Does the City Wide standard monthly accounting full services package include providing forecasting/budgeting assistance?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
written consent of City Wide, which may be granted or denied.
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- Entire Agreement. This Agreement contains the Parties' entire agreement with respect to the subject matter included and supersedes all prior understandings, both oral and written. This Agreement may not be amended or modified except with the written consent of an authorized representative of both Parties.
The Parties hereby acknowledge and agree to all the terms hereinabove and have executed and delivered this Agreement on the day and year first written above.
CITY WIDE: CITY WIDE FRANCHISE COMPANY, INC. ENTITY NAME d/b/a City Wide Facility Solutions – Territory
EXHIBIT "A" Accounting Services and Fees
Pricing: Subject to changed based upon revenue and business growth needs, as agreed to by the Parties. *
| Standard Monthly Accounting Full Services Package | $1,500 | |
|---|---|---|
| Perform Bank Reconciliation | x | |
| Perform Balance Sheet Reconciliations | x | |
| Bill | x | |
| Contracts | ||
| Bill | x | |
| Extra | ||
| Charges | ||
| Bill | x | |
| Supply | ||
| Items | ||
| Close | x | |
| Monthly | ||
| Financials | ||
| Processing AP | x | |
| Checks | ||
| Processing | x | |
| IC | ||
| Paychecks | ||
| Generate Monthly | x | |
| Commission | ||
| Reports | ||
| Create | x | |
| New | ||
| Supply Items | ||
| Perform Credit Card Reconcil |
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the standard monthly accounting full services package, priced at $1,500, does include providing forecasting/budgeting assistance. This service is part of a comprehensive suite of accounting functions offered to franchisees.
For a prospective City Wide franchisee, this means that for a fixed monthly fee, they can receive assistance with forecasting and budgeting, which are critical for financial planning and management. This can be particularly beneficial for franchisees who may not have extensive experience in financial management or prefer to outsource these functions.
However, it's important to note that the FDD excerpt does not detail the extent or frequency of the forecasting/budgeting assistance. Franchisees should clarify with City Wide the specific services included under this item, such as the types of reports provided, the level of detail in the forecasts, and the frequency of budget reviews. Understanding these details will help franchisees assess the value of the accounting package and determine if it meets their specific needs.
While the standard package includes this assistance, franchisees should also inquire about any additional accounting services available and their associated costs. This will allow them to make an informed decision about the level of support they require and ensure they have a clear understanding of the financial services provided by City Wide.