Your Guide to Everything in Franchising

Financial Controls

Posted by Francorp Middle East on Sep 24, 2017 2:32:10 PM

Good financial controls are essential to any operating system. Small companies that do their own bookkeeping or accounting should incorporate accounting categories that allow both you and your franchisees to monitor accounting and performance data on a "real-time" basis.

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Hardware and software for this purpose are available and affordable. Through these systems, you can obtain up-to-the-moment register readings, number of employees on duty, product mix, customer accounts, payroll, crew hours and other relevant information important to the operation and management of the business.

 

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Topics: Franchise Your Business

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