Unify franchise data.
Unlock world class support.
Maximize franchisee profits.
Bookkeeping to standardize your franchisees' data. Software to provide the insights needed to grow their profits, and your brand.
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Supercharged Franchisee Coaching
Without a full picture of your franchisees' business, you miss critical insights that can drastically impact profitability. Krokit tells you which franchisees need support, and in what areas.
Community Insights
Standardized data allows franchisees to establish a true baseline for revenue and all their expenses, enabling them to make far more informed financial decisions, while giving you performance metrics in an apples-to-apples format.
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A Partner for Your Franchisees
We take care of everything bookkeeping and tax related for your franchisees, including setting up Quickbooks, weekly expense categorization, monthly reconciliation, and more! Let us handle the tedious work so they can run their business!
Pre-Opening Support
Franchisees get free bookkeeping from their first expense until they open, ensuring the foundation for a strong business is set, and so you have an accurate item 7.
Automated Back-Office
Our platform provides automated financial reporting from your franchisees, 1-click item 19 + item 7 FDD updates, royalty facilitation and calculation, and more, enabling you to scale efficiently as a franchisor.
Ready to upgrade?
It's 2024. Fragmented bookkeeping and manual financial collection is a lose-lose for you and all your franchisees. Elevate your entire system with Krokit.
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FAQs
Franchisees, especially first time franchise owners, are relying on you to have the systems and processes figured out for them. Krokit is a true partner who takes 100% of the workload off your franchisees when it comes to bookkeeping and tax filing. We set up their chart of accounts, provide free bookkeeping from their first business expense until they open, and do the monthly maintenance and reconciliation. Meanwhile, our intutive simple software tells them how much money they are earning or losing, while providing insights driven from their fellow franchisees!
Your data on Krokit is extremely secure. We implement rigorous privacy settings (such as 2-Factor authentication) on our database, which is SOC II compliant. Our software is audited 24/7 via security technology to ensure that your financial data is protected.
Yes, Krokit provides comprehensive tax services as part of our additional offerings, ensuring your franchisees can manage all their financial needs under one roof.
We close franchisees' books within a week after the month ends, while achieving 100% transaction categorization every week. Our technology helps automate many accounting processes, and our software remains as up-to-date as possible so that you and your franchisees can access real-time data.
We're a team of franchise, technology, and bookkeeping experts, and are building our software and accounting solutions tailored directly to the needs of you and your franchisees. Without standardized financial data, there is no way to provide comphrensive support to your franchisees at scale. By closely collaborating with us, your franchise will operate far more efficiently, and unlock the insights that drive better franchisor support, and ultimately more profitable franchisees.