Accounting Services
Franaccounts is able to meet all your bookkeeping and accounting requirements anywhere in the UK. If you are unsure of what services you require, contact us now to discuss how we can help you and your business.
Benefits to the Franchisees
Having an accountant that not only understands the franchise industry but also having experience within your franchise system are both invaluable assets that a BFA Accountant can provide.
- Free initial meeting - discuss what matters to you
- Accurate monthly management accounts
- Very competitive prices
- First class customer service and care
- Experience within your franchise or that franchise sector - we can offer advice and support that a traditional accountant cannot
- 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.
- Your Franaccounts team will stay in regular contact.
- Our secure, on-line accounting systems are backed up daily.
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 or an 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.
Our bookkeeping services include:-
Preparation and processing of sales invoices
Posting and allocation of sales receipts to customers accounts
Credit control and debt chasing
Processing and posting of the supplier purchase invoices
Processing, coding and posting of supplier expense invoices
Posting and allocation of supplier direct debit payments to suppliers accounts
Production of cheques to pay suppliers in accordance with credit terms
Posting and allocation of supplier cheques to supplier accounts
Analysing and posting of petty cash payments
Payroll journal entries and control
Depreciation provisions
Interest and charges provisions
Accruals and prepayments provisions
Bank Reconciliations
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.
Management Accounts
These can be prepared monthly or quarterly as required and could be in addition to, or as part of, any existing report. All Management accounting reports are bespoke and their layouts are designed in accordance with any specific requirements of each franchise.
Annual Accounts
Preparing a set of Annual Accounts for the sole trader, partnership or Limited Company, as appropriate, for submission to the Inland Revenue.
Corporation Tax
Computation and Return prepared for limited companies for submission to the Inland Revenue.
Self Assessment Tax
Returns prepared for the sole trader, partners or directors, as required.
Payroll
Using our Online Payroll system, the data is entered into an online data form and downloaded directly into our payroll package. Payslips, gross pay and deduction summaries, and Inland Revenue Remittance are supplied monthly. The P35, P14 and P60's are supplied annually to the Inland Revenue, together with P11D's, if required.
Other services
Registered Office Services
Company Secretarial Services
Tax Planning
Pension Planning
Franchise Business Advisor
Simply pick which services you require and we will prepare a fixed price quotation for all the sections on the menu, once we have reviewed the systems operated by the franchise.
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