Franaccounts
Franaccounts are leading bfa affiliated accountants who specialise in the provision of bookkeeping and accounting services for franchisees. Our Directors have over 40 years of combined experience within the franchise industry. We have several offices over the United Kingdom including South of London and the Midlands, and are able to support franchisees from all franchises no matter where they are based.
Why Franaccounts can really help
Franaccounts has worked with many major franchise brands across the UK. Being one of the leading BFA Affiliated Accountants we are considered as the "franchise accountants" by many of the leading franchise systems and service providers within the industry.
The benefits of using a franchise accountant especially a BFA Approved affiliated accountant are enormous. We act as a second support unit, as we usually have experience in your chosen franchise and able to provide advice which a traditional accountant cannot.
• Free initial consultation at your premises
• Accurate monthly management accounts
• Very competitive prices
• Efficient turnaround of annual accounts
• FRANACCOUNTS understands the principles of franchising.
• FRANACCOUNTS will provide you with a dedicated team.
• FRANACCOUNTS provide a free accounting help-line.
• We will stay in regular contact.
• Our secure, on-line accounting systems are backed up daily.
When should you approach an Accountant?
Your choice of accountant will affect your franchise business from day one. Your chances of being successful can depend on the advice, knowledge and level of service you receive from your accountant. Before signing your franchise agreement, you should appoint an accountant who has experience within the franchise industry so they are able to offer you advice on the business formation, any issues with Customs and Excise and the Inland Revenue, and, in particular, the franchise contractual requirements for your accounting records.
What level of fees are involved?
Every client has slightly different needs and so the cost of services does vary, however, we have identified that, compared to other accountancy services, we usually end up reducing our clients accounting fees by up to 45%. All our prices are very competitive and several of our services have fixed rates, so there is no shock at the end of the year. In addition to this we are very special, in the way that we don't just act as an accountant, we act as a second support unit.
We are also delighted to offer to registered users of the Totalfranchise.co.uk group of companies, a discount of 10% off Franaccounts accounting services.
What services can Franaccount provide for a franchisee's business?
Franaccounts is able to meet all your bookkeeping and accounting requirements anywhere in the UK. They can advise as much or as little as you require. Commonly provided services for franchisees include:
Formation Services
• Company Formation
• VAT Registration
• Arrangements to open a Bank Account
• Inland Revenue Registration
Business Plans
Detailed business plans can be prepared to support applications Bank Loan finance and will include:-
• Profit and Loss Projections
• Cashflow forecasts
• Balance Sheets
• Break Even Analysis
• Return on Investment
Bookkeeping
We have a team of bookkeepers and our on-line accountancy system means that all data can be entered either by the franchisee or ourselves, subject to agreement.
Analysis and reconciliation can be carried out by us without disrupting the day to day running of your business.
VAT Returns
These can be prepared following completion of the bookkeeping for the relevant quarter. There are several schemes available and we would advise on which is best for your business.
Other Services:
• Management Accounts
• Annual Accounts
• Corporation Tax
• Self Assessment Tax
• Payroll
• Registered Office Services
• Company Secretarial Services
• Tax Planning
• Pension Planning
• Franchise Business Advisor
See the special features section for articles to do with accounting, finance and VAT provided by Franaccounts.
