Averan The Tailored Closet Bookkeeping Conversion Package
Averan Advisors takes over the books for an open location of The Tailored Closet from your current bookkeeper. We review what you have, fix what is wrong and switch at a month end, so no month is missed or closed twice.
The Tailored Closet conversion package
The conversion package is for The Tailored Closet owners who already have a bookkeeper and want to switch. The work follows The Tailored Closet’s 2026 FDD and your franchise agreement. A dedicated home improvement specialist handles your account.
- A written review of your current books for The Tailored Closet.
- Every account matched to its statement on your switch date.
- Accounts rebuilt to produce the monthly report The Tailored Closet asks for.
- Recent royalty and fee charges from The Tailored Closet checked against your agreement.
Do you have 30 minutes this week? Book a 30-minute call.
What The Tailored Closet conversion package includes
Books review
We review your current books for The Tailored Closet and send you a written list of what is wrong and what it takes to fix it.
Clean opening balances
We match every bank, card and loan account to its statement on your switch date.
Reporting format
We rebuild the chart of accounts so the books produce the monthly report The Tailored Closet asks its owners for.
Fee check
We recalculate recent royalty and fee charges from The Tailored Closet from your sales and check them against your franchise agreement.
Systems reconnected
We reconnect the point-of-sale system The Tailored Closet requires, its job scheduling and invoicing system and your payroll to the books.
Records collected
We collect the files, workpapers and logins your current bookkeeper holds.
Analytics package
Each month we compare your results with the figures in The Tailored Closet’s 2026 FDD.
First close on time
We close your first month with us by the 15th of the next month.
Timeline
- 1Kickoff5 business days
We hold a kickoff call and request access to your current books.
- 2Review10 business days
We send written findings, a scope and a price.
- 3CleanupSet in the scope
We fix the errors we found and rebuild the accounts.
- 4CutoverYour switch date
We move your systems to the new books and lock the opening balances.
- 5First closeBy the 15th
We close your first month and send your reports.
We set your switch date at a month end. Your current bookkeeper closes the month before it, and we close every month after it.
What we check in your current books for The Tailored Closet
Reconciliations
Every bank, card and loan account matched to its statement.
Royalty and fees
The Tailored Closet charges recalculated from your sales and checked against Item 6 of the FDD.
Uncategorized items
Transactions left uncategorized or recorded as miscellaneous expense.
Balance sheet
Loans, payroll liabilities, sales tax and owner money explained.
Franchise fee and build-out
Recorded as assets and spread over the years they cover.
The Tailored Closet reports
The books produce the monthly report The Tailored Closet asks for.
The Tailored Closet figures from the FDD
The Tailored Closet’s 40 single-territory franchisees open all of 2025 averaged $506,934 of sales, with a median of $322,264, according to Item 19 of The Tailored Closet’s 2026 FDD, issued 20 March 2026. The Tailored Closet’s Item 19 covers 66 franchisees holding 136 territories, all but one of The Tailored Closet’s territories open for all of 2025. Fees paid to The Tailored Closet come to about 6.59%* of sales.
The Tailored Closet’s 2026 FDD estimates in Item 7 that opening one location of The Tailored Closet costs $177,130 to $270,650, including the $19,950 initial franchise fee.
2 The Tailored Closet locations opened in the last year that Item 20 of The Tailored Closet’s 2026 FDD reports.
At the end of the last year that Item 20 reports, The Tailored Closet had 1 franchise agreement signed for a location not yet open.
Send us to start
- Your signed franchise agreement with The Tailored Closet.
- The Tailored Closet’s current FDD.
- Your last 12 months of financial statements.
- Your last 12 months of The Tailored Closet reports.
- Last year’s tax return.
- Your loan agreements and statements.
Access we need
- Accountant access to your current QuickBooks file.
- Your payroll processor.
- The point-of-sale system The Tailored Closet requires.
- The job scheduling and invoicing system.
- The Tailored Closet reporting portal.
- Your invoice and expense software.
- View access to your bank accounts and credit cards, with no power to move money.
- How you want inventory tracked.
- The files, workpapers and logins your current bookkeeper holds.
Questions from The Tailored Closet owners switching bookkeepers
Can I switch my books for The Tailored Closet partway through the year?
Averan sets your switch date at the end of any month you choose.
What do you check in my current books for The Tailored Closet?
We check that every account matches its statement, recalculate recent royalty and fee charges from The Tailored Closet, clear uncategorized transactions, explain every balance sheet account and confirm the books produce the report The Tailored Closet asks for.
Who owns the QuickBooks file?
You do. If you already have a QuickBooks Online file, we work in it with accountant access. The file stays yours if you leave.
* Averan Advisors calculation from the figures in The Tailored Closet’s 2026 FDD.
Where to next
Talk to us about switching your books for The Tailored Closet
Send the short form for The Tailored Closet conversion package, or book a 30-minute call about your current books and your switch date.
Request the conversion package → Book a 30-minute call