What accounting and administrative services does Christian Brothers Automotive provide to each store?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
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- CBAC provides each store with accounting and administrative services which will include preparation of monthly financial reports, a reconciliation of all bank statements, all payroll processing, posting of sales activity to the general ledger, posting of payroll activity to the general ledger, hosting the financial management software, obtaining and filing of bank statements, calculation and posting of depreciation, booking monthly accruals, reconciliation of credit card payments and allocations, reconciliation of all debt balances, analysis of all general ledger accounts for proper category postings, weekly sales reports of all franchises, quarterly profit and loss statements and Gross Profit Margin reports for all franchises, year-end adjustments to inventory, analysis of gross profit margin between the point of sale software and the financial software, and general tax information and filings. The fee for these services is currently $550 per month. CBAC offers additional tax filing services for monthly sales and use tax filings and annual personal property tax renditions; and the fees for these services are $25.00 per month and $75.00 per year respectively. Additionally, as indicated above, CBAC provides IT support services for a fee of $200 per month. The fees for all of these services may be increased in the future, in the sole discretion of CBAC.
Source: Item 6 — OTHER FEES (FDD pages 17–25)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, franchisees receive a suite of accounting and administrative services for a fee of $550 per month. These services include the preparation of monthly financial reports, reconciliation of bank statements, payroll processing, and posting sales and payroll activity to the general ledger. Christian Brothers Automotive also hosts the financial management software and handles the filing of bank statements.
In addition to the standard services, Christian Brothers Automotive calculates and posts depreciation, books monthly accruals, reconciles credit card payments and allocations, and reconciles all debt balances. They also analyze general ledger accounts for proper category postings and provide weekly sales reports for all franchises. Franchisees also receive quarterly profit and loss statements and Gross Profit Margin reports. At year-end, Christian Brothers Automotive provides adjustments to inventory and analyzes the gross profit margin between the point of sale software and the financial software, along with general tax information and filings.
Christian Brothers Automotive offers additional tax filing services for monthly sales and use tax filings at a cost of $25.00 per month, and annual personal property tax renditions for $75.00 per year. Furthermore, Christian Brothers Automotive provides IT support services for a fee of $200 per month. It is important to note that Christian Brothers Automotive retains the right to increase the fees for these services at their discretion in the future.