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Experienced Member

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

Accepted Solutions
Established Community Backer ***

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

1 Comment
Established Community Backer ***

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