As franchise accountants we see a variety of software packages used by franchisees. The two distinct types of package are online and offline.
Online accounting packages
There are now a number of cloud-based accounting packages available. These allow franchisees real-time access to their data, anywhere in the world. Specifically, companies such as Xero and Azura have developed franchise accounting packages that can be used by franchise networks.Offline accounting packages
If a software system is required by a franchisor, it is often still an offline package. The most commonly used small business packages are Sage and Quickbooks. These systems rely on the user working on the PC that the software was installed on.Which package should I use? See it here.
