Quiz For Franchisors
Name
(Required)
Email
(Required)
Company
(Required)
Do you have a standard chart of accounts that is mandatory for all franchisees to use?
(Required)
Yes
No
Do you have an accounting software (like QBO) that all franchisees must use, and does it integrate with your POS/operational systems?
(Required)
Yes
No
Do you have a required accounting standard/method (e.g., accrual vs. cash) that franchisees must use?
(Required)
Yes
No
Do you provide training on how to do accounting during the onboarding process for new franchisees?
(Required)
Yes
No
Do you require standard financial reporting to be submitted to you on a monthly basis?
(Required)
Yes
No
Do you provide ongoing support in review and actionable steps based on financials at least monthly? (One on one or in a group setting?)
(Required)
Yes
No
Do you provide a system-wide benchmark report (e.g., average COGS, labor cost) to franchisees so they can compare their results?
(Required)
Yes
No
Do you provide Unit-Level Economic (ULE) KPIs to your franchisees?
(Required)
Yes
No
Do you have specific actions a franchisee should take based on a key KPI being out of tolerance?
(Required)
Yes
No
Do you have a process for auditing or verifying the accuracy of the financial reports submitted by franchisees?
(Required)
Yes
No
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