A franchise accounting system helps both franchisors and franchisees keep track of money, performance, and business operations. It supports different models, each with its own needs and setup. Whether a business is product-based or service-focused,…

Choosing the right accounting method affects how a business tracks income and expenses. Two common methods are Cash Basis Accounting and Accrual Accounting. Each one handles transactions differently. This decision shapes how you report profits,…

A cash flow statement tracks all cash inflows and outflows to show how money moves in and out of a business. It tracks cash from operations, investing, and financing. It helps in controlling short term…