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Post Info TOPIC: Franchise
Beverley


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Franchise
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Hi all has anybody had a client who has a franchise? Just wondering which code to use for the fees, didn't want to use 79xx since they are not bank charges etc, I was thinking of using a code in the professional fees range - any ideas?? 



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Cheshire


Master Book-keeper

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I look after a client who has a franchise and their Franchisor direct their clients to use Balance Sheet nominal code 1060 Franchise Fee (and 1061 Franchise Fee Amortisation) - as I use sage I set them up as 0060 and 0061. Hope this helps

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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