Posts by paynegeo

The franchisor is responsible for coordinating financial statements from all the franchise units, while the franchisee manages the day-to-day accounting process of each unit. Franchise accounting is essential for the…

After this, you will be able to work with your data and build your prognosis. For more details on this, you can refer to our article on preparing a cashflow…

Again, there will need to be modifications made if there are inconsistencies. Ensuring the overall credit balance and total debit balance are equal is the goal of this phase. The…