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March 3, 2019
Solved

Franchise Fees

  • March 3, 2019
  • 1 reply
  • 0 views

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

Best answer by Rustler

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

1 reply

Rustler
RustlerAnswer
Level 15
March 4, 2019

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