EVERYTHING YOU NEED TO KNOW ABOUT FRANCHISE ACCOUNTING
- zaraatkinson0011
- Oct 3, 2022
- 1 min read
Hi there,
Sometimes you need professional help and cannot do everything on your own. Thus, I hired a franchise accountant much before I purchased the franchise because they are needed at every step of the way. From finding a suitable loan for the initial franchise fee to paying the royalties and marketing fee on time, he has been working with me tirelessly. He taught me about the GST payments to the franchisor and claiming credits from the ATO. We have been doing the payroll and inventory together and it has been incredible to learn the tricks of accounting from him. If you wish to know more about their role, do read the article shared below.
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