Franchise Financial preparation and Audit

Preparing financial statements and getting audited are essential steps if you're planning to franchise your business, as they ensure transparency and build trust with prospective franchisees. Here's how we guide our clients through the process:


we assist in preparing an accurate and detailed financial statement, which includes the balance sheet, income statement, and cash flow statement. This gives a snapshot of your business's financial health, including assets, liabilities, revenue, expenses, and cash flows. It's important that these statements adhere to the Generally Accepted Accounting Principles (GAAP) in the U.S.


we recommend having these financial statements audited by an independent Certified Public Accountant (CPA). This is not only a best practice but also a legal requirement in many U.S. states for franchisors. An audit provides an unbiased examination of your financial statements and assures potential franchisees that the information presented is accurate and complete.

In addition, we help clients understand the importance of ongoing financial reporting. This includes preparing regular financial updates to share with franchisees, which can help maintain their confidence and demonstrate the overall health and profitability of the franchise system.

We also offer guidance on other financial aspects of the franchise agreement, such as franchise fees, royalty payments, marketing fund contributions, and renewal fees.

Our service aims to make the financial preparation process for franchising less daunting and more streamlined, ultimately helping you build a solid foundation for a successful franchise system.

Build your successful business with us. Want to know how to do this?