What was the bookkeeping expense for Bevaris Alliance in 2023?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
nce payable | 25,927 | 1,500 | | System marketing reserve fund (Note 7) | • | 70 220 | | Line of credit (Note 6) | · | 72,220 | | , | 1,000 | 0.000 | | Due to related party (Note 8) | 9,069 | 86,938 | | TOTAL LIABILITIES | 245,395 | 189,530 | | MEMBER'S EQUITY: | | | | Member's equity | 112,862 | 170,724 | | | | | | TOTAL MEMBER'S EQUITY | 112,862 | 170,724 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | $ 358,257 | $ 360,254 |
| 2023 | 2022 | |
|---|---|---|
| REVENUE: | ||
| Franchise fees | $ 844,819 | $ 388,798 |
| Vending income | 1,205 | 839 |
| Other income | 1,900 | 310 |
| TOTAL REVENUE | 847,924 | 389,947 |
| EXPENSES: | ||
| Accounting | 19,737 | 19,415 |
| Advertising & marketing | 1,229 | 3,212 |
| Amortization expense | 14,656 | 6,107 |
| Auto expense | 541 | ===- |
| Bank service charges | 813 | 379 |
| Bookkeeping | 33,274 | - |
| Business licenses & permits | 2,280 | 177 |
| Computer & internet | 2,482 | 1,144 |
| Consulting | 153,520 | _ |
| Dues & subcriptions | . 373 | 1,041 |
| Vending food purchases | - | 827 |
| Management fees | 486,000 | 96,000 |
| Meals & entertainment | 595 | - |
| Insurance expense | 6,312 | _ |
| Interest | ||
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the bookkeeping expenses for the company in 2023 were $33,274. This figure reflects the costs Bevaris Alliance incurred for maintaining and managing its financial records during that year.
Bookkeeping expenses can include a range of services, such as recording financial transactions, reconciling bank statements, and preparing financial reports. These services are essential for maintaining accurate financial records and ensuring compliance with accounting standards. For a prospective franchisee, understanding these expenses is crucial for budgeting and financial planning.
Franchisees should consider that bookkeeping expenses can vary depending on the complexity of their operations and the extent to which they outsource these services. Some franchisees may choose to handle bookkeeping tasks themselves, while others may prefer to hire a professional bookkeeper or accounting firm. The $33,274 expense incurred by Bevaris Alliance in 2023 provides a benchmark for franchisees to estimate their own potential bookkeeping costs.