Ultimate Guide to Retail Franchise Accounting: Multi-Unit Bookkeeping, Royalty Fees, Tax Prep & Compliance (ASC 842/606 Expertise)
Running a retail franchise? Mastering multi-unit bookkeeping, royalty fees, tax prep, and ASC 842/606 compliance isn’t just smart—it’s critical. The International Franchise Association (IFA) 2024 data shows royalties eat 14-18% of gross sales, while IRS 2024 audits hit 38% of multi-unit operators with $1,200+ late fees. This 2025-updated guide reveals how to slash errors (QuickBooks…