Franchise Accountants

Buying a franchise can give you a great start if you are new to owning a business, hence franchises can be quite popular. The main reason for this is the assistance and support provided by the franchisor. A solid franchise model will have processes and systems in place for you to follow which cover most facets that you need to run a successful business. In addition, generally, full training is provided, ensuring that you get the most out of the systems that they have developed. This support and training gives you the best chance to run your business profitably.

The attraction of buying into a Franchise model is that you can own a lucrative business quite quickly. However, how do you know if the opportunity is too good to be true? This is where engaging a Franchise Account is a good decision. It is important to get adequate research, professional legal and accounting advice from an independent Franchise Account like BBAS Accounting Services. This is part of doing due diligence and should be done before committing to the purchase. These steps will help to clarify the buying proposition before you are locked into purchasing a franchise.

The team at BBAS Accounting Services can help you with:

• Business structure advice
• Set up a business
• Business planning
• Due diligence on the franchise purchases
• Advice on business obligations (record keeping, tax obligations and legals)
• Set up and initial training in accounting software packages (eg. Xero or MYOB)
• Researching into franchise fee inclusions
• Annual tax returns preparation and lodgement
• Annual financial accounts (profit and loss, balance sheets etc)
• Specific taxation advice
• Bookkeeping, purchasing, stock control, cashflow and expense management
• Preparation of interim accounts for business loans, equipment lessors and motor vehicle finance companies.

• Small Business Accountants
• Chartered Accountants
• BAS Accountants
• Business Accountants

Whether you are ready to buy a franchise right now, or whether you are weighing up which franchise is best for you, our experienced Franchise Accountants are here to help. Contact us today for a confidential discussion by calling (07) 3886 1652 or via our online form below.