management ACCOUNTING for THE franchise industry
Consolid8 has provided an outsourced financial solution to Franchisors and Franchisees for over a decade. We understand the intricacies of accounting for franchise groups. Our customisable solutions relieve franchisees from the stress of managing their books and enables franchisors to generate benchmark reports.
I'm a Franchisor
I'm a Franchisee
Consolid8's benchmarking solution 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. Consolid8's outsourced financial solution ensures the foundations are in place for the Franchisor to achieve accurate, powerful benchmark reports.
Consistent Reports
Financial information from every Franchise is delivered in a consistent format.
Accurate Financial Data
Financial data is prepared by qualified CPA and CA accountants ensuring accuracy.
Delivered on TIme
Financial reports are delivered within 5 to 10 days from the end of the month.
Accurate, powerful benchmarking across the franchise group
Why franchisees need our management accounting solution
Management accounting is having up-to-date, accurate financial information so you can make informed business decisions. Consolid8's management accounting service includes (at no extra cost) a monthly meeting with the franchisee to keep your business and finances on track.
Franchisees who don't understand their financial information and how their business is performing are like people riding bicycles looking backwards - it's possible to go forward for awhile, but in the end they're likely to fall off. Outsource 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.
Cloud-Based Technology
Access your financial data from any device, 24 hours a day, 7 days a week.
Focus on Building Business
Reduce stress, outsource your accounting, focus on building your business.
Powerful Benchmarking
Monitor your business’ position against others in the group.
Easy Franchise Compliance
Remaining compliant with your reporting obligations is 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 every franchise group is different. Consolid8 prefers to customise our management accounting solution to suit your franchise group. We build a solution that suits your business.
Payroll
We process weekly pay runs, superannuation lodgement and end of year payroll summary.
Reconciliation and BAS
We process and review bank reconciliations for all your business accounts and prepare and lodge Business Activity Statement.
End of Month Reports
We deliver monthly management reports featuring P&L, Balance Sheet and business performance metrics.
Budgets and Forecasting
We establish an annual budget then set long and short term goals. Each month we report actuals to budget.
Financial Analysis
Using cloud based tools we show how your business performs compared to KPIs, profitability and growth targets.
Benchmarking
We produce powerful benchmarking reports showing your business’ performance compared to the industry standards or within a franchise group.
Monthly Meetings
Each month we meet to review financial reports, flag areas of concern and discuss improvement strategies.
Cloud Software Integration
We are experts in cloud based accounting software and certified in most eCommerce, POS and inventory solutions.
