How often must a Big Air Trampoline Park franchisee prepare statements of Gross Revenues?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6.2 Franchisee shall prepare on a current basis, complete and accurate records concerning all financial, marketing and other operating aspects of the Big Air Trampoline Business conducted under this Agreement. Franchisee shall maintain an accounting system which accurately reflects all operational aspects of the Big Air Trampoline Business including uniform reports as may be required by Franchisor. Franchisee's records shall include tax returns, daily reports, statements of Gross Revenues (to be prepared each month for the preceding month), profit and loss statements (to be prepared at least quarterly by an
independent Certified Public Accountant), and balance sheets (to be prepared at least annually by an independent Certified Public Accountant).
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 FDD, a Big Air Trampoline Park franchisee must prepare statements of Gross Revenues each month. These statements must cover the preceding month's financial activity.
In addition to monthly gross revenue statements, franchisees are required to produce other financial documents at different intervals. Profit and loss statements must be prepared at least quarterly by an independent Certified Public Accountant (CPA). Balance sheets must be prepared at least annually, also by an independent CPA.
Big Air Trampoline Park also requires franchisees to maintain a comprehensive accounting system that accurately reflects all operational aspects of the business. This includes using the accounting system and pre-formatted templates required by the franchisor, if any. Franchisees must retain all invoices, order forms, payroll records, cash register tapes, check records, bank deposit receipts, sales tax records, refunds, cash disbursements, journals, and general ledgers.