Managing royalty fees, advertising funds, initial franchise fees, and support services demands meticulous attention to detail. If you’re looking for an expert to help balance your franchise financials, contact Bookkeeping Express today. To be successful, you need each one of your franchises to operate in a consistent manner. Basics of Franchise Accounting Virtual franchise bookkeeping […]

Single-entry bookkeeping is a straightforward method where one entry is made for each transaction in your books. These transactions are usually maintained in a cash book to track incoming revenue and outgoing expenses. You do not need formal accounting training for the single-entry system. While the basics of accounting haven’t changed in over 500 years, the practice of bookkeeping has. […]

Instead of directly recording these transactions as separate deposits into your bank account, you can use the Undeposited Funds account to record a lump sum deposit that will match your bank statement. You will see Undeposited Funds as the default « Deposit to » account when you receive payments from invoices, use a payment item on an […]