Franchise


I

Ian

I'm very new to filling in accounting details and would like some advice if
anybody can help. I work as a driving instructor who pays a franchise to a
company. Some of my clients pay me in cash/cheque, some pay the franchise
company direct. I pay some monies to the franchise company, some I keep, I
then get billed a weekly amount for the franchise. Anything left over is paid
back to me. Can anybody help me in setting up these payments in MS
Accounting? Any help would be greatly appreciated. Many thanks.
 
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D

DL

microsoft.public.uk.moa is the UK suport group, you have posted to what is
primarily the US group.

Broadly;
You set up a supplier - the Franchise Company -
The individuals who pay direct to you could also be set up as sales Clients,
rather than invoice them (unless you bill them for a complete series of
lessons, and they pay after each one) use Batch receipts.

How you deal with the franchise Company depends on what or how they show
payments & receipts on their bills they send you.
I would have thought your Franchise Company would have been able to offer
advice on this matter, even if applicable only to Sage the details can be
ported over.
Or your accountant could advise you - but as said it would be neccessary to
see the Franchise Companies bills to you in order to ensure the correct
accounts are used
 
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I

Ian

My apologies for posting to the wrong group, but thank you for your helpful
reply.

Thanks.
 

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