The Basics of Accounting For Franchises
                     The Basics of Accounting For 
Franchises
Buying a any franchise is very difficult decision, before buying 
we have to look on so many things
. Franchise Accounting & tax guides you on everything.
 
Sorts of records in book keeping
when you purchase or sell products and
 ventures, you should refresh your Business
 Structure for a franchise by recording the
 exchange. Organizations list their records 
by making a graph of records (COA). 
Kinds of records
Organizations have numerous records ,
 Each records have following record:
1.Asset
2.Costs
3.Liabilities
4.Value
5.Income
Asset accounts
Asset is a kind of property that enhance 
your business.
Business ledgers
Business ledger class include:
1. Finance
2. Protection
3. Lease
liability accounts
1.     Finance Tax Liabilities
2.         Deals Tax Collected
3.      Credit Memo Liability
value accounts
1.   Proprietor's Equity
2.       Basic Stock
3.       Held Earnings
Thank YOU
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