When is the deadline for an All Team franchisee to submit monthly income reports?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
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Financial Reports.
FRANCHISEE agrees to furnish to ATFC the following described reports at the times designated below on forms required by law or prescribed and furnished by ATFC, as appropriate:
On an annual basis within 45 days after the end of each fiscal year, a copy of the Agency's income statement and balance sheet for the fiscal year and certification that all required tax reporting and related returns have been completed.
By the fifteenth (15th) day of each month, monthly income reports showing all Permanent Placement Gross Billings for the preceding month, certified by an officer of FRANCHISEE.
By each Wednesday at noon, weekly reports for all Temporary Employment Gross Billings for the preceding week, certified by an officer of FRANCHISEE.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, franchisees must submit monthly income reports by the fifteenth (15th) day of each month. These reports should detail all Permanent Placement Gross Billings for the preceding month and must be certified by an officer of the franchise.
In addition to monthly income reports, All Team franchisees are also required to submit weekly reports for all Temporary Employment Gross Billings. These weekly reports are due every Wednesday at noon and must also be certified by an officer of the franchise. Furthermore, franchisees must provide annual income statements and balance sheets within 45 days after the end of each fiscal year, along with certification that all required tax reporting has been completed.
All Team requires these financial reports to ensure accurate tracking of revenue and compliance with the franchise agreement. Failure to report accurately can result in the franchisee reimbursing All Team for the underpaid fees, plus interest. Additionally, if an audit reveals underpayment of fees by more than 1%, the franchisee will be responsible for covering the costs of the audit. These stringent reporting requirements and potential penalties highlight the importance of maintaining accurate financial records and adhering to the reporting deadlines set by All Team.