Connect with and learn from others in the QuickBooks Community.
How do you record initial Franchise Fees and monthly royalty payments in QB Self-Employeed?
Go to Solution.
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
View solution in original post