For franchisees and multi-unit owners who report sales, royalties and financial statements to a franchisor, and for emerging franchisors building their own reporting. A monthly close by location, royalty reports that tie to the bank, and taxes handled for every entity. Reviewed by a Florida licensed CPA.
Fixed fees, quoted in writing before any work starts.
Owners who need books in the franchisor's format, royalty reports that reconcile, and a clear view of what the location actually earns.
Several locations, often one company per location, with a profit and loss for each unit and a consolidated view across all of them.
Brands selling their first franchises, with franchise fee and royalty revenue to account for and a franchise disclosure document that will need audited financial statements.
Scoped to your locations and your franchise agreement, and confirmed in writing.
Your chart of accounts mapped to the one in your franchise agreement or operations manual, so required financial statements come straight out of the books.
Sales reported to the franchisor tied to your point-of-sale system and to bank deposits every month, so royalty and marketing fees are right the first time.
A monthly profit and loss for each unit, with labor, food or product cost and occupancy where you can compare them, plus a consolidated view.
Payroll reviewed against the payroll reports and Florida sales tax filed correctly for each location and county.
Financial statements and covenant figures ready when your lender asks, without a scramble at year end.
Returns for each location company and the owners, prepared together so they agree, with franchise fees and startup costs treated correctly.
Initial fees, royalties, ad fund contributions and pre-opening services each have their own accounting. Private franchisors can use a simplified approach for pre-opening services, and we help you apply it.
Franchisees expect their ad fund contributions to be tracked and spent as the agreement says. Clean records protect the relationship and the brand.
Item 21 of the disclosure document requires financial statements audited by an independent CPA firm. We get your books, revenue recognition and schedules ready so that audit goes smoothly.
A franchisee generally recovers the initial franchise fee over 15 years as an intangible asset. Ongoing royalties and marketing fees based on sales are generally deductible as they are paid.
Yes. We map your accounts to the format in your franchise agreement or operations manual, so the reports headquarters requires come directly from the books.
Many multi-unit owners use a separate company for each location to contain liability and satisfy lenders. The legal structure is a decision for you and your attorney. We keep the books for each entity and give you a combined view.
Yes, especially emerging brands. We handle the accounting, franchise fee and royalty revenue recognition, and ad fund records, and prepare the books for the audit your disclosure document requires. The audit itself is performed by an independent CPA firm.
A fixed monthly fee based on the number of locations and entities, transaction volume and the reporting your franchisor requires. It is quoted in writing before any work starts. The quote tool takes about two minutes and gives us what we need to price it.
Tell us how many locations and entities you run and get a fixed fee in writing, or talk it through with Philip first.
