For example, on our $23,998.50 gross commission, we need to account for a 7% franchise fee. For example, you may have to pay franchise fees or royalty fees if your brokerage is part of a larger entity, or if referral fees to another brokerage are…

You’ve probably heard of a P&L statement, and it’s probably giving you a headache just thinking about it. That’s because you’ve already done the heavy lifting by collecting all the data points. All that’s left is to sum up your revenue streams and subtract the…

To tie all the above points into one, a childcare accounting software makes financial management easier for business owners. When you need to upgrade your childcare accounting, software is a great option. Setting up healthy accounting habits when you’re starting a childcare business sets you…

Content Accounting Definition of Self Balancing Accounts Where do we show this in the Ledger Account? Double Entry Accounting: Find Your Balance Sub Totals !! Balance — Carried down (c/d) or Carried forward (c/f) Thus, if the sum total of all debits in an asset…