ProfitKeeper and the Benefits - CFO Corner 2/2023

ProfitKeeper and the Benefits - CFO Corner 2/2023

Why ProfitKeeper?  

In short, ProfitKeeper Collects Financial Statement Data From Source Accounting Software like Quickbooks and Presents the Data in Dashboard Graphical Views, Analytical Charts, and Franchisee & System-wide Trend Lines.  

These dashboard views are much more than what Quickbooks – or other accounting software - can show.  It gives you, the Franchisee, and the Franchisor a fast look at the health of the business, allowing Franchisees to see how they compare to the overall averages of the Franchise System. 

ProfitKeeper is passionate about providing franchisees with verified and reliable data so we can make assessments about our business. ProfitKeeper removes the burden of collection and consolidation by collecting only completed financials and verified KPIs so that reports, analytics, and benchmarks are accurate. This data is then rolled into a custom dashboard so we can view dashboards, review financials, and more.



Financial Statement Collection



Easy Accounting Software Import

Easy Accounting Software Import

ProfitKeeper integrates with QuickBooks Online and QuickBooks Desktop. You can also easily import a .csv file from any other accounting software.

Create Relevant Comparisons

Create Relevant Comparisons

Benchmarks, trends, scenario analysis, and other analytics are available to show franchisees how they are doing and where they can improve. Unlimited franchise and peer-group analysis are available, including brand level, state, region, revenue, and years in operation. This allows franchisees to compare their performance to their peers.

Identify Opportunities & Trends

Each category and individual account of the financials are displayed to help franchisees understand their trends. Variances in these trends, and against their peers, are easily seen to help identify opportunities to take action and increase profits.

Easy Accounting Software Imports

Additional features

Consolidate & Analyze

ProfitKeeper builds a custom portal for each franchisor to review important system-wide trends and analysis on dashboards, updated from their franchisees reporting. One-click consolidated financial statements save critical reporting time and aid the process of reporting Item 19 in the FDD.

Ensure Accurate Submissions

Ensure Accurate Submissions

Our custom validation capability allows you, the franchisor, to save weeks of time reviewing your franchisees' financials for accuracy and providing feedback. Different flags and levels of validations are created based on your needs, providing flexibility.

Save Time & Money

ProfitKeeper’s cloud-based software is designed to eliminate manual processes and automate collection. Our current franchisor clients will tell you - with ProfitKeeper, countless hours manually collecting and analyzing financials are saved - and reapplied in other areas like coaching and helping franchisees earn more money.


    • Related Articles

    • FIVE Strategic Accounting Tips - CFO Corner 4/2023

      FINANCIAL TIPS by Rob West, CFO, MBA April 1, 2023 FIVE Strategic Accounting Tips As all of you are essentially entrepreneurs, chances are there are things you do really well like hiring good people or developing new product ideas. But, there are ...
    • STRATEGIES FOR EARNING A 20% EBITDA - CFO Corner 9/2023

      To earn a 20% EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in our ice cream business requires focus on several key areas. Here's a step-by-step guide to help achieve that objective: Develop a solid business plan: Write out ...
    • 10 Small-Business Financial Tips for 2021 - CFO Corner 11/2021

      Two businesses. Two smart leadership teams, two motivated staffs, two potential blockbuster products. So why is one growing and the other floundering? Three words: Smart financial planning. Whether you’re a first-time entrepreneur or a business owner ...
    • 10 Financial Tips All Businesses Should Follow - CFO Corner 9/2021

      10 Financial Tips All Businesses Should Follow by Rob West, CFO, MBA Sept 1, 2021 Good and effective management of finances makes the difference between a business that succeeds and one that fails at the very first hurdle. Here are some proven ...
    • 9 Tips for Managing Small Business Finances - CFO Corner 12/2021

      9 Tips for managing small business finances Aggregated by Rob West, CFO, MBA Here are a few things you should do as a small business owner to stay on top of your finances. 1. Pay yourself. If you're running a small business, it can be easy to try and ...