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tinalyn123
tinalyn123
Experienced Member
posted
‎03-03-2019 10:04 AM
last updated ‎March 03, 2019 10:04 AM

Franchise Fees

How do you record initial Franchise Fees and monthly royalty payments in QB Self-Employeed?

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Best answer 03-04-2019
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Rustler
Rustler
Established Community Backer ***
‎03-04-2019 03:55 AM

Re: Franchise Fees

in QBSE you can not

the initial franchise fee is supposed to be booked as an intangible asset, QBSE does not have a balance sheet nor will it allow you to create one, or any other type of account either

 

You need to move to QBO or a fully functional desktop QB

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Rustler
Rustler
Established Community Backer ***
‎03-04-2019 03:55 AM

Re: Franchise Fees

in QBSE you can not

the initial franchise fee is supposed to be booked as an intangible asset, QBSE does not have a balance sheet nor will it allow you to create one, or any other type of account either

 

You need to move to QBO or a fully functional desktop QB

Reply
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