Hi all,
We’ve been approached by Adonis Rawlings in Ann Arbor about a requirement that Domino’s is getting ready to enforce. Adonis tells me that it’s part of the standard franchise agreement to provide Domino’s with financial statements for every accounting period, and that they’ve only chosen to enforce a yearly upload of P&Ls–which we already do for you at no cost. Adonis’s call was to warn me that they were going to start enforcing the rule to provide financial statements on an accounting period basis in the coming months.
What this means is that we have to take the financial statement we provide you each accounting period, format it into an upload-able file, then log onto PWR and upload it there on your behalf. The hardest part is the setup of it. PWR won’t take the pdfs that we generate, even though our statements match the format of Domino’s standards. And the spreadsheet used for the yearly version requires key input for each piece of information–which just isn’t time efficient when done more than once a year. To upload on an accounting period basis, it takes a new version of that yearly Excel spreadsheet–which Domino’s has graciously provided for M&A–that allows us to copy/paste blocks of info in by store. Then with a press of a button, it creates the file that we can then upload on PWR. Once we received the new spreadsheet from Domino’s, it was just a matter of getting info out of Peachtree in a form that could easily be copied/pasted. We’ve already had some success and have uploaded one franchisee in that manner. Our next move will be to copy that system out to all other clients and put it into operation with every statement we generate for you.
If you have any questions or comments, please give us a call. Thank you!
Kathy McNarie