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Franchises

Franchises are gaining in popularity across a wide variety of categories in the U.S., and many are experiencing rapid growth and expansion. When companies grow at a rapid rate, it is often best to focus on the core competency of the business to ensure true strategic growth, and Franchises benefit from this same strategy. Finance & accounting are key activities for any Franchise, though many of them are focused on the business of the Franchise rather than on finance & accounting procedures and controls. Oftentimes, a Franchise can really benefit from partnering with a firm that specialized in finance & accounting that allows them to focus on the business of the Franchise.

As a leader in the industry Sutherland provides true end-to-end solutions for Franchises, utilizing a blend of people, process and technology. Our methodology will streamline operational efficiency, create a scalable environment and increase your bottom line. Our proven expertise in the franchise industry will allow your concept to not only grow, but grow at a faster rate than generally projected.

Sutherland’s services for Franchises include these tailored account solutions to meet your needs:

Accounts Payable

  • Vendor management
  • Invoice & payment processing
  • Travel & Expense reimbursement
  • Specialty payment requests
  • P-card administration
  • Cash/wire/ACH/EFT processing
  • 1099 preparation & distribution

Accounts Receivable

  • Franchise billing
  • Customer set-up & maintenance
  • Customer invoicing
  • Lock box management & cash application
  • Credit & collections
  • Customer inquiries
  • Period & year-end closing
  • Reporting

Fixed Assets

  • General Ledger Reconciliation
  • Capital Project Management
  • Tax / Book reconciliations

General Accounting

  • POS daily reconciliation
  • Store bank deposit reconciliation
  • Credit card reconciliation of POS to bank
  • Sale data import/reconciliation
  • Journal Entry processing
  • Balance Sheet & bank reconciliations
  • Fiscal period & year-end General
  • Ledger closing
  • Consolidations/eliminations
  • Budgeting
  • Treasury services

Financial Reporting

  • Internal
  • Statutory
  • Analysis

Technology

  • Lawson application hosting & management
  • Proprietary Workflow tool

The Sutherland Advantage

  • Your focus is on your core business.
  • Your time is spent on strategic issues rather than on tactical activities.
  • Your will have a high-performing finance organization.