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Mar 3, 2019 6:04 PM UTC
Solved

Franchise Fees

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

Rustler
RustlerAnswer
Mar 4, 2019 11:55 AM UTC

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
Mar 4, 2019 11:55 AM UTC

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