What are some examples of 'Register Records' that an APlus franchisee must maintain?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
(D) You agree to keep and maintain on the Premises true and correct Records reflecting the Gross Sales generated from the APlus Store on the Premises for not less than three (3) years from the date sales were made to which such Records relate, or the prior completed audit, including Register Records and Original Transaction Records as set forth below:
(1) Register Records.
You shall record, at the time of sale in the presence of the customer, all sales or other transactions, whether cash, credit, charge account, or otherwise, in a cash register(s) having cumulative non-resettable grand totals which shall be sealed in a manner approved by Sunoco.
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, franchisees are required to maintain detailed records of gross sales generated from their Aplus store. These records must be kept for at least three years from the date of the sale or the prior completed audit.
Specifically, Aplus franchisees must record all sales or other transactions at the time of sale in the presence of the customer. This includes transactions made via cash, credit, charge account, or other methods. These recordings must be made in a cash register that has cumulative non-resettable grand totals, which are sealed in a manner approved by Sunoco.
These requirements ensure accurate tracking of sales and financial accountability for Aplus franchisees. The detailed record-keeping helps in determining sums due to Sunoco under the lease agreement and provides a basis for audits, if necessary. Franchisees should ensure their cash registers meet the specified standards and that all transactions are properly recorded to comply with the franchise agreement.