Transforming Your Business Through Expert Franchise Development
Developing Your Accounting Processes
The accounting department plays a crucial role in the success of a franchisor.
Franchise development requires well defined and established accounting processes. Your accounting department is responsible for ensuring the financial health of the business and managing the financial aspects of the franchising system. Your accounting department will ensure financial compliance with state and federal regulations and maintain effective financial controls.
IQ Franchising work with with you to establish the processes and protocols necessary to operate an efficient accounting department. Equally important, through our unifying system approach, franchisees' financial activities are properly disseminated to your team so necessary franchisee activities are known, and proper guidance can be provided.
Accounting Policies & Procedure Manual
IQ Franchising works with you to develop processes and procedures manual that addresses franchisor’s accounting department functions, to include:
Royalty Collection
Franchise Fee Management
Financial Reporting
Tax Compliance
Financial Analysis
Internal Controls
Audit Support
Cash Management
Department Cross-Communication
Our commitment
IQ Franchising is committed to working with you to develop an effective Accounting Department that provides financial guidance, financial management, and operational insight.
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