What accounting software is a Brain Balance franchisee required to acquire and use?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
- Note 15: You are required to acquire and use an accounting software that meets our standards (currently QuickBooks), which you may either purchase or license on a monthly basis.
In addition, we will require you to use the services of a professional bookkeeper for at least the first six months of operation that must be approved by the Franchisor.
In our discretion, we can continue to require you to use a professional bookkeeping service.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–30)
What This Means (2025 FDD)
According to the 2025 Brain Balance Franchise Disclosure Document, franchisees are required to acquire and use accounting software that meets Brain Balance's standards. Currently, the approved software is QuickBooks. Franchisees have the option to either purchase the software or license it on a monthly basis.
In addition to the accounting software requirement, Brain Balance mandates that franchisees utilize the services of a professional bookkeeper for at least the first six months of operation. This bookkeeper must be approved by Brain Balance. The FDD indicates that Brain Balance retains the discretion to continue requiring the franchisee to use a professional bookkeeping service beyond the initial six-month period.
Franchisees should factor in the costs associated with QuickBooks and a professional bookkeeper when assessing their initial investment and ongoing operational expenses. It is important to confirm whether there are any specific QuickBooks versions or configurations that Brain Balance requires and to understand the criteria for bookkeeper approval. This ensures compliance with Brain Balance's standards and helps in maintaining accurate financial records from the outset.