There are a lot of things that work in your franchise model – a recognized brand name, resources from the franchisor, and standard systems and processes for your products and operations. However, they don’t always connect to the finances in your business. Numbers should mean more than reports from the corporate headquarters, the locations in your region, or the page in an operations manual. Numbers should drive your decisions, your business relationship with the franchisor, and your future expansion and profitability.
Accounting for Franchisees
Helping Balance Financial Independence & Franchise Requirements in Your Business
Whether you are a fast food restaurant, a dry cleaner, oil change shop, hotel, or fitness center, franchisees face truly unique concerns with their financial management:
And, above all, staying competitive in a highly competitive market, often competing with your own brand and locations!
Better Understand the Operating Manual
As a franchisee, you’ve been given the operating manual from corporate, but often lack the background or expertise to implement all of the financial tools at your disposal. Our education program and workshops – EWH University – help you better understand financial procedures, reporting, and systems of your franchise, building smooth operations and allowing you to expand and focus on growth.
Your Franchise Was Turnkey, Shouldn’t Accounting Be?
One of the things you appreciated about starting your franchise was how turnkey the opportunity was. No forming a brand, a concept, a product – just sign, startup, buildout, and get selling. At EWH Small Business Accounting we have a proven system for working with franchises as well. During our complimentary consultations, you’ll learn about your financial challenges, franchise systems, and goals for expansion. We’ll review things like your cash flow, fees, reporting requirements, and help you understand how we fit the franchise model, providing turnkey accounting, bookkeeping, and payroll services.
