Accounting for franchisors
Expert accounting for franchisors, driving growth with financial reporting, cash flow management, and tailored advice. Trusted by top UK franchises for sustainable success.
Accounting for Franchisors: Building a Scalable, Resilient Model
Franchising can be an attractive growth strategy for entrepreneurs. Growing your business through the franchise model is all about replicating an already successful and proven business model and developing an already highly regarded brand. Trying to franchise a business without watertight systems and processes in place will only escalate flaws and fast track your business towards failure. Making the most of accountants for franchisors can help protect against this.
Working with franchisors to drive sustainable growth
We are the trusted finance team to some of the most respected franchises in the UK, acting for franchisees on behalf of franchisors as well as working with franchisors directly, helping to refine systems and to adapt to an ever-changing business climate.
We often find that managing the accounting for franchisees is a reassuring benefit for franchisors, safe in the knowledge that financial information is delivered within the agreed format with consistency.
Strong finances for franchise success
As much as healthy profits and strong sales are key markers for a franchise, in order to sustain growth, long-term appeal and remain competitive, it’s integral that franchisors are given accurate and detailed financial reporting to truly understand KPIs and make informed decisions.
Our team of accountants offer valued experience, expert advice and insight to franchisors and franchisees in a number of areas including:
Financial reporting and analysis
Accounting for franchisors is critical in financial reporting and analysis. Comprehensive analysis helps to make the seemingly invisible visible by highlighting improvements to operations that increase efficiency and profitability. Without capturing the right information, accurate forecasting becomes impossible, leaving you unsure where to invest your energy.
There are potentially loads of key performance indicators for your franchise. Our accounting services will help you to identify the the key markers to drive top line growth, bottom line savings and manage risk.
Cash flow and credit control
The success of any business is built on strong cash flow. Credit control is all about grabbing the bull by the horns. It’s about being proactive, but also being sensitive to factors that may have caused a delayed payment.
We ensure franchises remain on top of cash flow using industry best technology, building a rapport with suppliers, franchisees and all parties involved.
FAQs Franchise Accountants
What accounting services do you provide for franchisors?
We offer everything you need to keep your franchise operation on track. That includes financial reporting, handling VAT, royalty management, strategic advice, and keeping your books in order so you’ve got accurate, up-to-date numbers you can rely on. We ensure that your franchise system is compliant and financially efficient, allowing you to focus on growing your business.
How can you help manage franchisee royalties?
We’ll set up a system that works for your business and take care of the full process (calculations, invoicing, and reporting), so it’s easy and accurate. That means tracking franchisee sales, calculating royalties based on your agreement, and making sure payments are made on time. You’ll stay in control, without getting bogged down in admin.
What are the specific tax considerations for franchisors?
Franchisors must consider VAT on franchise fees, income tax on profits, and corporation tax for their franchise business. We provide advice on tax planning, help ensure compliance, and assist with minimising your tax liabilities through strategic planning.
Can you help me set up a financial reporting system for my franchise network?
Yes, we can help you establish a financial reporting system that provides insight into the financial health of your entire franchise network. With regular management accounts and consolidated reports, you’ll have clear visibility into performance across locations and be able to make informed decisions.
How much does accounting for franchisors cost?
Our pricing is tailored to the size of your franchise and the support that you need. From ongoing financial management to compliance support, bookkeeping, or year-end accounts, we offer flexible pricing that scales with your franchise’s growth. You’ll always know exactly what you’re paying for and we ensure you get the best value for services that drive your success.
Looking for a franchise accountant? Get in touch today.
If you’re looking to improve the finances of your franchise and grow your network, speak with one of our expert accountants today by calling 0116 255 2422. Alternatively, get in touch by completing the form below, which will go directly to one of our team.