What is the 'Accounting Period' defined as for Beggars Pizza product purchases?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
At the start of each Accounting Period (as defined below), Supplier will provide Franchisee with an invoice (the "Invoice") containing all current amounts due for all Products purchased during the prior Accounting Period. "Accounting Period" means every seven (7) days beginning on Monday and ending on Sunday.
Each Monday Franchisee must pay to Supplier all amounts due to Supplier for the previous Monday through Sunday (i.e., the previous Accounting Period) via electronic funds transfer ("EFT") as set forth in Section 3(d) below.
Supplier hereby expressly reserves the right to designate such other period (which may include a shorter period) as the Accounting Period that Supplier or Beggars may specify in the Manual or in writing from time to time.
Franchisee must pay for all Product sales within seven (7) days of receipt of each Invoice, which time period may be reduced in Supplier's sole discretion upon written notice to Franchisee.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the Accounting Period for product purchases is defined as every seven days, beginning on Monday and ending on Sunday. At the start of each Accounting Period, the supplier provides the franchisee with an invoice containing all current amounts due for products purchased during the prior Accounting Period.
Each Monday, the Beggars Pizza franchisee must pay the supplier all amounts due for the previous Monday through Sunday period via electronic funds transfer (EFT). This payment schedule ensures that suppliers are paid promptly for the products delivered to the franchise location.
However, the supplier reserves the right to designate another period, which may include a shorter period, as the Accounting Period. This change would be specified in the manual or in writing from time to time. The franchisee must pay for all product sales within seven days of receipt of each invoice, but this period may be reduced at the supplier's discretion with written notice to the franchisee. This clause provides flexibility for the supplier to adjust payment terms if needed, potentially impacting the franchisee's cash flow management.