Franchise Accounting Services
Accountancy Made Simple from only £89/month
Running a franchise means following someone else’s system while still managing your own accounts, royalty payments, franchise fees, and reporting back to your franchisor on top of your normal compliance. Caroola gives franchisees a dedicated accountant and fixed monthly fee, whichever franchise you operate.
Everything Your Franchise Needs
Franchise fees and ongoing royalties need accounting for correctly, and many franchisors expect financial information in a specific format or on a set schedule. Getting this wrong doesn’t just cause tax problems, it can put you at odds with your franchise agreement too.
Specialist Franchise Accounting Support
Our franchise accounting services are provided by accountants who are technically qualified, industry accredited, and best-in-class with decades of experience, not a generic small business template.
You’ll get your own dedicated accountant, not a shared inbox or a rotating support team.
Support is unlimited, and quarterly check-ins mean your accountant is looking at your numbers throughout the year, not just once and then gone until the next deadline.
- Cloud accounting software included
- Annual accounts, prepared and filed
- Corporation Tax or Self Assessment
- Your own dedicated accountant
- Tax planning reviewed every quarter
- Support switching from another provider
Who are these services for?
At Caroola, we work with franchisees of every structure, sole traders, limited companies and partnerships, across every kind of franchise.
We’re also highly experienced with multi-unit franchisees, so if you operate more than one site, we can give tailored guidance.
What Makes Franchise Accounting Different?
A franchise isn’t just a normal small business. You’re paying into someone else’s system, following their reporting requirements, and often answering to a franchisor as well as HMRC.
Get the treatment of franchise fees or royalties wrong, and it can affect both your tax position and your standing with your franchisor.
Initial franchise fee:
Usually treated as a capital cost, not an expense you deduct in year one.
Ongoing royalties:
Regular payments to your franchisor, typically deductible as a trading expense.
Franchisor reporting:
Many franchise agreements require financial information in a specific format or on a set schedule, separate from your normal filing.
Marketing levies:
Contributions to shared marketing funds, which need accounting for correctly alongside your other costs.
Multi-unit accounts:
If you run more than one site, keeping performance visible unit by unit, not just combined.
Why Choose Caroola for Franchise Accounting?
Built For Franchisor Reporting
We can work to the schedule and format your franchise agreement requires.
Fixed Monthly Fees
One price, agreed upfront, that won't creep up as you grow.
Your Own Accountant
Work with one dedicated accountant who understands franchise structures, not just standard retail.
No Hidden Costs
Clear pricing whichever franchise you operate.
Grows With Your Franchise
From your first site to multiple units, your package adapts.
How Much Does Franchise Accounting Cost?
Your core accounting is one fixed fee, whichever franchise you operate.
Packages start at £28 + VAT a month for sole traders and £89 + VAT a month for limited companies, with partnerships priced around your setup. That covers your core accounting.
If you operate multiple units, or need reporting in a specific format for your franchisor, we’ll agree what that involves with you directly.
Sole Trader
- Self Assessment filing
- Bookkeeping software
- Dedicated accountant
- MTD ITSA software
- Corporation Tax & VAT filing
- Annual Accounts
- Real-time tax insights
Limited Company
- Self Assessment filing
- Bookkeeping software
- Dedicated accountant
- MTD software
- Corporation Tax & VAT filing
- Annual Accounts
- Real-time tax insights
Partnerships & LLP
- Self Assessment filing
- Bookkeeping software
- Dedicated accountant
- MTD ITSA software
- Corporation Tax & VAT filing
- Annual Accounts
- Real-time tax insights
Speak to a Franchise Accountant Today
Ready to work together or interested in learning more? Get in touch with the team to start a conversation.
FAQs
- Do You Work With Franchisees of Any Brand?
Yes. We work with franchisees across every kind of franchise, not just a particular sector or brand.
- How Are Franchise Fees Treated for Tax?
It depends on the type of fee. An initial franchise fee is usually treated as a capital cost, while ongoing royalties are typically deductible as a trading expense. We’ll advise on your specific situation.
- Can You Report to My Franchisor in Their Required Format?
In most cases, yes. Many franchise agreements set out specific reporting requirements, and we can work to those alongside your normal accounting.
- How Much Does Franchise Accounting Cost?
Packages start at £28 + VAT a month for sole traders and £89 + VAT a month for limited companies, covering your core accounting.
- Can I Switch to Caroola Part-Way Through the Year?
Yes. No need to wait for year-end. We manage the handover with your current provider.
- Are There Any Additional Costs?
Not for your core accounting. VAT registration, payroll for employees, bookkeeping, or management accounts are priced separately or included with an upgraded package.
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