Published March 21, 2017
Volume 1, Number 3
Franklin Management is a One-Stop Accounting Department
By Tina Hansen
As every small business or start-up owner knows, time is precious, and there are a multitude of pressures and distractions that can take away valuable time from growing your core business. They also know that their business needs an accountant and dealing with accounting issues can be a time drain they cannot afford.
Building the right and the most cost-effective team takes time so, for many businesses, outsourcing is the strategic and business decision that makes the most sense. Franklin Management, located in Pleasanton, has been helping businesses grow and succeed in this way for more than 15 years. Franklin Management provides outsourced accounting solutions to small businesses, start-ups, and non-profits with a variety of services.
“Our business began as a part-time CFO service in 2002 in Boston with tax preparation and tax consulting added soon after. In 2004 a Bay Area location was opened, and back office services were added to the part-time CFO service to create a full-service accounting offering for small businesses,” said Jack Harrington, Franklin Management principal.
Franklin Management’s goal is to be their client’s accounting department. The services they provide includes outsourced accounting services, bookkeeping, financial statement preparation, budgeting, and CFO services, as well as tax preparation, tax consulting to individuals and small businesses. Their tax preparation and tax consulting services are geared toward individuals and small businesses.
Outsourcing accounting services can be the best option for a business because of the costs versus benefit breakdown makes the most financial sense. The primary advantage for a business to outsource their accounting needs is the bottom line as they are not paying an employee’ salary, medical or dental benefits or perks. By outsourcing accounting work, the business is only paying for the time it takes to do the specific tasks needed. When a company outsources, it also does not need to invest in the equipment or software necessary to do that particular job.
The benefit of this approach is that a company can bring in someone with a very specific skill set to take on a particular task. Once that task is accomplished, they may not need those particular skills for several months, so it makes sense to hire the specialist only for the duration of the project.
The most important benefits of outsourcing are quality and knowledge. Franklin Management has a staff with more than 20 years of accounting experience and for a small business or start-up with financial constraints, outsourcing is a perfect solution.
Franklin Management provides its clients with a high level of services and knowledge base that most small businesses require. For more information, please visit their website www.franklinmgmt.com.
Published March 21, 2017