Franchise

You can add it as an item or an account depending on your accounting views on how to track it in QBO, @Thats_Spicey.

If you want to enter the Franchise Fee on sales transactions like sales receipts or invoices, simply include it on the line item by selecting +Add new. Once done, you can choose a non-inventory or service item. Enter the fee details and name it Franchise Fee, then select the right Income account. Then hit Save and close to record this in QBO.

However, you can add it to the Chart of accounts (COA) if you add the Franchise Fee as an expense or an income category in QBO. Just click the Gear/Settings icon on the upper right and then select Chart of accounts. Hit the New button and then choose the right account type and then name it Franchise Fee, then click Save and Close.

You can reference these articles for more details:

• Add an account to your chart of accounts in QuickBooks Online
• Add product and service items to QuickBooks Online

Also, I recommend inviting your accountant to get advice on the account to use for this specific item or category for an accurate tracking.

Let me know if you need anything else aside from adding an item or category in QuickBooks. I'm always around to help you. More power and have a prosperous day ahead!