Does Cool Binz provide assistance with the financial and daily operation of the Cool Binz business, including accounting and record keeping?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
-
- The financial and daily operation of the COOL BINZ Business including its accounting and record keeping functions (Sections 3 and 7 of the Franchise Agreement);
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 36–45)
What This Means (2025 FDD)
According to the 2025 Cool Binz Franchise Disclosure Document, Cool Binz will furnish guidance regarding the financial and daily operation of the Cool Binz business, including accounting and record keeping functions. This support is provided to franchisees after the opening of their Cool Binz business.
Cool Binz requires franchisees to use designated accounting software, which is currently QuickBooks Online, but is subject to change. Franchisees must also follow Cool Binz's specified chart of accounts. Cool Binz retains the right to change these requirements.
Cool Binz also has the right to access a franchisee's computer system to monitor or retrieve data. Franchisees must provide all access codes and IP addresses to facilitate this access within 30 days of opening their Cool Binz Business. All client and customer data is considered Cool Binz's property.