Financial Systems Health Assessment 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 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 Δ Connect with Top 2 Bottom Boost your feed with small business, bookkeeping, and payroll tips!
