RMH Business Solutions provides all of the essential tools to assist small businesses in navigating the business world. We offer tax preparation services, payroll services, bookkeeping and accounting services to business owners. We conduct conversations with the business owners to implement strategic tax planning strategies to reduce personal and business taxes. In addition, we can assist and guide the owners with the proper business formation structure to meet the needs of the organization. Having it all in one place means you get a simpler, more efficient and less expensive one-stop shop for all your back office business needs.
The RMH Business Solutions for franchisors is an industry leading process to allow accurate data from the franchisees and correct information to ensure that the franchisors is receiving correct royalties from the franchisees.
Our business solutions program takes innovative approach to help franchisors with the collection of financial data from their franchisees. This unique program is a seamless submission activate for the franchisee. Once the franchisees submit the financial data then the franchisor has the capability of reviewing and comparing the data with all of the units within the network.
The reporting function will allow the management team to view best performance units and use the data to help the under-preforming units. The data will show revenue for each unit as well the expense data which will allow comparison information to point to performance success and issues.
RMH Business Solutions will be the administrator and can assist in the creation of specialized reports for your organization to display the data.
The business solutions program will implement a process and deploy a system within the network to capture the data for all of the units even if they are not all on the same bookkeeping software version. The outcome of this program will capture all of the data in single system for comparison and increase productivity, identify high performers, identify trends to assist the franchisees in decision to improve their profitability. At the same time reduce costs for the individual franchisees for the back room office needs.
In addition, it will make an improvement in the timely and accurate franchising fees paid to the franchisor.
To learn more about the process read the page called RMH Partnership with Qvinci.