourcing approach makes more financial and practical sense for most restaurant organizations who are on the smaller size of approximately seven restaurants or less. The following should help the reader better understand the risks and benefits to outsourcing versus performing the task in house.
If you are not seeing the return on your investment by performing the accounting yourself, or if you have an internal team to perform the work, outsourcing may be an option for you. If you have not considered this option, you should speak with an independent professional who can guide you in determining the better option.
Michael Viola is the president and founder of PURE Restaurant Solutions, an accounting firm that exclusively specializes in restaurants. Michael can be reached via e-mail michael@go-pure.com or toll free (844-980-7873).
To learn more about exciting franchise opportunities, visit BeTheBoss.com