Volpe Featured in Franchising Today Magazine

August 25, 2023
Accounting blog: Volpe Featured in Franchising Today Magazine

volpe in franchising today

Volpe Consulting and Accounting Services Featured in Franchising Today Magazine

Franchising Today is a leading source for franchise owners, executives, investors, and entrepreneurs.

It is dedicated to sharing trends and dynamic changes happening in the franchise industry.

Franchisors want to ensure that their products are marketed and sold properly to their target customers.

In return, customers expect to receive quality from their favorite brands.

Franchising Today helps franchise professionals stayed knowledgable about industry challenges, best marketing and sales practices, regulatory and legal issues, real estate trends, and more.

They offer print and digital publications, as well as a thorough website.

In each copy, they profile successful franchisees, ranging from large multi-unit businesses to owner-operators of single unit franchises.

You can find interviews with prosperous franchisees, videos, notes from the editors, and more.

You’ll find big name franchises like

  • Smoothie King
  • Apricot Lane
  • The UPS Store
  • Steak ‘n Shake
  • Stanley Steemer
  • H&R Block
  • Slumberland Furniture
  • Paul Mitchell Schools
  • and more

So if you want to know anything and everything about the franchising industry, Franchising Today is for you.

Volpe is proud to be featured in this well-acclaimed and trusted franchising source.

“Volpe Consulting and Accounting Services has been providing bookkeeping and other financial services support to the franchising industry for sever years. Our strategic partnerships allow us to offer data acquisition analysis and compliance solutions to franchisors interested in growing their system and improving their franchises’ performance.” – Franchising Today

volpe consulting and accounting

What is franchise accounting?

Franchises often have unique franchising issues.

Recognition of revenue is not always black and white for franchises.

There is typically a franchisor and a franchisee.

The franchisor is the person or company who owns all the franchises, including the overall rights and trademarks of the company.

They grant a license to a third party to conduct business under their franchise trademarks.

The franchisee is the person who is granted a license to do business under the franchisor’s business model, trademark, and trade name.

This person purchases a franchise from a franchisor.

Franchise Fees

A franchisee typically pays a franchisor money when starting a franchise.

After the purchase of the franchise, the franchisee usually pays the franchisor a portion of the revenues, and other ongoing fees.

What are the advantages of franchises?

When opening a franchise, it is comforting to know that a lot of ground work has already been done for you.

Often, a franchisor provides a franchisee with day-to-day business operations, training, planning, marketing materials, and more.

What are franchise accounting goals?

A franchise accountant is there to help develop strategies for

  • managing employees
  • handling cash flow
  • dealign with debt
  • overseeing key performance indicators

Whether you have been a franchisee for 2 years or 2 weeks, a franchise account is there to help your franchise run smoothly.

Volpe Consulting and Accounting Services will help you receive the benefits of owning a franchise, all while controlling the risks.

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