1851 Franchise Top Franchise Suppliers Deep Dive: Beansquad

Beansquad provides franchise-focused accounting solutions that ensure seamless financial management for franchisors and franchisees alike. With services that range from core bookkeeping to advisory support, Beansquad’s offerings are designed to relieve the burden of financial management so franchise owners can focus on what they do best — growing their business.

The History of Beansquad

Founded in 2019 by industry veterans Lance Diamond, Mike Greenblatt, Bruce Patz and Henry Uy, Beansquad was created to serve the unique needs of franchise businesses, focusing on scalability and efficiency. Recognizing that the franchise industry requires specialized knowledge and infrastructure, the founders built a team equipped to handle everything from single-unit operations to multi-unit conglomerates. 

Over the years, Beansquad has supported major franchise brands like The UPS Store, Dunkin’, Subway and more, becoming a trusted partner in franchise bookkeeping, compliance and advisory services.

How Beansquad Stands Out

Beansquad has distinguished itself by offering comprehensive, scalable accounting services specifically tailored for franchises. With infrastructure built specifically to support the franchise industry, Beansquad delivers consistent, high-quality support to clients of all sizes. The firm’s exclusive partnerships with ProfitKeeper and Boefly allows it to provide unique financial benchmarking solutions, a powerful tool for franchise owners looking to measure their success and optimize growth.

Each service Beansquad offers — from weekly cash and credit updates to sales tax filing and compliance reporting — is designed with franchisees in mind. The company’s client base is 40% single-unit operators, 40% multi-unit operators and 20% franchisees with five or more units. The company also has a reputation for reliability and scalability, having grown one of its first clients from 28 to 200 units in under two years. 

Services Offered by Beansquad

Beansquad operates on a membership-based model, providing a full suite of accounting services that franchise owners can rely on for accuracy and consistency. Its services include:

• Core Bookkeeping: Weekly updates on cash and credit flows, coupled with transparent reporting, ensure that franchisees have the insights they need to make informed business decisions.
• Sales Tax Management: With over 6,000 sales tax filings annually, Beansquad takes the complexity out of sales tax compliance, allowing clients to focus on growth while staying compliant.
• Franchise Compliance and Reporting: Working closely with franchisors, Beansquad ensures that each franchise location meets corporate compliance standards, providing peace of mind for both franchisees and franchisors.
• KPI Analytics and Consolidated Reporting: Beansquad offers deep insights through benchmarking software, helping franchisees evaluate their performance and improve operational efficiency. Its centralized reporting consolidates data across units, allowing for comprehensive, multi-site performance tracking.
• Advisory Services: Each client receives a dedicated account manager and onboarding specialist, providing personalized guidance and ensuring franchisees feel supported as they grow.

Why Choose Beansquad?

Beansquad’s approach to franchise accounting is both innovative and cost-effective. With simple, straightforward pricing, franchisees can access essential services at an affordable rate: Cash Basis Reconciliation & Management starts at $299 for single-unit operations, while Accrual Basis services begin at $364. Franchisees can expect pricing adjustments as their number of units grows, making Beansquad an ideal choice for those looking to expand.

This structured, efficient model is complemented by Beansquad’s dedicated client portal, personalized account management and top-tier reporting for multi-unit operators. 

Investing in Franchise Financial Health

Beansquad’s franchise-focused services make it a standout choice for those looking to simplify financial management and drive long-term growth. By offering clear reporting, compliance support and expert advisory services, Beansquad empowers franchisees to navigate their financial landscape with confidence.

For franchisors and franchisees ready to take control of their finances and ensure compliance across all units, Beansquad provides a trusted, comprehensive solution. To learn more about how Beansquad can support your franchise journey, visit https://www.beansquad.com/.