Process of weekly pay runs, superannuation lodgement and end of year payroll summary.
Benchmarking Solutions for Franchise Groups
The ability to benchmark financial and non-financial KPIs is critical to the effective management of a franchise group and the performance of individual franchisees.
To achieve benchmarking across a franchise group, the franchisor needs accurate financial information from every franchisee, delivered on time and in a consistent format. Our outsourced financial solution ensures the foundations are in place for the franchisor to achieve accurate, powerful benchmark reports.
Accurate, powerful benchmarking across the franchise group
Financial information from every franchise is delivered in a consistent format.
Accurate Financial Data
Financial data is prepared by qualified CPA and CA accountants to ensure accuracy.
Delivered on Time
Financial reports are delivered within five to ten days of the end of the month.
Why Franchisees Need our Management Accounting Solution
Management accounting services deliver up-to-date, accurate financial information, so you can make informed business decisions. Our management accounting service includes (at no extra cost) a monthly meeting with the franchisee to keep your business and finances on track.
Franchisees need to understand their financial information and how their business is performing, to make informed decisions and grow and improve their business. By outsourcing your financial process to our team of franchise accountants, we take the stress out of managing your books, so you can focus on building your business.
Access your financial data from any device, 24 hours a day, 7 days a week.
Focus on building business
Reduce stress – outsource your accounting so you can focus on building your business.
Monitor your business’ position against others in the group.
Easy franchise compliance
Remaining compliant with your reporting obligations made simple.
In-depth financial analysis
In-depth analysis of your business’ performance and future forecasts.
On track finance meetings
Regular meetings to keep your business and finances on track.
Create a Management Accounting Solution that Works for Your Franchise
We recognise that every franchise group is different. So, it makes sense to customise a management accounting solution to suit your franchise group. Select from our services for franchise groups, and we’ll build a tailored solution that suits your business.
Reconciliation and BAS
Process and review of bank reconciliations for all your business accounts, as well as preparation and lodgement of your Business Activity Statement.
End of Month Reports
Monthly management reports featuring Profit and Loss, Balance Sheet and business performance metrics.
Budgets and Forecasting
Establish an annual budget then set long and short-term goals, as well as monthly reporting of actuals to budget.
Using cloud-based tools, we show how your business performs compared to KPIs, profitability and growth targets.
Produce powerful benchmarking reports displaying the business’ performance compared to the industry standards or within a franchise group.
Each month, we meet to review financial reports, flag areas of concern and discuss improvement strategies.
Cloud Software Integration
Specialised support for cloud integration from our team, who is experienced in cloud-based accounting software and certified in most e-commerce, POS and inventory solutions.