Hospitality
Franchise Royalty Fee Payment
Recording the monthly royalty fee paid to the brand for using their name and systems.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Franchise Fees: Royalties | Expense (+) | 2,000.00 | - |
| Accounts Payable: Brand | Liability (+) | - | 2,000.00 |
💡 Accountant's Note
Franchise fees are usually a percentage of Room Revenue only. This is separate from management fees.
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