What does the Face Foundrie Accounting System Set-Up Fee of $500 cover?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
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Accounting System Set-Up Fee
We charge a one-time "Accounting System Set-Up Fee" of $500 to cover the setup of your QuickBooks with the approved chart of accounts and products
Source: Item 5 — INITIAL FEES (FDD pages 13–15)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, franchisees must pay a one-time Accounting System Set-Up Fee of $500. This fee covers the setup of the franchisee's QuickBooks account with the approved chart of accounts, products, and services.
This fee is nonrefundable, meaning that even if the franchisee's business plans change or they do not proceed with opening a Face Foundrie location, the $500 will not be returned. This type of fee is relatively common in franchising, as it compensates the franchisor for the initial work involved in setting up essential business systems for the franchisee.
QuickBooks is a popular accounting software used by many small businesses, including franchises. By setting up the franchisee's QuickBooks with a standardized chart of accounts, products, and services, Face Foundrie ensures that all franchise locations use a consistent accounting system. This consistency makes it easier for Face Foundrie to collect and analyze financial data from its franchisees, which can be used to improve the overall performance of the franchise system. It also helps franchisees maintain accurate financial records and comply with reporting requirements.
Prospective franchisees should factor this $500 fee into their initial investment costs and understand that it is a nonrefundable expense. While it may seem like a small amount compared to other initial fees, it is an essential part of setting up the business and ensuring compliance with Face Foundrie's accounting standards.