Franchise Solutions

February 17, 2025

Franchise Accounting Treatment: A Complete Guide 2026

Franchise accounting goes far beyond traditional bookkeeping. Whether you're a franchisor collecting franchise fees or a franchisee investing in a new location, every financial transaction must be recorded accurately to maintain compliance, support business growth, and produce reliable financial statements. From accounting for initial franchise fees and royalty payments to applying ASC 606 revenue recognition and preparing franchise financial statements…

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Franchise Solutions

February 14, 2025

FTC Franchise Rule Compliance Guide 2026: FDD Requirements, Checklist & Common Mistakes

Selling a franchise in the United States requires more than a great business model—it requires strict compliance with the Federal Trade Commission (FTC) Franchise Rule. Whether you're preparing your first Franchise Disclosure Document (FDD) or expanding into multiple states, understanding the FTC's disclosure requirements is essential to avoiding costly penalties and protecting your brand. This guide explains everything franchisors need to know about FTC…

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Franchise Solutions

February 12, 2025

Franchise Disclosure Document: Deep Dive Guide

When exploring the world of franchising, one document stands as both a legal safeguard and an invaluable resource for prospective franchisees: the Franchise Disclosure Document (FDD). At QMK Consulting, an esteemed accounting firm based in New York City, we understand the complexities of franchising—from the initial investment to the nuanced details that govern your potential business venture. In this blog post, we dive deep into the FDD, discussing its…

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Franchise Solutions

February 10, 2025

Franchise Fee Structure: Fees, Costs & Investment

A franchise fee is a one-time payment that a franchisee makes to a franchisor for the right to use the franchisor’s trademark, business model, and operational systems. Unlike ongoing costs such as royalty fees or marketing contributions, the initial franchise fee is paid only once at the beginning of the franchise agreement. By understanding the role and purpose of the franchise fee, you can better gauge the initial cost of entry and the value that you…

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Franchise Solutions

February 7, 2025

Franchise CPA Services

Franchise businesses operate in a unique environment where growth, compliance, and multi-location management intersect. To thrive in this dynamic marketplace, franchisors and franchisees require accounting expertise that goes beyond the traditional CPA model. In this blog post, we’ll explore what franchise CPA services are, why they are essential, the specialized services they offer, and how to choose the right professional to support your franchise. We’ll…

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Accounting & Bookkeeping

February 5, 2025

Best Restaurant Bookkeeping Services in the US

Running a restaurant is an exciting career that involves imagination, passion, and the dream of making great dining experiences. However, behind every successful meal is a sound financial backbone. In QMK Consulting, we know that restaurant finances can be as complex as designing the ideal menu. In this comprehensive blog post, we'll take a deep dive into the restaurant's financial struggles, reveal the unseen costs of improper bookkeeping, and discuss…

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Business Advisory Services

February 4, 2025

Financial & Management Audit Guide

In today’s dynamic business environment, accountability and operational efficiency are more crucial than ever. Companies operating in the competitive U.S. market face constant pressure not only to prove their financial integrity to investors and regulators but also to optimize internal operations for sustainable growth. This is where the dual approach of financial and management audits becomes indispensable. At QMK Consulting, we help businesses understand…

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Business Advisory Services

January 31, 2025

Internal Audit in the U.S.: Where It Fits in a Strong Control Framework

Internal audit looks beyond a company’s financial results to examine how effectively important controls, processes, risks, and governance responsibilities are being managed. The scope can vary widely depending on the organization from financial reporting and cybersecurity to operational procedures, regulatory exposure, procurement, or fraud risk. Financial Controls: Reviewing whether financial processes, approvals, reconciliations, and supporting records…

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