Xero makes accounting easy for Franchises
A franchise owner should understand how their business is performing from day one. With many Franchisors now recommending Xero online accounting system, this is easy.
Chris Johnson is CTO of the specialist property photography franchise Red Hot Camera. His franchisees are using Xero, as Chris wants to ensure all the businesses have up to date financial information to hand:
“Xero was built totally with business owners in mind and the system presents what’s important, which is cash flow. The easier a franchisee can see their cash flow position the more successful they will be. And this is what’s important to me too as a Franchisor.”
On why he specifically chose Xero as the accounting solution for his Franchise business Chris explains:
“A key factor in choosing Xero is the online access, because our franchisees are mobile business owners - constantly out visiting customers - and so being able to log in to update and manage their accounts while on the road is perfect. This just isn’t possible with old Windows based installed software.”
Chris had a clear vision in mind for the business support his franchisees needed and he chose Xero to make that happen:
“Red Hot Camera needed an accounting system that provided us an interface to tightly integrate our own systems with. Today this means franchisees enter customer details in our backend and we generate invoices for those customers in Xero automatically. There is no double entry of data which saves our franchisees time and money - something we are very focused on.”
Using Xero means that Red Hot Camera franchisees are getting a powerful admin and accounting engine to run their businesses.
And if you are worried that accounting is complicated and difficult, just read this comment from Paul Wright - a Paw Pals franchisee who has just started using Xero to manage his accounts. This is what Paul said after the first time he used Xero:
“I’ve had a look at the Xero software, imported my Bank statement and done a reconciliation. It looks really impressive. Some of the reports that you can access are fantastic, the sort of thing that is invaluable to help run a profitable business… my first impressions are excellent.”
Paw Pals franchisees are running Xero with Accountants Dennis and Turnbull (who are expert Franchise accountants and Xero partners). While each franchisee is managing their cash flow information, MD of Paw Pals Victoria Reinthal can see how each business is performing and get expert accounting advice at the same time.
About Xero
Xero provides small businesses and their advisers with one, up to date, easy to use, instantly accessible set of accounts and business information.
* You can find out more about why Xero is so good for Franchises here
* You can keep up with Xero news on our blog at http://blog.xero.com/
* Learn more about how Xero can help you http://www.xero.com/features/
* Test drive Xero here www.xero.com.
