Does Management Recruiters offer back office services for a fee?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
-
- Back office services in exchange for a fee including:
- updates to and maintenance of Franchisor's billing and payroll system;
- invoicing customers for Recruiter Services and Contract Staffing Services;
- accounts receivable and cash receipts application services;
- basic accounting assistance including preparation of monthly profit and loss statements and balance sheets for the Franchise Business;
- collections assistance including calls and demand letters, provided, however, that Franchisee shall bear ultimate responsibility for collections;
- accounts payable assistance including payment of regular monthly, quarterly, and annual vendor invoices (which amounts Franchisee will advance to Franchisor) on behalf of Franchisee; and
- optional liaison services between Franchisee and any professional employment organization or similar organization Franchisee selects to assist with benefits and payroll administration of internal staff.
(Franchise Agreement Section 7);
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 34–40)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, back office services are available to franchisees in exchange for a fee. These services include updates to and maintenance of Management Recruiters' billing and payroll system, invoicing customers for recruiter and contract staffing services, accounts receivable and cash receipts application services, and basic accounting assistance, including the preparation of monthly profit and loss statements and balance sheets.
Additionally, Management Recruiters provides collections assistance, including calls and demand letters, though the franchisee retains ultimate responsibility for collections. They also offer accounts payable assistance, which includes the payment of regular monthly, quarterly, and annual vendor invoices, with the franchisee advancing the funds to Management Recruiters.
Finally, Management Recruiters offers optional liaison services between the franchisee and any professional employment organization or similar entity the franchisee chooses to assist with benefits and payroll administration of internal staff. These back office services can help a franchisee manage essential administrative tasks, potentially freeing up time to focus on business development and client relations.