Why Consider Managing an Accounting Franchise in 2025

As we are in the middle of January, the first month of 2025, many accounting practitioners are looking for new opportunities to grow their practice. This includes accountants who are employed under companies who might be considering to branch out or fly solo on their own. There are also accounting practitioners who are currently flying solo that are looking for a more stable environment such as employment within a company.

As with these scenarios mentioned before, all are valid and have their equal merits and set of risks as Accountants need to think and weight what they think will be the best for them in the coming months and the next set of years.

Another option is owning an Accounting Firm as part of a recognizable franchise name where they can basically operate a tried, tested and pre-built accounting firm that is already established to get up and running.

Here are the advantages of why accountants should consider running and managing an accounting firm under a franchise this year.

Reason #1 Built with Support and Procedures

Unlike when you have to start your own firm. Accounting franchises are already established that comes with procedures, tools, platforms and knowledgebase to help you get started quickly and intake clients in the shortest amount of time after setup, compared to starting a firm from scratch.

Reason #2 Guidance and Resources

Accounting Franchises that are open for franchise comes with their own set of knowledgebase in the form of guidance from the proprietors of the brand name and the many resources under their belt — which are given as tools and “know how’s” to new franchisees.

Reason #3 Technology Intake

Technology plays a big part in today’s accounting firms and franchise ones are of no exemption. By signing up as a franchisee, the brand also gives you access to their set of harmonised technologies from accounting platform software services, to dashboards and Client Relations Management (CRM) systems for you to use and make efficient your day to day operations.

Starting your own accounting firm through managing a branded accounting franchise has its own advantages and disadvantages. At the end of the day, these things are done with much strategic planning and discussion with the proprietary brand before you commit.

NOAC Consultants is a trusted accounting services firm that services clients in Brunswick and Melbourne VIC. Currently, NOAC Consultants is open for franchising in Melbourne and offers a comprehensive support platform for franchisees.