Having been in the accounting industry with both public and private experience and a Franchisor, AltoCFO has developed a cost-effective package to provide timely financial insight and accurate accounting for both the Franchisor and Franchisee.
Franchise accounting is the tracking, review and process to provide proper accounting to both franchises and franchisors. It is customized to the unique practices of the franchise industry such as certain fees associated with franchises, like royalty, amortizing startup fees, technology, and marketing expenses.
Franchisees can get started with accounting on their own, but hiring a professional advisory accountant who is a Franchisor is an excellent reason to do so. Not only do we understand the business of franchising, but our decades of experience and team has developed an Accounting subscription that can handle multi-units or individual franchises on an extremely cost effective subscription basis.