Building Your Franchise Foundation
Laying the Financial Groundwork for Restaurant Franchising
You’ve committed to growth—now it’s time to build your financial backbone. A fortified foundation ensures smooth operations, transparent reporting, and franchisee confidence. QMK Consulting specializes in aligning your accounting infrastructure with franchise best practices, so your expansion is built on rock, not sand.
The Recipe for Success—Key Elements of Franchise Accounting
Establishing a strong accounting foundation is critical to scaling a franchise network successfully. At QMK Consulting, we bring proven methodologies tailored to the restaurant franchise model—ensuring that your systems support growth, consistency, and financial clarity across every unit.
1. Comprehensive Franchise Playbook
2. Standardized Chart of Accounts
Creating a unified financial language across all units is non-negotiable for effective oversight. Categorize key metrics such as Food Cost, Labor, Rent, Marketing, Royalties, and Corporate Fees consistently across locations.
3. Reporting Infrastructure
Streamlining Your Accounting Infrastructure
As your franchise grows, your financial systems must evolve in parallel. QMK helps franchisors establish accounting operations that are as scalable and resilient as the brand itself.
Mise en Place for Your Finance Team:
Like a chef preparing ingredients before service, your accounting systems need careful organization and standardization.
Tech Stack Optimization:
We help you integrate best-in-class tools that reduce manual effort and ensure data flows where it’s needed—accurately and in real time.
Governance & Controls
💡 Pro Tip
Automate bank feeds and vendor payments to reduce manual errors and reconciliation time by up to 50%
Case Study: From Bottlenecks to Breakthroughs
When a fast-casual restaurant chain with 12 locations approached QMK Consulting, they were facing a common—but critical—challenge. Their monthly financial close process was dragging out to nearly 10 days, delaying key insights and stretching their finance team thin.
The leadership team knew they needed more timely data to make agile decisions, but their fragmented systems and manual processes were holding them back. They weren’t just looking for a quick fix—they needed a long-term partner who understood the nuances of franchise finance and could design a scalable solution.
QMK began by conducting a comprehensive audit of their accounting workflows and systems. We identified key inefficiencies and bottlenecks, then mapped out a strategy to streamline operations from the ground up. This included implementing a cloud-based ERP platform tailored for franchise operations, integrating point-of-sale data directly into the accounting system, and introducing AP automation to eliminate manual invoice processing.
Within weeks of go-live, the results were clear. The monthly close time dropped from 10 days to just 3. Real-time visibility into financial performance gave the leadership team the insights they needed—when they needed them. Even more, the finance team recovered nearly 20% of their capacity, allowing them to focus on analysis and strategy rather than chasing down reports.
With QMK as their partner, this restaurant group didn’t just modernize their accounting—they built a financial foundation ready to support their next phase of growth.
What sets us apart?
Expertise
Tailored Approach
Cloud-Based and Innovative Technology Integration
Dedicated Account Manager and Proactive Advisory Services
Comprehensive Compliance Support
Results-Oriented Performance
Sustainability and Ethical Practices
What our clients say?
