Without a reliable bookkeeper, you may not have the time or experience to track your franchise revenue and expenses. Poor maintenance your of accounts can lead to cash flow issues and staffing problems due to off-base sales reports. Franchise bookkeeping involves additional audits and compliance checks far beyond what’s involved with an independent small business….

Are the value of your assets and liabilities now zero because of the start of a new year? Your car, electronics, and furniture did not suddenly lose all their value, and unfortunately, you still have outstanding debt. Therefore, these accounts still have a balance in the new year, because they are not closed, and the…