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Franchise Consulting Services
UniFi is the Leading Provide of Consulting Services for Franchises
UniFi prides itself in our ability to offer services that meet the specific needs of its franchisor clients and their franchisees. We know that as franchise brands grow – through adding services or acquiring new brands – their reporting, data collection procedures, and accounting requirements may change.
Our experienced team will create and deliver solutions designed to assist you with these changes, ensuring a smooth transition and maintaining timely reporting across your franchise network.
Whether you have a system-wide change or want to ensure the financial health of your owners, UniFi can help.
How to Gain Financial Health of a Company
At UniFi, we know your franchisees may become overwhelmed with the day-to-day activities of running their franchise. This can become problematic if your owners are not monitoring the financial health of their businesses.
Our financial services team will work with you to create the right package of custom financial health management reports specific to your industry. Custom reports enabled through QuickBooks Online will empower your franchisees to monitor and adjust their business practices as needed.
Financial Health Management
Having timely and up-to-date financial records is vitally important for your owner’s day-to-day operations. During the onboarding setup, UniFi can assist your owners in creating these reports available in QuickBooks Online.
Customer Reports
These help you in determining who your most profitable clients are.
reports include:
- Accounts receivable aging detail
- Collections reports
- Customer balance detail
- Invoices and received payments
- Sales by customer detail
Expense Reports
These help you divide your expenses by category, and give you a snapshot of your business expenses according to each category.
reports include:
- Expenses by supplier summary
- Purchases by product/service detail
- Purchases by supplier detail
- Transaction list by supplier
EMPLOYEE REPORTS
(Available with the Intuit Payroll Service)
These help you determine employee expenditures.
reports include:
- Recent/edited time activities
- Time activities by employee details
- Employee payroll
two types of system-wide changes
The first issue most prevalent in the Franchise industry involves a change to the chart of accounts. Typically, a result of Franchises that acquire different businesses over time and in unrelated industries, which often results in a separate, unrelated COA for each company. UniFi has assisted multiple organizations with the design and deployment of a standardized chart of accounts that can lead to structured reporting and processes to help you make better business decisions.
The second issue is the adoption of a SAAS (Software As A Service) platform like QuickBooks Online. Migrating to QuickBooks Online from QuickBooks desktop or another desktop accounting program requires planning, data verification, and product training. UniFi has successfully migrated hundreds of customers to QuickBooks Online and is uniquely qualified to assist in this challenge.
UniFi
We handle the financial aspects of your business so that you can focus on what you do best.
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