Can the supplier change the Accounting Period for Beggars Pizza franchisees?
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 the 2025 Beggars Pizza Franchise Disclosure Document, the supplier has the right to change the accounting period. The standard accounting period is every seven days, beginning on Monday and ending on Sunday. Franchisees are required to pay the supplier all amounts due for the previous Monday through Sunday via electronic funds transfer each Monday.
However, the supplier expressly reserves the right to designate another period, which may include a shorter period, as the accounting period. This change can be specified in the manual or in writing from time to time by the supplier or Beggars Pizza.
Additionally, while franchisees typically have seven days from receipt of each invoice to make payment, the supplier has the discretion to reduce this time period upon written notice to the franchisee. This means Beggars Pizza franchisees need to be prepared for potential changes to payment schedules and should maintain open communication with the supplier to stay informed of any such adjustments.