factual

How can the Budget RDSB294 Weekly Accounting Distribution report be used by franchisees?

Budget Franchise · 2025 FDD

Answer from 2025 FDD Document

Control Statement

RDSB294 WEEKLY ACCOUNTING DISTRIBUTION

This report will reflect a summary of all rentals by General Ledger Account number for a given accounting period. The report lists activity, by location, and can be used to post to a local general ledger.

Source: Item 23 — RECEIPTS (FDD pages 80–426)

What This Means (2025 FDD)

According to Budget's 2025 Franchise Disclosure Document, the RDSB294 Weekly Accounting Distribution report provides a summary of all rentals, organized by General Ledger Account number, for a specific accounting period. This report details activity by location. Franchisees can use this report to post information to their local general ledger, ensuring accurate financial record-keeping. This is a standard practice in franchising, where franchisees need to maintain their own financial records while adhering to the franchisor's reporting standards.

The Revenue Distribution System processes all rental transactions input into Wizard, Budget's system, and generates monthly reports that highlight the accounting entries associated with these transactions. These reports are designed to provide sufficient detail for franchisees to post to their local general ledgers and to investigate any unusual items. The system also handles the complexities of intercity splits and transactions occurring at foreign locations, ensuring that the appropriate accounting entries are reflected accurately.

In addition to the RDSB294 report, Budget provides other revenue distribution reports, including the LRDB055 Monthly Posting Report, which lists all rentals and amounts as reported on the Control Statement, detailing inter-city rental activity with payables and receivables for each vendor. There is also a US Licensee Audit Report, which lists all rentals at a location that checked in during the accounting period, serving as backup support for airport commission payments and highlighting any missing rentals. These reports, along with the RDSB294, form a comprehensive suite of tools for franchisees to manage their financial accounting and reporting obligations to Budget.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.