Where can the supplier specify changes to the Accounting Period for my Beggars Pizza franchise?
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.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the supplier has the right to designate a different accounting period, which may include a shorter period. This change can be specified in the Beggars Pizza manual or in writing from time to time. The standard accounting period is every seven days, beginning on Monday and ending on Sunday.
This means that Beggars Pizza franchisees need to be aware that the payment schedule for products purchased from the supplier could change. The supplier isn't locked into the standard weekly accounting period. They can alter it based on the terms outlined in the manual or through written communication.
For a prospective franchisee, this implies a need to stay updated on any changes communicated through the manual or direct written notices from the supplier. Failure to adhere to a changed accounting period and payment schedule could lead to penalties or even termination of the supply agreement. It would be prudent for a franchisee to clarify with Beggars Pizza and the supplier the specific circumstances under which the accounting period might be changed and how much advance notice would be given.