Franchise Business Systems offers
a complete package of services
and support for Amoco Dealers.
To assist new Dealers in getting
their business off to a proper start
our program expands on and
reinforces the lessons they learn in
new dealer training.
Franchise Business Systems offers
a complete package of services
and support for Amoco Dealers.
To assist new Dealers in getting
their business off to a proper start
our program expands on and
reinforces the lessons they learn in
new dealer training.
Your Logo
Here
(800) 382-1040
Services
Offered
Monthly Accounting Service
Payroll Service
Tax Preparation & Planning
Business Plan Development
Pre Purchase Evaluation
Buyer Due Diligence Reviews
Retail Inventory Set-up
Merchandising Assistance
Incentive Plan Development
Audit Representation
Monthly Accounting
Service Reports
Profit & Loss Statement
Balance Sheet
Departmental Sales, Cost of Sales & Gross
Margin Report
Departmental Shrinkage Report
Gasoline Sales Graph
Gross Profit By Department Graph
W.A.M. ( Pool Margin) Report
Bank Reconciliation
Reconciliation of Daily Books & Daily Sales
Analysis Report
Reconciliation of Accounts Payable, Accounts
Receivable & Petty Cash
Complete Transaction Detail Reporting
Sales Tax Preparation
Quarterly Payroll Tax Returns
Monthly Accounting
Service Also
Includes
Free Custom Daily Books (Paper Books)
Free Daily Book Software & Support
Training on Completion of Daily Books
Training & Support for Retail Inventory System
Assistance With M.I.R. & D.I.R. When Necessary
Programming Ruby For Categories &
Departments
Support For All Sales Tax Questions
Support For All Payroll Tax & Personnel
Questions
Business Tax Planning
Assistance With Financing & Bank Paperwork
1 Hour per Month Business Consulting
Our basic monthly accounting standard fee is
$350.00 per month and covers the complete
monthly accounting service.
Amoco Dealers receive a 15% discount off our
standard fee when referred by an S.O.M. To
receive the discount, billing must be handled by
EFT.
Monthly Accounting
Service Setup
There is a one time setup fee for
all new Amoco monthly
accounting service clients of
$250.00
This fee covers the following
services.
Assistance with Amoco business plan
Pre closing meetings or telephone consultations
Review of purchase and asset allocations
Attendance at and assistance with closing
Conversion of retail inventory to cost for
purchase
Programming of Ruby categories and reports
Initial training on daily books
Setup of accounting system
Sample Financial Statements
For
Retail Petroleum Dealers
Sample Daily Books Recap
For
Retail Petroleum Dealers
Payroll Services
Free set-up
Free checks
Free basic maintenance
Free new employee set-up
Free rehires
Free departmentalization
Fast payroll turnaround
We handle all payroll tax deposits
Personal service
Direct Deposit Available
Ready-to-sign Quarterly Tax Returns
We prepare reconciled W-2’s
Payroll Service
Fees
Number of Fee per Pay Period
Employees Weekly Bi-Weekly Monthly
1 17.00 22.00 32.00
2 18.00 23.00 33.00
3 19.00 24.00 34.00
4 20.00 25.00 35.00
5 21.00 26.00 36.00
6 22.00 27.00 37.00
7 23.00 28.00 38.00
8 24.00 29.00 39.00
9 25.00 30.00 40.00
10 26.00 31.00 41.00
11 26.75 31.75 41.75
12 27.50 32.50 42.50
13 28.25 33.25 43.25
14 29.00 34.00 44.00
15 29.75 34.75 45.75
16 30.50 35.50 46.50
17 31.25 36.25 47.25
18 32.00 37.00 48.00
19 32.75 37.75 48.75
20 33.50 38.50 49.50
Custom quotes available for 21 or more
Fee of $5.00 per W-2 (minimum $10.00) at
year end. Delivery/Postage at Cost
Tax Services
Our tax department provides complete tax
preparation, tax planning, and audit
representation services.
Because we specialize in helping retail
petroleum , we keep up on all the latest tax
matters that affect their business. We know
what the IRS is looking for when they audit
retail petroleum dealers, so we can help them
avoid the tax traps that exist in their industry
We can help dealers comply with the complex
sales tax rules for C-Store and Bay
Operators.
Our year round tax planning, will help
make sure you pay the lowest tax the law
allows.
We can help you take advantage of the new
Work Opportunity Tax Credit.
Sample Business Plan
For
Dealer School
New Dealer
Setup Outline
First Meeting or Consultation
Prospective Dealer Consultation
1) Review accounting needs and services available
2) Review choice of business entity
3) Supply prospective dealer with industry standards
4) Review areas of due dilligence
Second Meeting or Consultation
Dealer Approved By Amoco (Pre dealer school)
1) Complete accounting services agreement
2) Assist with completion of Amoco business plan
3) Assist with due diligence as requested
Pre Closing Meeting or Consultation
1) Complete sales tax application
2) Complete application for temporary alcohol and
tobacco license
3) Complete DBA paperwork
4) Setup payroll service & payroll information
New Dealer
Setup Outline
At Closing
1) Assist with inventory calculations
2) Program Ruby categories and reports
3) Provide shift report forms
4) Provide payroll setup for new employees
5) Review store layout and procedures with new
dealer.
5 Days After Closing
1) Train new dealer on completion of daily books
2) Assist as necessary with accounting and accounting
procedures
3) Obtain copies of closing statements and purchase documents
7-10 Days After End of First Month
1) Contact new dealer for monthly work
15th-19th Day After Month End
1) Sales tax sent to dealer
25-30 After End Month Work Received
1) Financial statements sent to dealer
Closing
Check List
10 Days Before Closing
____ Review sellers sales tax records for
successor liabilities
____ Arrange for closing inventory to be taken
____ Apply for sales tax number
____ Apply for alcohol and tobacco licenses
____ Obtain copies of sellers commercial personal
property tax returns
____ Apply for DBA as Amoco…
____ Set allocation of purchase price for assets, goodwill
and non-compete with seller
____ Arrange for transfer of existing phone number with
seller
1 Day Before Closing
____ Transfer funds for closing to your attorney’s trust
account (any excess funds will be returned at closing)
____ Purchase change bank for opening
____ Be sure transfer letters will be provided for pay
phones, and other vending income sources
Day of Closing
____ Check inventory to be purchased for out of date items
or items that are not in sellable condition
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