Accounting for retail and franchise
Retail is increasingly competitive, and franchisees are accountable to both their customers and their franchisor. With rising rent and labour costs, accurate and well-kept books are essential.
Common challenges we solve
Inventory that doesn't match the books
Shrinkage, returns and supplier credits can distort your cost of goods sold. We reconcile inventory so your reported margins are accurate.
Franchisor reporting
Royalty and ad-fund calculations and monthly sales reports, prepared accurately and sent on time.
Thin margins
Monthly reporting by location or category, so you can see which products and shifts are profitable.
Frequently asked questions
Do I need separate books for each location?
No. We track each location as its own class or tracking category in QuickBooks Online or Xero, so you get one set of books with a profit report for every location.
Can you work with my franchisor's reporting format?
Yes. Send us the template your franchise agreement requires and we'll prepare your monthly reports to match it.
Free consultation, no obligation