Cash Management & Accounting

Our Purpose

We support the Franchise Network by providing professional, timely and accurate support in all we do.  From application or customer payments to transferring of funds and research we strive to provide services to the franchise and its customers in alliance with our core values.  

Our Role

• Cash Receipts Posting 

• Manage the Lending Program 

Cash Receipts Posting 

• Cash receipts are processed for all Franchisee Receivables on every banking business day. 

• All payments received at our bank lockbox, our office, or via ACH are processed the same day they are received and applied to invoices daily. 

• Once applied to invoices, cash receipts are then posted to your franchise account by end of the same business day. 

• We research payment issues, such as amounts that do not match the invoice, or payments received with no invoice or customer number. 

• Positive balance on your franchise account statement will be sent via ACH to your bank account the next business day, unless we are instructed by the franchise owners to hold the funds. 

Lending Program 

• We offer a lending program for franchisees in good standing to facilitate your growing business. Borrowed funds are subject to interest charges based on the Prime interest rate as published by the Midwest Edition of the Wall Street Journal plus basis points determined by your borrowing percentages. 

• Requests can be submitted for operational and payroll needs up to 50% of Franchisee Receivables. 

• Lending requests are processed two days per week, on Monday and Wednesday. Loan Request Forms are due on the lending days by 11 AM Central Time. 

• A link to the request form can be found in iDashboards. Click on Loan Request Form from the Franchisee Home Page. 

• Requests for Operations must include a detailed breakdown of the expense amount submitted. 

Tips for Managing Your Cash Flow and Debt 

• Poor cash flow can stunt your business growth and impact your borrowing. Being proactive in managing your cash flow is essential for your business health. 

• Manage your expenses to maintain profitable margins in alignment with your revenue. You can’t outgrow bad habits - so make sure you are managing overhead, payroll and vehicle costs to keep your profit in your business. 

• Limit unnecessary spend until your business can afford it. Keep yourself off payroll, take fewer draws, don’t overextend on office space, and put money back in the business. Reducing and minimizing your debt will increase your returns in the long run. 

• Be mindful of how your billing terms and conditions impact the cash flow of your business. Billing earlier and with shorter terms brings money in faster. 

• COLLECTIONS are your cash flow. Having a good system in place to review and keep your collections current is key to keeping your operations running smoothly. 

Our Team: