Franchise Accounting
Why Franchise Accounting?
Whether your goal is to grow by acquiring new franchises, maximise the profitability of your existing locations, or achieve the highest sale price in a successful exit, the key lies in solid financials. With almost a decade of experience working alongside a multi-unit franchisee of a global restaurant brand, we understand the challenges and complexities involved in operating a successful franchise alongside producing meaningful financial insights.
Your POS system holds a wealth of valuable data, but its built-in reports are often clunky and difficult to use. Data only becomes powerful when it’s presented in a way that’s clear, meaningful, and aligned with your business goals. At Relish, we extract the raw data from your POS and transform it into insightful, easy-to-understand financial reports. These reports don’t just show you how your business is performing—they help you create a strategic roadmap for your future success.
Our Services
Management Accounts and Insights
We provide clear, insightful management accounts for franchisees, at both group and unit levels. By transforming raw data from your POS into meaningful reports, we highlight key performance indicators (KPIs) to help you track performance and make informed decisions for business success.
Bookkeeping
Management information drives sustainable growth, but it’s only valuable with a solid foundation. We handle the essentials—from bookkeeping and purchase ledger management to sales receipt reconciliations—ensuring everything is accounted for and every hard-earned penny is accurately received into your bank account.
Budgets and Forecasting
Successful growth relies on effective planning and forecasting. We help you create detailed annual budgets that align your group vision with unit goals. Using these, we develop profit and cash flow forecasts, providing a clear roadmap to anticipate challenges, make informed decisions, and maximise profitability.
Daily Performance Dashboard
Maximise profitability with our daily performance dashboards, providing real-time insights alongside monthly reports. These updates help you identify issues early, take proactive action, and make informed decisions to drive success and keep operations running smoothly.
Store Transfer Service
Our Store Transfer Service ensures a smooth transition when buying or selling a franchise. We manage all supplier and revenue platform forms, handling the paperwork and processes for a seamless transfer. Trust us to take care of the details, so you can focus on your next steps.
Payroll & Auto-Enrolment
We provide a fully managed payroll service with detailed group and franchise-level reporting, right-to-work checks, contract management, and full compliance with Pension and Auto-Enrolment regulations, giving you peace of mind to focus on growing your business.
Packages
Core
Ensure all you sales receipts are accounted for and your accounts prepared ready for year end submissions and tax returns.
What’s Included:
Dext licence
Bookkeeping
Sales posting from POS system
Sales receipt reconciliation
Bank reconciliations
VAT returns
Financial statements prepared to year end
Insights
Understand how your franchise is performing with Monthly Financial insights plus full Payroll and Auto-Enrolment compliance.
What’s Included:
Everything from Core
Fathom licence
Monthly Management Accounts
Balance Sheet
KPI Tracking
Variance Analysis
Weekly Supplier Payment Runs
Payroll + Auto-Enrolment
Monthly Call to review financials
Grow
Create a strategic plan to drive growth, optimise performance, and set a clear path for sustainable future success.
What’s Included:
Everything from Insights
Annual group and unit level budgets
Group and unit level cashflow forecasts
Perfomance Dashboards
Cost Management
We understand that every business is unique, from its strategic framework to the size of its team. Contact us for a custom quote designed to meet your specific needs.