Running a franchise brings many advantages, like access to a successful business model with a strong brand, customer base and recognition in the industry. Often you get access to detailed advice from the franchisor regarding the setup, training, planning and day-to-day running of the business. It’s likely that you’ll also get performance indicators to guide you as well. But running a franchise isn’t all smooth sailing. It comes with a few unique challenges and it pays to have an experienced franchise bookkeeper and accountant by your side.
From significant upfront startup fees to ongoing costs like payroll and royalties, it can be challenging to keep up with the financial responsibilities of running a franchise. On top of these financial requirements, there will be sales and other targets to meet as well as requirements to report to the franchisor. It can be daunting, but Counting House Services can help.
We specialise in providing tailored bookkeeping and business consulting services specifically designed for franchisees. Our founder, Michael King, has extensive experience in the Australian Franchise Industry for over 15 years, including 7 years on the Franchise Council of Australia state committee, so it’s safe to say we’ve been given a unique insight into this wide and varied industry. This practical experience has taught us a lot about the inner workings of a franchise, helping us to understand what it really takes to make a franchise successful. We know that many franchises fail because of financial mismanagement and a lack of understanding on how to analyse essential business reports. We’re here to help you change that.
Counting House Services can help with your bookkeeping, payroll, and management reporting. Our team will make sure you’re on track with debt, payroll, cashflow, KPIs, BAS, GST, IAS and more (if you don’t know what some or all of these are then you have come to the right place!). At the end of the day, you bought a franchise to reap the benefits of working for yourself in your chosen field or industry (retailing, services, etc) not do the accounts, we can help take away the headaches that can come with managing the business reporting and we can help you to understand what the numbers actually mean.
Our goal is to take the burden of financial management off your shoulders, allowing you to concentrate on what truly matters – expanding and nurturing your franchise business.
We understand the franchise world inside out, and we know the financial struggles that franchisees face. Here are some of the solutions that we offer to help you overcome these challenges:
Choose Counting House Services as your trusted partner for franchise financial success. Let us take care of your financial management so you can concentrate on growing your franchise business.
Book your free no-obligation consultation and find out how we can help your business!