Will Care Plus Medical Ucc provide recommended procedures for accounting?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
E. Establishing and using administrative, bookkeeping, accounting, and inventory control procedures. We will provide you our recommended procedures for administration, bookkeeping, accounting, and inventory control (Section 5.5). We may make any such procedures part of required (and not merely recommended) procedures for our system.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 22–28)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, Care Plus Medical Ucc will provide franchisees with recommended procedures for administration, bookkeeping, accounting, and inventory control. Care Plus Medical Ucc also retains the right to make these recommended procedures mandatory for the franchise system.
Care Plus Medical Ucc requires franchisees to buy or lease and use a point-of-sale (POS) system and computer system that includes a POS/CRM system, credit card processing system, and accounting platform like Quickbooks. These systems will generate or store data such as inventory/product details, sales transactions, client, employee, scheduling, reporting, and accounting information. The cost to purchase these systems is estimated to be between $2,000 and $6,000.
While Care Plus Medical Ucc is not obligated to provide ongoing maintenance, repairs, upgrades, or updates for these systems, franchisees are required to enter into a contract with a third party for POS system support and other software/apps. The estimated annual cost of these maintenance, updating, upgrading, or support contracts will be $3,000 to $4,000. Care Plus Medical Ucc also requires franchisees to provide them with independent access to the information generated or stored in these systems, including sales, customer data, and reports.