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Customer Bookings
Administration
Administration
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RECORDING AND REPORTING SALES
Use a recognised accountant or bookkeeper to help with tax returns, registrations, and accurate bookkeeping practices. All new franchisees are required to use bookkeeping software (Xero, QuickBooks, or FreeAgent are common options). Accurate, timely accounts avoid HMRC estimating your taxable profits, interest charges, or penalties.
TAKING PAYMENTS
Set up a dedicated business bank account used solely for your franchised business. As franchisor, Baby Band retains the right to audit takings annually and needs access to your accounting software. All class and event payments go through Book That In via a Stripe account (set up free at stripe.com). Your franchise fee is automatically taken from your Book That In account. Party and nursery invoices are paid via BACS transfer to Baby Band HQ by the 15th of the following month, with a receipt issued from Head Office. Baby Band is a cashless business, all bookings and payments happen online via the website.
