Accounting for Franchisees

Helping Balance Financial Independence & Franchise Requirements in Your Business

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.

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:

  • Leveraging systems and resources of the franchisor
  • Integrating with corporate accounting, financial, chart of accounts, and POS systems
  • Training employees in rigorous processes and procedures to work in a turn key operation built for success
  • Balancing sales and profitability with franchise fees
  • Managing finances across multiple locations, replicating your success
  • Reporting to the franchisor with ease and accuracy

And, above all, staying competitive in a highly competitive market, often competing with your own brand and locations!

Keith Novotny
Owner of Cousin’s Sub (West Bend, WI)

“I love the friendliness of the staff at EWH. They are very proficient; always answering my questions without hesitation and making me feel comfortable with the questions I ask. That’s important to me because navigating the financial end of my business can be challenging for any small business owner. EWH makes it convenient and there is less homework on my part now. I’m really glad I made the switch to a local accounting service.”

Keith Novotny
Owner of Cousin’s Sub (West Bend, WI)

“When I switched accountants 4 years ago, EWH freed my time up because some of the things I was doing before they take care of now. EWH makes it convenient and there is less homework on my part now. I’m really glad I made the switch to a local accounting service.”

Keith Novotny
Owner of Cousin’s Sub (West Bend, WI)

“I love the friendliness of the staff at EWH. They are very proficient; always answering my questions without hesitation and making me feel comfortable with the questions I ask. That’s important to me because navigating the financial end of my business can be challenging for any small business owner. EWH makes it convenient and there is less homework on my part now. I’m really glad I made the switch to a local accounting service.”

Keith Novotny
Owner of Cousin’s Sub (West Bend, WI)

“When I switched accountants 4 years ago, EWH freed my time up because some of the things I was doing before they take care of now. EWH makes it convenient and there is less homework on my part now. I’m really glad I made the switch to a local accounting service.”

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.

Contact one of our four locations in Waukesha, Madison, Onalaska or West Bend to schedule your Complimentary Accounting and Bookkeeping Consultation Today.