Franchising

It represents the financial track record of your franchise and tell you how well-positioned your franchisor will be for the future.

• Financial Management
• A financial management system
• Financial statements

It is the practice of making a business plan and then ensuring all departments stay on track.

• Financial Management
• A financial management system
• Financial statements

It combines several financial functions, such as accounting, fixed-asset management, revenue recognition, and payment processing.

• Financial Management
• A financial management system
• Financial statements

Ensuring the company has enough money on hand to meet its obligations.

• Budgeting
• A financial management system
• Tracking liquidity and cash flow

The financial manager allocates the company’s available funds to meet costs, such as mortgages or rents, salaries, raw materials

• Budgeting
• Planning
• Tracking liquidity and cash flow

It is typically requests for purchases of large assets such as property, equipment, or IT systems that create major demands on an organization’s cash flow.

• Capital budget
• Operations
• Cash budget

It helps management track and manage the company’s cash flow effectively by assessing whether additional capital is required.

• Capital budget
• Operations
• Cash budget

Revenues and associated expenses in day-to-day operations are budgeted in detail.

• Operating budget
• Strategizing
• Operations

Ensuring each department is contributing to the vision and operating within budget and in alignment with strategy.

• Controlling
• Strategizing
• Decision-making

Finance teams must track current cash flow, estimate future cash needs and be prepared to free up working capital as needed.

• Operating budget
• Liquidity risk
• Cash budget