CASE STUDIES
Background
This scenario can be applied to any franchise, where the franchisee is responsible for operational accounting and the franchise does not have an operational accounting model to implement or provide training on. Franchisees can face extreme levels of stress with contractual obligations to pay franchise fees, employees, and other suppliers on time. Cost Management by franchisee is critical business operation management. Some examples: Child learning center, real-estate agents, restaurants, coffee shops etc.
Our Guidance
A360 Plan:
Client-focused intake
Cost management required
Timely and accurate sales reporting
Inventory count
Cash-flow requirements
Supplier recordkeeping
Customer recordkeeping
Timely accounting to comply with required franchise and governmental obligations
A360 Evaluation:
Priority task list
Internal control and process evaluation
Accuracy and credibility of tools being utilized
Inventory management
Operating cash flow evaluation
Accounts payable monitoring
Accounts receivable monitoring
Expected result reporting timelines
A360 Valued Service:
Accurate revenue recognition process
Accurate payroll process
Accurate and customized cost management process
Transparent recordkeeping process
Cash flow reporting
Critical mistake evaluations
Monthly progress reports
A reputable franchise operation.
