P&L Requirements and Sample Chart of Accounts for Quickbooks and Franconnect

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P&L data is to be reported through FranConnect no more than on a monthly basis and no less than on a quarterly basis. This information is due by the last day of the first month of the calendar quarter (i.e. January, April, July, and October) of the following month.

It is required that all revenue is broken out by category.

This Chart of Accounts is an example of how your chart of accounts for should look in QuickBooks, along with the accounts that you will need to populate in FranConnect.

 

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    Jaime Lee

    Has the COA been updated recently? There is a note in FranConnect to reimport the COA for recent changes...

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