It’s never to early

One of the workshops at convention last week centered on the budgeting feature that exists in QuickBooks.  I would bet that not many franchises use this feature.  It is a very useful idea that can actually help a franchise manage its costs.  Budgets are fairly easy to set up.  There is functionality that allows a ...

Something new and different….

Twice this week I have gotten phone calls regarding invoices.  Seems we are all creatures of habit and like our old standby’s.  Back in the summer, bulletin 4995-F went out regarding royalty reports no longer needing copies of invoices.  Bulletin 5048-F informed the franchise community that there was a zip file put up on ServproNET ...

A group of our own!

Lori passed an email along to me today that contained some great information.  The training department at Servpro Industries recently started a monthly webinar, titled Office Space.  I have written about it in the past.  This month’s topic is perfect for all those who work in the office.  “They” say we are all connected in ...

Stages of Development

Most franchise owners are aware of the Stages of Development model that Servpro Industries has created.  It guides a franchise along in terms of volume, staffing, equipment and where the franchise should be in its life. The Stages board has recently revised the percentages that franchises should measure their expenses against.  It is quite amazing ...

Common QB errors

When doing FFA’s in bulk, I can usually spot trends.  Two trends that stick out from this year’s review are the use of the account Payroll Expenses and the way franchises book Subcontract income and Subcontract expenses. First, many franchises have switched to a payroll service instead of taking care of payroll in house.  If, ...

New Year, New Resolutions!

New Year, New Resolutions!
Happy New Year!  Allow me to jump on the bandwagon and make a New Year’s Resolution-I promise to post more often to this blog.  I even have a list of topics that should carry me through mid-February!  That’s usually when most resolutions seem to fall by the wayside………..My part in the FFA process is completed so ...

FFA’s are coming! FFA’s are coming!

It’s the most wonderful time of the year!!!  NOT!  I can hear the collective groans from here.  Each franchise owner should have received their FFA appointment date and time by now.  We are starting much earlier this year to avoid the calls of “We are too busy to do this!”  We will be done with ...

Bulletin 4455-F

Well, it’s official. Servpro Industries Chart of Accounts in FMS matches the one that was issued in the bulletin dated December 13, 2013; Bulletin 4455-F.  You know what that means don’t you?  Each franchise MUST add these new accounts and items to QuickBooks prior to the end of this year.  I know some franchises have ...