Franchise Owner’s Guide to Bookkeeping 2012
-
Upload
cbmoore1001 -
Category
Documents
-
view
214 -
download
0
Transcript of Franchise Owner’s Guide to Bookkeeping 2012
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
1/26
FRANCHISE OWNER’S
GUIDE TO
BOOKKEEPING
ANAGO CLEANING SYSTEMS, INC.
1100 PARK CENTRAL BLVD SOUTH, SUITE 1200
POMPANO BEACH, FL 33064
PREPARED FOR FRANCHISE OWNERS
R!"#$ 11%02%11
T& G'"$ () F*+-&"# B))/"# (& /*)/*( ) A+) C+" S#(5#, I-.,
+##"$ () (& F*+-&"# O* "#($ +7)! )* (&+( /*#)8# '#. I( "# "($$ +# +**- ()) ). T&"# 5+'+ "# )( "($$ () */+- (& $ )* /*)##")+
+--)'(" #*!"-# )* (& 7'#"## )*. T+9 +# +$ 7'#"## *'# -&+ +$
F*+-&"# )*# #&)'$ ++# *(+" (& #*!"-# ) + /*)##")+ +--)'(+(.
E$"($ 7: S.D. S+!+
T. M. M)"-+ ;A+) C+" S#(5#
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
2/26
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
3/26
TABLE OF CONTENTS
INTRODUCTION TO FRANCHISE ACCOUNTING.........................................................................1
I. OPENING A NEW BUSINESS.............................................................................................. 2
WHAT TYPE OF COMPANY SHOULD I FORM=................................................................2
WHAT KIND OF COMPUTER SHOULD I BUY=................................................................2
SHOULD I ENGAGE AN OUTSIDE PAYROLL SERVICE=...................................................2
II. B+ A--)'(#.................................................................................................................3
D/)#"( S"/#...............................................................................................................3
D"#7'*#5(#............................................................................................................4
P(( C+#&.................................................................................................................. >
C+#& C)(*)............................................................................................................... >
L+7)*.......................................................................................................................... 6
L)+#.......................................................................................................................... 6
III. TA?ES.............................................................................................................................@
IV. FINANCIAL REPORTS.......................................................................................................
V. INCOME SOURCES......................................................................................................... 10
T+9+7 S+#............................................................................................................10
M"#-+)'# D/)#"(#.............................................................................................10
M"#-+)'# R-"/(#.............................................................................................11
C+#& R-"/(#...........................................................................................................11
VI. E?PENSE AND OWNER ACCOUNTS...............................................................................12
A$!*("#"............................................................................................................... 12
A'()5)7"...............................................................................................................12
C)55"##")#............................................................................................................13
C)(*"7'(")# D)+(")#........................................................................................13
D/*-"+(")%A5)*("+(")........................................................................................13
I(*#(.....................................................................................................................14
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
4/26
M+# +$ E(*(+"5(..........................................................................................14
M$"-+ E9/##.....................................................................................................14
O- #'//"#..........................................................................................................14
O-* S++*............................................................................................................14
O* D*+#%D"!"$$#%D"#(*"7'(")#.......................................................................1>
P(( C+#&................................................................................................................1>
R(..........................................................................................................................1>
R)+(%F*+-&"# C)#(#............................................................................................16
S'7-)(*+-()*#%C)(*+-( L+7)*%C+#'+ L+7)*%I$/$( C)(*+-()*#..................16
S'//"#.................................................................................................................... 16
T*+!........................................................................................................................16
U# ) H)5.............................................................................................................1@
U(""( +$ R( D/)#"(#..........................................................................................1@
U(""( 9/##........................................................................................................1@
O(&* I(5#...............................................................................................................1@
S&+*&)$* L)+#....................................................................................................1@
C)*/)*+( S()-........................................................................................................1
VII. $)-'5(+(")............................................................................................................1
VIII. &) () +" " 7'#"##................................................................................................20
I?. &) () #'--$ " 7'#"##..........................................................................................21
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
5/26
INTRODUCTION TO FRANCHISE ACCOUNTING
W&" F*+-&"## +* +-'"*" (& )$ () #(+*( '/ +$ *' (&"* 7'#"## (&
5'#( +#) (+ ) (& *#/)#"7""( ) /" *-)*$# +$ +--)'(" )* +-& -+#&
(*+#+-(") (&+( )--'*#. B-+'# (&"# +-("!"( *'"*# + )( ) $(+" )* +$ 7-+'# 5'-&
) "( "# (-&"-+ " +('*, "( "# *-)55$$ (&+( (& F*+-&"# O* + + )-+
+--)'(+( &) " $"#-'## (& *+("! -)5/9"( " (& (+9 +# +# +# (& #/-"-/*)-$'*# () )) ) + $+ () $+ 7+#"#.
T& /*'$( 7'#"## /*#) #&)'$ '$*#(+$ (& "5/)*(+- & ))$ +--)'("
(-&"'# 7(# (& 7)(()5 " " +$$"(") () 7-)5" +5""+* "(& +--)'("
(*5")) (&+( " 7 -)'(*$ " !*$+ 7'#"## )/*+(")#.
I( "# (& /'*/)# ) (&"# 5+'+ () ()'-& '/) + (&# +#/-(#. W&" "( $)# )( "($ ()
7 + 7+#"- -)'*# " +--)'(", )* () +#* + ) )'* #/-"- '#(")#, (&"# +--)'("
5+'+ #&)'$ "! )' + ) &) () */)*( )'* "-)5, &) () -)(*) )'*
9/##, +$ &) () /+ (& +#( #(+('()* (+9# ) + ("5 7+#"#.
A )*5# 5(")$ " (&"# 5+'+ +* +!+"+7 "(&* *)5 )'* +--)'(+( )* )' -+)*$* (&5 *)5 (& U.S. G)!*5( /*"(" )-. C)#'( C"*-'+* E )* /&) '57*#
+$ +$$*###. D) )( #()-/" (&# )*5# " + *+( '+("("# +# (& )!*5( " "(#
""( "#$)5 ## (& $ () -&+ (& )) +$ )*5+( ) "(# )*5# "(&)'( )("- )*
*+#), +# +# -&+" *'"*5(# )* -)5/'(* "#.
1
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
6/26
I. OPENING A NEW BUSINESS
FRANCHISE ACCOUNTING &+# (& #+5 I(*+ R!' S*!"- *'+(")#
+# "# *'"*$ )* + #5+ 7'#"##. Y)'* F*+-&"# L"-# A*5(
*'"*# (&+( )' )/ + #/+*+( 7'#"## 7+" +--)'(. T& -)5""
) /*#)+ '$# "# )( +)$ +# /* )'* +*5( "(& A+). O
() + #'--##' )/*+(") "# () &"* )* *(+" + +--)'(+( " )'* +*+. T&"#
/*#) #&)'$ 7 +5""+* "(& #5+ 7'#"###, 7 +!+"+7 () +#* '#(")# $'*" (&
("* +*, +$ "#(*'-( )' ) 5(" + (+9 " $+$"#. T&* '#(")# )' #&)'$
+# )'* +--)'(+(:
WHAT TYPE OF COMPANY SHOULD I FORM=
N)( + +# '#("). W&+( )*# )* ) /*#) $)# )( ++# )* )*
+)(&*. Y)'* F$*+ -"("#&"/ #(+('# "# + +-()* +# "# (& /*#)+ +(& )' &+! +( *"#.
G*+, (& 7(# ) + S "-)*/)*+(") )'("& + C -)*/)*+(") +$ + LLC &+#
+$!+(+# )!* 7)(&, 7'( ) + "$"!"$'+ 7+#"# )' $ () $"#-'## (& /*)# +$ -)# "(&
)'* +--)'(+(.
WHAT KIND OF COMPUTER SHOULD I BUY=
A 5'-& +#"* '#(") )'$ 7J '## )' +* '"( )$+7 +7)'( -'**(
+!+"+7 &+*$+* +$ #)(+*, )* ) + -)5/'(* &+!" 7'#"## #)(+*,
(& $) )( /'( 9-##"! $)+*# "() + -)5/'(* +( (&"# ("5. G( + 7+#"- )*
-)5/'(*. Y)'* 5+" 5/&+#"# "# +*" + "!", +$ + -)5/'(* " )
$(*+-( *)5 (& ("5 $$ () 5++ +$ #'/*!"#. T& 7'#"## /'*/)# )
+ -)5/'(* "# () #*! 5++5(. E!('+, )' 5+ /'*-&+# + '/*+$$-)5/'(* " )'* *+#) "# () +-""(+( $ *#'(# " +#(* +$ 7((* -)-(")#, *+(
+--'*+( -'#()5* 7""#, #$ )'( /*)5)(")+ 5+(*"+, &+! 7((* -+#& -)(*), )*
5+"(+" -'#()5* "#(#. T&# +* 7'( + 9+5/#.
SHOULD I ENGAGE AN OUTSIDE PAYROLL SERVICE=
T&"# "# (& ) (/ ) #*!"- (&+( "# " )'* 7#( "(*#(: T& ) (&+( $# )'*
-)#"$*+("), "(&* ) )* +(*. T"5" "# (& '#("). I )' &+! ## (&+ (&*
5/)#, "( /*)7+7 $)# )( /+ () '# + /+*) #*!"-. A#), )- "() + /+*) #*!"-
)' $ )'& /)#"("! -+#& ) () /+ (+9# +# "#(*'-($ 7 (& /+*) #*!"-. N)('#" + /+*) #*!"- *'"*# + -+*' *+$" ) (& +--)'(" #-(") ) LABOR. ;P+
6.<
2
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
7/26
II. BANK ACCOUNTS
A #/+*+( 7+ +--)'( "# *'"*$ 7 (& F*+-&"# L"-# +*5(. B+ *'"*5(#
() )/ + +--)'(, &(&* /*)/*"()*#&"/ )* -)*/)*+(, !+*"# #"&( *)5 7+ () 7+,
7'( + 7+# ) *'"* + F$*+ E5/)* I$("-+(") N'57* ;FEIN< +( ("5 ) )/"
(& +--)'(. T) )7(+" (&"# '57* (+# +# "(( +# + !5"'( /&) -+ () + #/-"+
I(*+ R!' S*!. /*#) " )'* +*+. Y)'* +--)'(+( " /*/+* )*5 SS4 +$
+##"#( )' " 5+" (&"# -+. A$$"(")+, )'* 7+ 5+ *'"* + )--'/+(")+ "-#.
Y)' " $ () ) () (& C"( )* C)'( L"-#" D/+*(5( )* (&"# )*5, " -##+*.
K/ + *-)*$ ;-+-$ -&-# +$ *-"/(#< ) + /*#)+ -&-# )' "##' /*")* ()
#(+*(" (& 7'#"## 7+ +--)'(. W&(&* () 9/# )* C+/"(+" (&#/+)'(# +* + 5+((* )* )'* +--)'(+( () &+$. C)5/'(*# &+! )(
$) ++ "(& (& *((") ) $)-'5(#. E+-& ("5 )' *"( + -&-,
$/)#"( + -&-, #$ )'( + 7", )* /+ -+#& )* + 7'#"## /'*/)# )'
*-"! )* -*+( #)5 $)-'5(+(") " *"(". I( "# "5/)*(+( (&+( (&# /"-# ) /+/*
$) )( ( )#( )* $#(*)$. E+-& " "(# ) + #'7#(+("+(# + 7'#"## +-("!"( +$ "
" 7 *'"*$ () 7 /*)$'-$ " (& -)'*# ) + I.R.S. +'$"(, #&)'$ (&+( !* &+//. I(
7-)5# ) + 5+((* ) $"#-"/" +$ *)'(". K/ )'* " ##(5 #"5/ +$ ) +
*'+* $+" 7+#"#.
T&"# 5+'+ +( $"*( ("5# 5+ "! )' () +# ) $)" #)5(&", 7'( )- )'
&+! -($ () $) "( ) +, (& #(+ "(& (&+( /*)-$'* '(" (&* "# ))$ *+#) ()
-&+.
DEPOSIT SLIPS
D/)#"( #"/# #&)'$ 7 5+$ )'( " $'/"-+(. E"(&* &+! (& 7+ !+"$+( )'*
-)/ )* *-"! (&"* !+"$+(") ("-( +$ +(* +((+-& (& ("-( () )'* $/)#"( -)/. R(+"
(& -)/ -&*)))"-+ " "(# 7))( )* #(+/ #+5 () )'* -&- #('7 &* )' (*$
(& $/)#"( ()(+.
S(/ ): M+" )'( + $/)#"( #"/ "# + "5/)*(+( *-)*$ ) &) /+"$ )'. W&" #)5
7+# *'#( (&"* +--)'(# () '# + '5*"-+ 5(&)$ ) *"(" " (& -&- )*8#
+5, *-)55$ )' *"( (& +5 +# "( +//+*# ) (& -&-. S&)'$ + /+*("-'+*
-&- 7 *)5 + #)'*- $"*( (&+ )'* *-)*$# (& *"( )'* -'#()5*8# +5 '#(
7) (& +5 ) (& -&-. Y)' 5+ (& $ () -&+ )'* *-)*$# () (& +5
)* " /'*/)## +$ )* '('* 7"" /'*/)##. I( "# + ))$ "$+ () 5+ + -)/ ) + -&-
7)* $/)#"(" "( & (&* "# + $ () *(+" #)'*- ")*5+(") -)(+"$ ) +
/+*("-'+* -&-, #/-"+ " (& -&- "# *)5 (& U.S. T*+#'*.
3
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
8/26
S(/ (): M+* (& $/)#"( $+( +# /+"$ ) )'* *-)*$# ) (& )/ *-"!+7 )* +-&
-&- $/)#"($. T& (& /+"$ *-"!+7 "!)"- "() (& /+"$ -'#()5*8# .
S(/ (&*: A$$ (& +5)'(# ) (& $/)#"( #"/ +$ /+- " #/+- /*)!"$$. B #'* () ()(+
-&-# +$ -)*5 #+5 ()(+ +# /+-$ ) $/)#"( #"/. A $"#-*/+- $# () 7
-&-$ )'(.
S(/ )'*: B #'* () $)*# -&-# 7)* )" () (& 7+. Y)'* 7+ " )*$* +
$)*#5( #(+5/ )* )'* -)!"- " $)" (&"# *)'(".
S(/ !: I C+#& "# $/)#"($ "() (& +--)'(, + )(+(") $# () 7 5+$ ) )'*
$/)#"( -)/ +# () (& #)'*- ) (&"# -+#&. I# "( "-)5 )* + )+= S"- (& IRS -)#"$*#
+ *-"/(# +# "-)5, '## )(&*"# $)-'5($, )' 5'#( *-( + $/)#"(# (&+(
+* L)+#, R('*#, R'$#, R/+5(#, )* R$/)#"(#, (-. A# () )+# 5+$ () (&
7'#"## /+# -)(+-( )'* +--)'(+( )* /*)-$'*# () )). ;S LOANS, /+ @.<
DISBURSEMENTS
D"#7'*#5(# +* 5)#( )( $) 7 -&-. W&!* )' #" + -)(*+-(,
+* () /'*-&+# + /*)$'-( )* #*!"-, )* " + )(&* + -)55"( )'* -)5/+ () +
)7"+(") "( "# 7#( () 5+ /+5( 7 -&-, 7)(& +# /*)) ) /+5( & (& -&-
-+*# +$ +# + *-)*$ () '# & 7))/" "# *'"*$. T/# ) -&-# +$ -&-
*"#(*# !+* *)5 7+ () 7+. T& (&* () + /+ *+ )*# 7#( +# (& #('7
/*)!"$# )'& #/+- () *-)*$ $/)#"(#, /'*/)# ) -&-, +$ + )(&* )(# )' "#&
() 5+ ) (& #('7 #"$.
S(/ ): W*"( )'( (& -&- " (& /*#-*"7$ 5+*.
S(/ (): F" " (& #('7 "(& -&- ")*5+("): +5 $+(, /+*8# +5, +$ +5)'( )
-&-.
S(/ (&*: A(* *-)*$" (& $/)#"(# )* (& $+ ) (& #('7, ()(+ $) -+#& 7++-#
(&*)'& (& +#( -&- )* (& $+.
S(/ )'*: E+-& -&- *"(( &+# + *+#) )* /'*/)#. I$"-+( ) (& #('7 (&"# *+#), #'-&
+# (& 9/# +--)'(, )* )( /+5(, *'$, )*8# $*+, (-. A# )' $) )( +( ()
!* /+ ("- )* (& #+5 #*!"- )* /*)$'-( (+ (& ("5 () *"( )'* -&- '57*
+$ (& )*$ /+"$ ) (& "!)"-, )( )* )(&* )*""+ $)-'5( )' +* ) /+"
S(/ !: A(* (& "!)"- &+# 7 /+"$ " ', "( ++ " )'* +* !$)* #. Y)'
" " +( (&"# 5+"(+"$ +/&+7("-+ +# (&"# /*)!"$# )' "(& '"- +--## ()/*!")'# /+"$ 7"# #&)'$ )' ;1< +( () ) (& /*"-# ) #)5(&" /*!")'#
/'*-&+#$, ;2< &) 5'-& 7'#"## )' &+! "! + ) #'//"*, +$ ;3< () &)/'
"#'* (&+( + $'/"-+( "!)"- $)#8( ( /+"$ ("-.
L+#(, #"- )' " )( " &+! + "!()* ) 5*-&+$"# () #, )'* +--)'(+( "
*-)55$ )' 7 ) + -+#& +--)'(" 7+#"#. A '/+"$ 7"# )* 9/# "!)"-# -+ 7
/( " + '/+"$ "(&* +/&+7("-+ )* 7 $' $+(. T&"# $)# )( -)#("('( +
4
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
9/26
9/# () )'* )/*+(")# '(" #'-& ("5 +# )' "(&$*+ + "!)"- +$ /+ "(.
R557*, $+" )* +( /+5(# 5+ -+'# )' () )# + !+'+7 #'//"*.
>
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
10/26
PETTY CASH
R"57'*#5(# +* )* 5")* 7'#"## 9/## ) /+# )* "(& -+#& *)5
(&"* /)-(, #'-& +# ', )- #'//"#, + -"( 5+, ) (& #/)( '"/5( *(+,
#'$* )7 #'//"#, (-. S"- (&"# -+#& -+5 *)5 )'* ) '$# )' $ () *"57'*#
(&"# -+#& *)5 (& -)5/+ 7+ +--)'( #) +# () (&*7 ( + +)+7 $$'-("). T&
5+" /)"( "# )* )' () ( + 7" )* *-"/( )* + -+#& /+"$ )'(. I( #&)'$ 7 $+($, #(+(
&+( (& /*)$'-( )* #*!"- "#, #&) )'* -)5/+ +5 ) (& 7", +$ 7 #"$ )*
&+$$ 7 (& /*/+**. I( 5+ 7 -##+* () 9/+" &) (& /*)$'-( )* #*!"- +# '#$
7 )'* -)5/+ " !* +'$"($ 7 + (+9" +'(&)*"(.
CASH CONTROL
C+#& C)(*) #&)'$ 5+9"5" -)5/+ "-)5 +$ 5""5" 9/##. A
$/)#"(# )* &"-& (& 7+ +"# () "! )' -*$"(, + $'/"-+( !$)* /+5(#, +
'+'(&)*"$ #"$ -&- -&+*$ 7 (& 7+ () )'* -)5/+ +--)'(, + )+# "!
() 5/)# &) +" () /+ 7+-, + #() +##( )* $+5+$ '"/5( *'"*" */+"*#
+ +("! +-( (& 7)(()5 " -+#& ).
S(/ ): I55$"+( '/) *-"!" )'* 7+ #(+(5( ;'#'+ 7 (& >(& )* 6(&
)*" $+ ) (& ))" 5)(&< )' #&)'$ )/ (& !)/ +$ -&- ) $/)#"(# )
(& #(+(5( () )'* $/)#"( #"/# )* (& /*")$. A 5"##" "(5 " 7 (+ '/ "(&
)'* 7+. ;U/)#($ $/)#"(# +* !* *+*, #) " )' &+! 5)* (&+ ) 7+ +--)'( 7
) (& +(-& )* $/)#"(# 7" *-)*$$ 7 )' " (& *) -&- 7))
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
11/26
$ () "! ' $"#-)#'* () )'* +--)'(+(. W& (& 7'#"## 7"# '#" !&"-;#
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
12/26
III. TA?ES
A +7)*%+ " A5*"-+ "# (+9$. A# + 5/)*, )' +* *#/)#"7 )* (&
-)-(", *5"((", +$ */)*(" ) (&# (+9#.
F$*+ S)-"+ S-'*"( (+9# +$ M$"-+* (+9# +* -)5/'($ +( (& *+(
$(*5"$ 7 IRS ;C"*-'+* E<
E5/) W"(&&)$" +5)'(# +* $(*5"$ 7 -)5/+*" *)## +# )* +
/+*("-'+* /*")$ "(& (&+( /*")$ #&( " (& F$*+ C"*-'+* E 7))(. C&- (&
5/) W4 )* " #(+('#.
R5"((" "# $) ("5 +$ /*")$"-+ ) )*5 10B. T& ()(+ () *5"( "#
-)5/'($ 7 +$$" (& 5/) "(&&)$" +5)'( () (& #)-"+ #-'*"( +$M$"-+* $$'-(")# /'# (& 5+(-&" 5/)* (+9# ;# +--)'(+( )*
*+(#%+5)'(#(& ) (& 5)(&< A((+-& (&
7+8# !+"$+(") #"/ () )'* -&- #('7 )* "() () )'* 10B 7))(.
C'**(, + $*+ '5/)5( (+9 ;FUTA< "# +#) /+"$ ) *#( @000 /+"$ () +-&
5/) " + -+$+* +*. T&* +* ) FUTA (+9# $' ) +# /+"$ " 9-## )
@000 $'*" (& #+5 -+$+* +*. T& *+( ) (+9 "# $(*5"$ 7 (& +5)'( )
S(+( '5/)5( (+9 )' /+ )* +-& ) )'* 5/)#. C&- "(& )'*
S(+(8# D/+*(5( ) R!' )* *'# +$ *+(#. G*+, (& */)*(" +$
+'+ /+5( ) (& F$*+ U5/)5( (+9# "# -)5/'($ ) )*5 40.
B-+'# + ) (&# U5/)5( )*5# +* -*)##5+(-&$ 7 (& I(*+R!' S*!"- #)5("5# +(* (& -)# ) +-& +*, "( "# "5/)*(+( (&+( )'*
+--)'(+( )* P+*) #*!"- -)*5# (&+( (&# U5/)5( ()(+# +* "(&
(& A'+ E5/)*# W+ )*5 W3 #'55+*. S)5 #(+(# $) &+! + "-)5
(+9#, #) )' 5'#( -&- "(& )'* #(+( )* ")*5+(") ) /*)-$'*# () ))
*+*$" "(&&)$", *5"((+- +$ (&"* */)*(" *'"*5(#.
T&* +* )(&* 7'#"## (+9# $" )'* +(((") +#). D/$" ) )'*
-)*/)*+( #(+('#, )' 5+ &+! () /+ C)*/)*+( I-)5 T+9, C)*/)*+( I(+"7
T+9, C)*/)*+( T+"7 T+9 +$ /)##"7 + S(+( S+# T+9. Y)'* +--)'(+( &+# (&
""("+ )*5# +$ " '"$ )' #&)'$ + ) (&# (+9# 7 *'"*$. I( #&)'$ 7
+$$$, (&)'&, (&+( 5)#( #(+( #+ (+9 "# $' /*")$"-+ ;'#'+ 5)(&< #&)'$
)' 7' 5*-&+$"# )* /+*(# )* *#+. Y)' 5'#( -&- "(& )'* #(+(8#
*'"*5(# ) (& -)-(" +$ *5"((+- ) #+# (+9#, " +. I #)5 #(+(#
-)*/)*+(")# 5'#( + +'+ S(+( I-)5 T+9 */)*(, ++" -&- )'* #(+(
*'"*5(#. C)*/)*+(")# (&+( +// +$ +* +--/($ )* + F$*+ S -)*/)*+(
#(+('# /+ ) F$*+ )* S(+( "-)5 (+9 ) )/*+(" /*)(#, +# /*)(# +*
-)#"$*$ D"!"$$ D"#(*"7'(") () S&+*&)$*# +$ (+9$ 7 (& F$*+
G)!*5( () +-& #&+*&)$* +--)*$" () (&"* /*-(+ ) )*#&"/. D' ()
(& -)5/9"( +$ (+9 *+( !+*"+-#, **- "# ++" $"*-($ () )'* +--)'(+(
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
13/26
)* (& /*/+*+(") ) (&# (+9 */)*(#. S)5 #(+(# &+! + I(+"7 T+9 )
-)*/)*+( ( )*(&. S5+ )/*+(")# '#'+ $) )( 9-$ (& 5""5'5 (+9+7
!+'# () ) + (+9, 7'( " #(" 5+ 7 *'"*$. L+#(, /+# ) (&+( -'**(
*+(# -&+, (+9# ( -*+($, *'# +$ *'+(")# -&+, #)5("5#
$*+5+("-+, +$ )' +* *#/)#"7 () )) (&# 5)$"-+(")#. Y)'* +--)'(+(
"# -)#(+( 7" 5+$ ++* ) (& -&+# +$ " +$!"# )' & )' +*
+-($.
P*)/*"(+* )/*+(")# *+ &+! +$!+(+# )!* "-)*/)*+($ )/*+(")# &
+ !('* "# . I( &+# 5/)# /'# +##(#, ## /*"5+*" + #*!"-, &+#
!* "5"($ )/*+(" '$#, +$ (& )* &+# /*#)+ ( )*(& 5)#( "!#($
" + /*#)+ *#"$-.
I + I-)*/)*+($ #(*'-('* (& )*%)/*+()* " 7 ) (& -)*/)*+( /+*) +$
&+! /+*) (+9# $$'-($ #"5"+* () )(&* 5/)#. I + P*)/*"()*#&"/
)/*+(") (& )* -+)( 7 ) (& /+*). T&*)*, (& ( /*)( ) (& +((*
(/ ) 7'#"## " 7 100Q (+9+7 +# +# #'7-( () (& ' +//"-+7 #)-"+
#-'*"( (+9#. T&*)*, (& #5/)$ )* $# () ) &"# ;&*< /*#)+
(+9 #"('+(") '+*(* #) (&+( #("5+($ (+9# ) (& ( /*)(# -+ 7 /+"$ +# $',
+5, +'+* 1>, A/*" 1>, '1>, +$ S/(57* 1>. F)*5 1040ES "# '#$ )*
(&"# /'*/)#. E#("5+($ /+5(# +* )( *'"*$ & (&* "# ) (+9 $' ;'#'+
-+'#$ 7 + )/*+(" )##
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
14/26
IV. FINANCIAL REPORTS
A'+ +-"+ */)*(# "! 5++5( (& )//)*('"( () *!" (& /+#( +*8#
)/*+(")#, () )!*# + /+*)#, () -)# )'( +$ ++ $+ () $+ *-)*$#, +$ 5+
/+# )* (& N Y+*.
A "$"!"$'+# *-"!" +# )* #'7-)(*+-( 5)"# $ () 7 "! #/-"-
"-)5 $)-'5(+(") 7 +'+* 31 ) (& +* ))". A /+*) #*!"-
+'()5+("-+ /*/+*# W28#, W3, 40, 418#, 108#, 106, +$ #(+( )*5#,
" +, " +'+* "(& "#(*'-(")# ) &* () #", +5)'(# $', +$ &* () 5+"
+-& )*5, *#/-("!. W"(& ) + 5/)# )' 5+ "#& () &+! )'*
+--)'(+( $) + ) (& +7)! )*5# & )' "! &"5 )'* *-)*$# )* (& +*
$. I( "# )( *-)55$$ (&+( )' (* () +--)5/"#& (&# */)*(# ) )'* ), +#()(+# ) W28#, 418#, 40, W3 +$ #(+( */)*(# 5'#( + $)!(+" ()(&*. Y)'*
+--)'(+( &+# (& *#/)#"7""( () # (&+( (& 7++- -)**-(.
C)#" )'( (& +*$ )'*+# +$ F"+-"+# *'"*# (-&"-+ )$ 7#(
+!+"+7 () )' 7 )'* +--)'(+(. T"5 +(&*" ) )'* -&-7)) #('7#, 7+
#(+(5(#, /+*) *-)*$#, $/)#"( #"/#, -+/"(+ "5/*)!5( $)-'5(+("), (-.
#&)'$ 7 "! () )'* +--)'(+( 7 +'+* 1>(&. H " /*/+* )'*+#, -)#"
(*"#, + $/*-"+(") #-&$', *!" +$ +" /+*) */)*(#, #'75"( +
/*"5"+* O/*+(" S(+(5( +$ B++- S&(, +$ (& ( )'* +//*)!+ ()
+" +-"+# " )*$* () /*/+* "(&* (& C)*/)*+( F$*+ T+9 R('* )* (&
P*)/*"()*#&"/ S(+(5( ) O/*+(")#.
M+*-& 1> "# (& $+$" () F$*+ -)*/)*+( "-)5 (+9 *('*#, '##
9(#")# +* $ ) ("5. I( "# " )'* 7#( "(*#( () ) ("5, +$ '$* (& S
-)*/)*+( *'# )' $ (& K1 */)*( ;/+*( ) (& -)*/)*+( *('*< " )*$* ()
-)5/( )'* /*#)+ (+9 *('* 7 A/*" 1>(&. T+ (& ("5 () *!" (&# +
+*$ */)*(# 7)* #"" (& (+9 *('*#. D"#-'## + '#(")# )' &+! "(&
)'* +--)'(+( 7)* 5+"" (& (+9 *('*# () (& I.R.S. )* )'* #(+(8#
D/+*(5( ) R!'. S(+( *'# !+* ) (& -)*/)*+( "# +$ $' $+(#.
T& #()*+ ) *-)*$# $# )'* -+*' +(((") )* '#( + #&)*( ("5 +(* (& $
) +-& -+$+* +*. I $'*" (& &) 7'#"## +* )' $ /+"$ *-"/(# )*
9/## " +/&+ )*$* 7 !$)* )* /+, +$ )' $ C+/"(+ +-'"#"(")# "
#/+*+( /*5+( )$*#, +$ + )'* 7+ *-)*$# )* (& +* +* " ) /+-
;+(* 7" *('*$ 7 (& +--)'(+(< )' -+ ) +(&* +$ /+- "() + 7)9 )*
+* P$+9 )$* + /+"$ 9/# $)-'5(# )* (& +* +# +# (& 7+
#(+(5(#, -+-$ -&-#, /+*) */)*(#, ("5 #&(#, +$ $/)#"( #"/#. M+*
(& +//*)/*"+( +* ) (& )'(#"$ ) (& 7)9 +$ "( " + #-'* $* /+-. Y)'*
/*5+( # *5+" " (& )- &* )' " +$$ ")*5+(") () "(&*
5/) # )* 7'#"## +##( +-'"#"(") #.
10
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
15/26
V. INCOME SOURCES
Y)'* *'+* +$ )*5+ -+#& *-"/(# #&)'$ -)5 " *)5 F*+-&"# R!'.
A--)5/+" (& -&- " 7 + 9/++(") ) *)## +*"# ## !+*")'# $$'-(")#
)' " $ () *(+" +$ "! (&# 5)(& */)*(# () )'* +--)'(+( &) " *-)*$
(& "-)5 +$ 9/## +--)*$".
P*/+* $/)#"( #"/ "#( +-& -&- 7 5+*
E$)*# 7+- #"$ ) -&- /*)/* +# $*+
T+ $/)#"( #"/ +$ -&-;#< () 7+ +# #)) +# /)##"7
R-)*$ !+"$+($ $/)#"( )() -&-7)) #('7 "55$"+(
F" !+"$+($ $/)#"( #"/ -)#"#(( " #+5 /+-
TA?ABLE SALES
;If subject to your state law.) S&)'$ )' 5+ + #+ ) 5*-&+$"#%#'//"#
&* (& 7'* )'$ 7 (& -)#'5* ) (& /*)$'-( ;".. + #+ () #)5) &) " )(
*# (& )' 5'#( -&+* )'* -'#()5* + #+# (+9, ;-&- )-+ + )* /*-(+ *+(#
() -&+*
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
16/26
C'#()5*# NSF -&- *$/)#"( ) #/+*+( $/)#"( #"/
N)( ) (& $/)#"( #"/ (&* "# + 7*" 9/++(") )* (& $/)#"(. Y)'* +--)'(+( "
-*$"( (& +//*)/*"+( +--)'( +# #) )($. A )+ "! () (& -)5/+ '#'+ &+#
#'//)*(" $)-'5(+("), '#'+ " (& 5+* ) + )( )* -)(*+-(. R(+" + ) (&#
)7"+()* $)-'5(# " + /*5+( , +$ &+! -)/"# +!+"+7 )* )'* +--)'(+(.
MISCELLANEOUS RECEIPTS
S'-& +# I.R.S. *'$# ) (+9 )!*/+5(# #&)'$ 7 /'( ) #/+*+( $/)#"(
#"/# +#). N)( ) (& #"/ &* )' +* /" + *+($ -)**#/)$- *+(" ()
(&"# /+*("-'+* $/)#"(.
CASH RECEIPTS
T& +#( /)"( *+(" () C+#& R-"/(# "# (&+( + *-"/(# ) 5)"# "#
-)#"$*$ I-)5 () (& 7'#"## '## )' -+ $)-'5( "( +# + )+, *'$, )*
#)5(&" # #&)'$ (&* !* 7 + I.R.S. +'$"(.
C+#& R-"/(# C)#(*'$ I-)5 "-'$# BARTERING I-)5 ;9-&+" )'* #*!"-# )*
+)(&*8# #*!"- )* /*)$'-(
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
17/26
VI. E?PENSE AND OWNER ACCOUNTS
T& ))" -)55(# 7*" $#-*"7 )* 9/+" *'( '#$ 9/# +--)'(#. F)*
#/-"+ (+9 -)#"$*+(")# )* "5/"-+(")# -)#'( "(& )'* +--)'(+(.
ADVERTISING
A$!*("#" $#-*"7# 9/$"('*# )* (& /*)5)(") ) )'* 7'#"##. T&"#
)*5+ )'$ 7 +$!*("#" 5$"+ )* /*)5)(")+ 5+(*"+# /'*-&+#$ () 7 "! )'( ()
/*)#/-(#, (-.
AUTOMOBILE
V&"-'+* 9/## +* $$'-("7 () (& 9(( (&+( )' / -*(+" *-)*$#.
G*+, + 7'#"## '# ) + !&"- "# + 7'#"## $$'-("). T& ))" )/(")# +//:
OPTION 1: A-('+ 5(&)$: S"- + -+* -+ 7 '#$ () 5+ /*#)+ **+$#, )* '# )
!+-+(")#, )* -)55'( 7( *#"$- +$ )- (& + 5"+ *-)*$ "# *'"*$ ()
$(*5" /*-(+ ) 7'#"## '# () ()(+ '#. T)(+ '# "# +# *"( $) )$)5(**+$" (& *#( $+ )' /'( (& !&"- "() 7'#"## #*!"-. A)(&* *+$" "# (+ )
(& +#( $+ ) (& +*. D+" 5"+ "# +#) /( +# "-'**$. T&# *-)*$"# -+ 7 $)
" + #/-"+ +'() ) 7)) )* " )'* 7'#"## +//)"(5( 7)). H)!*, "( "# "5/)*(+( ()
7 -)#"#(( +$ ("5 " (&# /*")$"- *-)*$"#. T& +'() ) 7)) -+ 7 /( " (&
!&"- '#$. E"(&* " (& +'() 7)) )* (& +//)"(5( 7)) )' #&)'$ / (& ))"
")*5+("):
T& /'*/)# ) (& (*"/: D) )7 #) +$ #), (-.
A5)'( ) + -+* 9/##: ', */+"*#, (-.
N'57* ) 7'#"## 5"#: *)5 #(+*( () "#& (&+( $+.
A( +*$ )' (+7'+( (& ()(+ 7'#"## 5"# *)5 ) 7)) *"#(*. D"!"$ 7'#"##
()(+ 7 (& ()(+ ) + 5"# $*"! &" +'() +# " #*!"- (&+( +*. T& *#'("
7'#"## '# /*-(+ " 7 +//"$ ++"#( + -+* ', */+"*#, "#'*+-, +$
$/*-"+("). S&)'$ (& !&"- 7 )$ 7 )'* -)*/)*+(") (& )'* +--)'(+( "
+)-+( (& /*#)+ '# /)*(") ) (&# 7"# () )'* /*#)+ +--)'(. M'("-+* '# )
100Q 7'#"## '# ) !&"- 5+ *'"* $"*( *-)*$" 5(&)$# # )'*
+--)'(+(.
13
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
18/26
OPTION 2: B'#"## 5"+ *+(: U# & (& !&"- "# /*#)+ )$. A(* )" "
(& $+ () $+ 7'#"## 5"# $*"!, )' (+7'+( (& ()(+ 7'#"## 5"# $*"! " #+ +
5)(&. T& *"( + 7'#"## -&- /++7 () (& )* ) (& -+* -)5/'($ +( (& -'**(
*+( ) (&"*( () -(# /* 5". T&"# )/(") +( (&"# *+( -)!*# (& +* +$ (+* ) (& -+*,
' +$ )", (& */+"*#, (-. T& )* 5'#( /+ )* (&# "(5# *)5 &"# ) /)-(.
OPTION 3: T& )* 5+ 9-'(, (&*)'&)'( (& 7'#"## '# ) (& -+*, + +# 7(&"5# +$ (& -)*/)*+("). T& -)*/)*+(") &+# + A'() L+# 9/# +--)'(. T& )*
5'#( / + 5"+ ) *-)*$ " )*$* () $(*5" (& /*-(+ ) 7'#"## '# ;#
O/(") 1 +7)!
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
19/26
INTEREST
I(*#( ) $7( "# $$'-("7 & /+"$ ;-+#& 7+#"#< )* & "-'**$ ;+--*'+
7+#"#
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
20/26
O*# $*+#, $"!"$$#, +$ $"#(*"7'(")# )--'* & (& )*;#< "(&$*+#
'$# *)5 (& 7'#"## )* /*#)+ '#. C+*' *-)*$# ) (&# "(&$*++# 5'#( 7
5+$ +$ "! () )'* +--)'(+( &) " +)-+( (&5 () (& /*)/* ( )*(& +--)'(.
C*(+" 9/# +--)'(# #&)'$ 7 +)-+($ () (&# ( )*(& +--)'(# $' () (&/*#)+ '# -)-/( #'-& +#: ;1< >0Q ) 5+#%(*(+"5( "(& -"(#, ;2< /*#)+ '#
) + -+* & 7'#"## /+# (& ("* 7" )* ', "#'*+-, )* */+"*#, ;3< (&+( /+*( )
(*+! -)#(# *+(" () )7'#"## +5" (*+!", ;4< 9-##"! &)( )* *#(+'*+(
-&+*# )!* +$ +7)! (& "5"(# +)$ 7 (& IRS. T&# +--)'(# +* +-($ " (&
+*$ -)#" (*"# +# /*/+*$ 7 )'* +--)'(+(. C)#'( "(& )'* +--)'(+(
+7)'( (&# "(5#.
PETTY CASH
P(( -+#& 9/$"('*# )--'* & "(&* (& 7'#"## '## -+#& () /+ )*
7'#"## *+($ /'*-&+## )* (& )*% 5/) '# -+#& *)5 (&"* /)-( () /+ )*
-)5/+ *+($ 9/##. P*")$"-+, '#'+ )* 5)(&, )' +(&* ()(&* +
*-"/(# )* (&"# (/ ) #'$* 7'#"## 9/#, (+7'+( (&5, +$ *"( + -&- )* (&
9+-( +5)'( () "(&* )'*#, (& 5/) &) '#$ &"# '$#, )* () -+#&. D) )(
"-'$ +'() 9/## ;', (-.< " (& 5"+ *+( "# 7" '#$. F" *-"/(# "() + P+"$
P(( C+#& !)/, )(" (& -&- '57* +$ $+( /+"$. T& -&- #('7 -+ +)-+(
(& *"57'*#$ 9/## "() (& !+*")'# 9/# -+()*"#J &)!*, +# +5)'(# +*
*+("! #5+ )'* +--)'(+( 5+ #'#( 9/#" (&"# '$* ) &+$". W& )'
)("- ) !$)* */+(" )(, (* () ( (&5 () /+- )' ) + )/ +--)'( )* +
+*$ '/) /*")$ ) ("5 #) +# () 7 +7 () /+ (&5 7 -&- *+(&* (&+ -+#&.
RENT
R(+ ) )-, #()*+, '"/5(, )* !&"-# '#'+ (+"# + /*")$"-
-)(*+-( )* +#, &(&* )* + $+, + 5)(& () 5)(&, )* )* #!*+ +*#. G*+,
*(+ 9/$"('*# +* 9/## () (& 7'#"## )/*+(")#. N!*(&##, $/)#"(# (&+( +*
*'$+7 +* +##(# '(" "(&* *'$$ )* '#$ '/. G"! )'* +--)'(+( -)/"# ) +
+## )' &+! (&+( 9($ 7)$ + +*. Y)' $ () $(*5" +( &+( /)"( "( "# 7((*
() 7' & + *(+ 7-)5# *'( )* "# -)("')'#. S&)/ +$ -)5/+* 7)*
/'*-&+#" + -+* )* '"/5(. G((" *-)55$+(")# *)5 ) '#*# -+ +#) &/ "
-&))#" (& 7#( 7' )* )'* $)+*.
16
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
21/26
ROYALTY%FRANCHISE COSTS
R)+( +$ F*+-&"# -)#(# +* '#'+ $$'-($ 7 (& F*+-&"#)* +-& 5)(&
7)* 5+" /+5(. Y)'* +--)'(+( " *-)*$ "-)5 +$ # *)5 (&# */)*(#.
SUBCONTRACTORS%CONTRACT LABOR%CASUAL LABOR%INDEPENDENT
CONTRACTORS
T&# +* /+5(#, " "-'**$, $' () "$"!"$'+# )* -)*/)*+(")# &) $) )(
'+" +# 5/)#. Y)' #&)'$ )7(+" +$ !*" #)-"+ #-'*"( '57*#, )7(+" '
+$$*###, +$ / + *-)*$ ) /+5(# 5+$ () +-& $'*" (& +*. Y)'* +--)'(+(
" (& /*/+* + 10 )*5 )* +-& /*#) *-"!" 600 )* 5)*.
SUPPLIES
S'//"# ;)( )* *#+< +* + #""-+( F*+-&"# 9/#. Y)' #&)'$ /+ (&
#+# (+9 ) (&# /'*-&+## +# (&# /*)$'-(# +* -)#'5$ " (& /*)*5+- ) )'*
5/)# $'("# +( )'* -'#()5*8# )-+("). S'//"# '#$ " )'* )- " 7 -+##"$
+# + S'// E9/#. A #'// /'*-&+#$ 7 (& -)5/+ 7'( '#$ /*#)+ ;(+
&)5< #&)'$ 7 *-)*$$ " + 55) 7)), +(* () 7 (+7'+($ +$ "! () )'*
+--)'(+( )* /*)/* (* () O* D*+#. R('*# () )'* #'//"*, #'-& +# #/)"+,*) *-"!$ 5*-&+$"#, )* *-+ )("-# #&)'$ 7 $) /*)5/( +$ " (& 5+*
/*#-*"7$ 7 (& #'//"*. R(+" (& -*$"( 55) *-"/( +$ )) '/ (&+( )' *-"!
"(&* + 9-&+ ) '+ !+' )* + -&- )* (& ' +5)'( )' +* ("($ ().
TRAVEL
T*+! +$ O'()T) E(*(+"5( & #'//)*($ "(& (& /*)/*
$)-'5(+(") +* 100Q $$'-("7. K/" + ) 7)) )* + +//)"(5( 7)) ) )'*
7'#"## +-("!"("# " 5)#( )( #+("# '#(")# 7 (& I.R.S. " +5#, /+-#, $+(#, +$/'*/)# ) (& (*+! +* #(+($ (&*". A )7'#"## /*#)+ +5)'(# )* /*-(+#
$ () 7 *-)*$$ " 55) )*5 )* /*)/* +)-+(") 7 )'* +--)'(+(.
1@
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
22/26
USE OF HOME
U# ) &)5 $$'-(")# &+! *#(*"-(")# +$ +* *+ ) 5""5+ (+9
-)#'-#. Y)' 5+ $$'-( -*(+" +5)'(# )* + )- " (& &)5 " -*(+" #(*"-(
-)$"(")# +* 5(. C&- "(& )'* +--)'(+( )* (& +//"-+7 *'#. H)!*, (& -)#(
() / #/-"- *-)*$# +$ (& *-+/('* *'# $)# )( +**+( (& (+9 7(# $*"!$,
)( () 5(") (& &"&* *"# ) +'$"( ) 5+ #'7-( &"5# ().
UTILITY AND RENT DEPOSITS
U(""( +$ *( $/)#"(# +* +##(# ) (& 7'#"##, #"- (& -+ 7 *'$$
+( #)5 ("5 " (& '('*. S&)'$ (& '(""( -)5/+ )* +$)*$ 5+ + *'$ 7-*$"(" )'* +--)'( +(* ), (& )(" )' +--)'(+( ) (&"# &+//".
UTILITY E?PENSES
U(""( 9/## #'-& +# (/&), -(*"-"(, )* +(* /+5(# $ #/-"+
+)-+(") & (& '$*" 7" &+# #)5 /*#)+ '# 7'"( "() (& ()(+ $' +5)'(.
B'#"## )/*+(" )'( ) (& &)5 -+ $$'-( ) (&)# +5)'(# $"*-( *+(" () (&
7'#"##, #'-& +# ) $"#(+- -&+*# )* 7'#"## /'*/)## )* -(*"-"( '#$ ) " (&
)- +*+ ;'#'+ ()) 5""5+ () &+! + (+9 -)#'-
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
23/26
CORPORATE STOCK
E+-& #(+( +'(&)*"# + 5+9"5'5 '57* ) #&+*# )* + 5""5'5 . U##
)'* +(()* *-)55$# )(&*"#, (&"# *"(* #'#(# (& "-)*/)*+($ +// )* (&5+9"5'5. T& '57* ) #&+*# ""("+ "##'$ )* +(* "##'$ $ () 7 $"#-'##$ "(&
)'* +(()* )* +--)'(+( 7-+'# ) (& !+*"+7# "!)!$. B #'* () /*)/* -)5/(
(& #()- -*("-+(# +# /'*-&+#$. Y)'* +(()* )* +--)'(+( -+ +##"#( " (&"#, "
-##+*. W&(&* () &+! P***$ S()- )* T*+#'* S()- +* 7#( ( () )'* +(()*
+$ +--)'(+( +( #)5 +(* $+(.
1
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
24/26
VII. DOCUMENTATION
I -)-'#") )' $ #)5 "$ ) $)-'5(+(") ;/+*) *-)*$#, 7"#, *-"/(#, )(#,
#-&$'#, +*5(#, "!)"-#, (-.< '$*"" !* 7'#"## $$'-("). Y)' $) )(
$ #'//)*( $)-'5(+(") )* D*+# )* D"#(*"7'(") #"- "(&* +-(# 9/##. A
*-"/(# ) 5)"# "# -)#"$*$ I-)5 '## )' &+! !"$- #'7#(+("+(" )(&*"#.
20
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
25/26
VIII. HOW TO FAIL IN BUSINESS
P"(+# () +(-& )'( )* " 7'#"## '#'+ #(+*( "(& )( /+" (+9# (&+( +*
$', (&'# "-'**" /+("# +$ "(*#( (&+( -)'$ +#" &+! 7 +!)"$$ " +
'+"$ +--)'(" #*!"- * 7" '#$. T&* "# + )$ #+" " 7'#"##
*+*$" (+9# N!* 7)**) *)5 U- S+5 T& I.R.S $)# )( 5+ +
9-/(")#, &(&* )' "($$ () +!)"$ /+" (+9#, ")-( )!*))$
/+5(, )* '#( #"5/ $"$8( ) (& +, (& " +#### /+("# +$ "(*#(
"(& . H"* + +--)'(+( +* ).
P+ &+( (& )7 "# )*(&. N!* /+ 5)* (&+ )' #&)'$, '#( 7-+'# #)5)
# (&"# "( "# )*(& 5)*.
D) )( # )* ## (&+ "( -)#( )'. T&* "# (& )$ #()* ) (& -+* $+*#&"/
)* (&+( #5$ () 7 )#" 5). H"# +--)'(+( -+5 () &"5 +$ #+"$, S"*,
)' +* #" (& -+*# )* ## (&+ /+"$ )* (&5 T& )* (&)'&( )* + 7*"
("5 +$ (& */"$, Y# +*, 7'( $)( )**, " 5+ "( '/ ) !)'5
S5# " + )7*+"* 7'( #+$ 5+ /)/ (&" +$ $) '#( (&+(. T& (& )
)'( ) 7'#"##.
D) )( )*( )'* *+"#"# A# )' *) *557* (& -'#()5*# (&+( 7"!$ "
)' +$ &/$ ( )' #(+*($. K/ (&5 &+//.
21
-
8/20/2019 Franchise Owner’s Guide to Bookkeeping 2012
26/26
I?. HOW TO SUCCEED IN BUSINESS
D!)/ )* &+! + #", (+(, /*)$'-(, #*!"- )* -)57"+(") ) (&# (&+( 9-$#
(&+( ) )'* -"( )* -'#()5*.
I )' $ + )- ;#()*< *#+*-& )'* )-+ +*+ )* + #'"(+7 )-+("), ) &"-&
)*#: ;+< + -+ +$ +((*+-("! #()* ;)-< !"*)5(, ;7< +# )* )'*
-"(#%-'#()5*# () (*, /+*, +$ *##, ;-< + +$)*$ &) 5+"(+"#, /*)5)(#,
+$ &+# $*+" /)*, ;$< + *(+ (&+( +)# )'* -+#& ) () "! )' +
$#"*+7 " #(.
P*)5)( +$ +$!*("# )'* 7'#"## 100Q ) )'* +" ("5. T&"# 5+# (&+( "
)' +* )" /*#)+ ("5 )* &+(!* *+#)# +$ + 7'#"## "$+ (*# )'*
5"$, (+ (& ("5 () *"( "( $) +$ 7 #'* () +(* 9/+$ ) "( "(& /*)# +$
-)# '(" + -)'*# ) +-(") "# "(&* "#("('($ )* *-($. D"#-'## )* *#+*-& )'*
"$+# "(& )$+7 +$ *-/("! /)/ $) )( 9/-( * +$!"- 7'( #
(&)# &) +* 5)#( "(*#($ " )'* #'--## *+(&* (&+ (&"*#. L( )(&*# )
)' +* " 7'#"## "(&)'( 7" )7)9")'# +7)'( "(.
K/ *" )'* -)(+-(# "(& )'* -"(#%-'#()5*# " + !+*"( ) +#. G"!
(&5 )'* 7#( +( + ("5#. R$) )* */+- + $-("! /*)$'-(%#*!"- "(&)'(
-&+* " + *+-")'# +.
R"!#( )'* ("5 +$ 5) "() (& 7'#"## 7 7'" '"/5(, /*)$'-(#,
)* #*!"-#, +$ /+*("-'+* '/$+( )'* 7'#"## )$.
L( )'* -"(#%-'#()5*#%/*)#/-(# (&+( )' +( () #*! (&5 5)* (&+
+(&" #.
A# )' -+ # "( (+# +( +#( () 5)* #(/# () #'--$ (&+ () +". TMM.