History

When Greg Nielsen purchased a Cousins Subs franchise in 1999, he already had several years of experience as a CPA behind him.  Armed with his accounting background, Greg was well-prepared for the financial management demands that come with franchise ownership. But he was surprised to find that his franchisor had no standardized process for franchisees to prepare and deliver the critical monthly financial reports.  After some research, Greg quickly discovered that this same issue plagued most franchise organizations, leaving millions of franchisees on their own to figure out how to report, track, compare and analyze financial data -- all crucial to managing profitability.

Greg knew that a user-friendly, system-wide accounting solution that was developed just for franchise organizations could fill a huge gap in the industry. And as a CPA and franchise owner, he was the perfect person to create it.  Thus, in 1999 ProfitKeeper was born.

As the only financial solution created exclusively for the franchise community, ProfitKeeper is uniquely able to address the needs of both franchisors and franchisees -- and remove many of the pain points and obstacles that limit success. Today, franchisees across the country rely on the robust web-based accounting tool and additional business services from ProfitKeeper including bookkeeping, payroll, POS integration and tax preparation, to help them maximize their profitability.  And franchisors can evaluate real-time reports and aggregated franchisee data to establish benchmarking statistics, identify trouble spots, and implement best practices system-wide.