Franchise Bookkeeping

Franchise business owners have specific financial concerns unique to franchising plus the weight of everyday business accounting tasks. Franchises typically use point-of-sale (POS) and payroll systems their franchisor chooses. You need a franchise accountant that understands these systems and how to use them effectively.

Franchises also have a particular fee structure that requires close management. You must ensure your franchisor gets their portion of royalty and marketing fees on time. There are building costs, supply costs, amortization fees, and other expenses you must keep track of to manage costs and generate a profit. And you must maintain precise accountings of all income and expenses to demonstrate your franchise’s financial health and performance in regular reports to the franchisor.

Most franchise owners are entrepreneurs, not bookkeepers, and they need help with financial reports, balancing funds, accounting software, fees, and all the myriad tasks of franchise bookkeeping. Do what you do best and partner with Healthier Bookkeeping for trustworthy franchise bookkeeping that keeps your business accountable and profitable.