Finance systems for your business

What you need to know:

  • You and your staff only handle cash in trust for your business which rightly owns it.
  • You will need a finance system that reports everything the franchisee sells, otherwise you run the risk of not earning your equitable royalties from dishonest franchisees.
  • As awkward as this might sound, the ideal position is where your business offers no credit to customers while you take maximum credit from your suppliers.