BeanSquad: Revolutionizing Financial Management for Franchisees

For franchisees, navigating financial complexities can be a challenge. With multi-unit operations and corporate compliance requirements, maintaining accurate and strategic bookkeeping is essential for success. Enter BeanSquad — a specialized bookkeeping and financial advisory partner that has transformed the way franchise operators manage their finances.

Corey Chappel, franchise partner at The UPS Store and FC Franchise Management, knows firsthand the difference a dedicated bookkeeping partner can make.

“When we expanded from one to three stores, the financial management became overwhelming,” said Chappel. “My business partner had previously managed the accounting, but as we scaled, the books were cluttered and we needed a better solution.”

After discovering BeanSquad on LinkedIn, Chappel reached out to explore their services. “What stood out immediately was their understanding of The UPS Store model,” he said. “They knew exactly what corporate required from franchisees, which eliminated the need for constant explanations. That’s one of the best parts — they take the time to understand the business and its unique financial landscape.”

For Chappel, the results were transformative. With BeanSquad’s expertise, his team streamlined operations, overhauled their payroll system and even formed a management company to reduce costs. “In just three years, we’ve grown our newly acquired stores from $350,000 in revenue to nearly $1 million,” he said. “BeanSquad has played a crucial role in that growth.”

Chappel goes on to highlight BeanSquad’s responsiveness and efficiency. “When we faced an audit last year, Mike and his team redid all my cash accounting sheets in just a few hours,” he said. “Their QuickBooks skills are top-notch — they know exactly where to find everything. I’m not easily impressed, but they exceeded my expectations.”

BeanSquad’s ability to provide franchise-specific bookkeeping solutions is a key differentiator. “Franchise accounting is unique,” said Mike Greenblatt, senior vice president of strategic business development at BeanSquad. “From verified charts of accounts to corporate compliance, we ensure franchisees’ books are not just accurate but aligned with their franchisor’s requirements.”

Greenblatt emphasizes that BeanSquad’s services extend beyond tactical bookkeeping. “We combine hands-on support with high-level strategic advisory, helping franchisees optimize profitability and uncover opportunities for growth,” he said. “Whether it’s analyzing profit margins or preparing for audits, we provide the clarity and insights they need.”

For UPS Store franchisees, the value of BeanSquad’s services is clear. Chappel strongly advocates for their approach, stating, “In my opinion, BeanSquad should be the approved bookkeeping vendor for The UPS Store. They handle corporate requirements with ease and offer new franchisees the support they need to manage cash flow and stay compliant.”

For franchisees juggling day-to-day operations and financial management, BeanSquad offers a powerful solution. With services like core bookkeeping, sales tax management and advanced KPI analytics, BeanSquad empowers franchisees to focus on growing their businesses without getting bogged down by financial complexities.

As Chappel succinctly puts it, “A UPS Store owner has too much to focus on already. BeanSquad’s speed, accuracy, and expertise make it a no-brainer.” Whether you’re a single-unit operator or managing multiple locations, BeanSquad’s tailored services are designed to help franchisees thrive.