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Podcast: Be a PROFITABLE Badass Small Business Owner
Episode: KYBN - Where to Franchise Fees Go on the Income Statement?
Description: Where to Franchise Fees Go on the Income Statement?  One question I get is where do you put the franchise fees on your income statement – expenses or cost of goods sold? Typically, the franchise will have a preferred location they want you to report it. However, you want to include them in your COGS when figuring out your gross margin as they are off the top before you do anything else. So my personal favorite location is in your COGS. So even if the franchise has you put it in...