YEAR-END CHECKLIST for Mr.Appliance ® Franchisees
Here’s a checklist (Source: Business Resource Services): 1. Cs cahl leydouul er ab omoekektei ne pg ebry, aJcacnouuanrtya3n1t ,. a n d / o r C PA t o d a y a n d 2. Sf ientaal i zdeadt e. Ct oh ma t my ouun iecxapt ee ct th yi soduar tyeewa ri t- he nt dh enmu ma nbde rgsettot hbeei r commitment to achieve it. Suggestion: Valentine’s Day is February 14. What better gift to give yourself? 3 . Rp leavni eawd mwiint hi s yt roaut or ri navneds tpml aenn tf uanddviins og rf oarn tdh/eo cr ur rert ei rnetm e n t year retirement contribution. 4 . At hsiks ydoeua dr lCi nPeA. wMhoas tt li iskseuleyst nh ee ey dwtiol l bi ne crleusdoel :v e d t o m a k e • Dp ue rpcrhe ac si aetsi oann ds cshael edsu tl eo sy(osut ar rCt PgAe tnt ionwg sc oa phi et a/ls h e can start updating your depreciation schedule). • Payroll reconciliation. • Compare current year-to-date expenses to prior year for any unusual/unexpected variations and investigate. • Her esavt viemen yauoteeus fraoCnr Pdt Ahpecr ooy fmei at esr . ub py wf o irtehc aa snt ii nn gi t irael mt aaxi nl ii anbg i lity • Wm ionrikmwi zi et hy oy ou ur rt aCxP lAi atboi lci ot ymf eo ru tph we ci tohma i ns tgr ay teeagry. t o • Review needs for working capital for the coming year, including anticipated capital expenditures. • Ripnoecvt l eui endwt i i nacgl ufl rii nrneaennotc fif nicnrg aenndeci tei nda gns . da nt ed r bma nl oka rne bl aat li ao nn cs ehsi pa sn, d • Imt sh aet hnpeal gaeenxmi tsoet inuntpg’ sgari cnacdf ooeur?mn tai nt igo ns yns et ee md s a? dI fe nq ou ta, t we ht oa tm’ s e et Assign a date and a person(s) responsible for resolving each of these issues. Put these dates into your scheduler and have weekly progress meetings. Establishing a wa crciot tuennt iynega rs -t ea nf fda cnldo smi nagn pa gr oe cmeednutr epse rcshoencnk el ils wt fiol lr h e l p ye of f ui c ti eo natc fhi ni eavnec yi aol ucrl ogsoea fl os ro 2f 0a 1t i6maenl yd, aa lcl cfuurt autree ayneda rcso. s t
BY: MICHAEL GREEN, VICE PRESIDENT OPERATIONS
W hile helping Mr. Appliance franchisees gain an i(mP &p Lr os v, Ce da suhnFdleorws taanndd iBnagl aonf ct he eSi hr ef ientas n) , cIi a l s oa sf tpeencttismoefserf ef ef ec tri vt oe ltyhoi sppe rr oa tciensgs aa sp roonfei t oa bf tl eh ea n“ Ud nc-aFsuhnf”l o w i n g bb ue sFi Un eNs. sU. Bn de lei re svtea ni t doi rn gn oa tn, df i nl eaanr cni ianl gs thaot we mt oe nrtesa cda, na na ac ltyuzael l y ac annd bi ne t fei rnparnect i at hl ley fri enwa na cr idai lnpg e(ref qo ruma l as nFcUe No)f . yPol uu sr , bbuys bi neet tses r ua rnedne roswt ainndai nmg uhcohwb teot treerapdoysoi tui or nf i nt oa nmcai aklesmt aot er me iennf ot sr, my oe ud ba nuds i n“ neos st -ds oe-cgi soioodn”s baunsdi nt oe s, sh odpeec ifsuilolyn, sa. vo i d m a k i n g c o s t ly c te a l r l d I y n s o m ( u r a e “h n m o y e w wm a w b y e e s r l , l ” f h i i n o g r a h n “ s h c c i o a h w l o s o n t l a o ? t ) t e - . m s A o e - fi w n n t e a s l n l a ” c r i y e a o l a u s l r t o a b t t u e li m s k i e n e n e re s t s p c o a r n t performed over a period of time (week, month, quarter or year) in most cases. That’s the reason I encourage and work with Mr. Appliance franchise owners/business mfinaannacgiearlssttaotetamkeentthse. time to learn how to read their e b n e v c W o ir m o it n e h m s t e h e v i n s e t n y , h e m a a r v o ’ i r s n e e g c c t r o i i m n ti o c e m a ly l i t c a o n c h h d e a a l l a a l ta dgoeacilssiaonnds foobrjeycotuivrecso. mpany and to reach your financial f i n aSnoc, iba yl ssteatttei nmgean tssc hf oerdtuhl ee yi ne aprl, aycoeut oc af ni nga el itz ae hy oe au dr start on tax planning so you can take proactive steps before the end of this year. This will help you identify any possible money saving options. p c le c y n u o g r u a e t s m e a f a n i k n d e a p n s o o c l i u i a t n l i c d d
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toolbox ® |4th Edition
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