What documentation will Canine Dimensions provide for ACH transactions?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.5.5 Franchisee acknowledges that the electronic receipts generated from the ACH transactions listed herein are the only documents that will be generated for the transactions made under this Agreement and that they will not be accompanied by individual invoices from Franchisor. Franchisee agrees that such receipts are sufficient documentation of transactions, and that payments made by the Franchisee to Franchisor under this Agreement will not require Franchisor to generate an IRS form 1099.
Source: Item 22 — CONTRACTS (FDD page 36)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, franchisees will only receive electronic receipts as documentation for ACH transactions. Canine Dimensions will not provide individual invoices for these transactions. Franchisees must acknowledge that these electronic receipts are sufficient documentation.
This policy means that franchisees need to be comfortable relying on electronic receipts for their financial record-keeping related to payments to Canine Dimensions. Franchisees should ensure they have systems in place to properly store and track these electronic receipts for accounting and tax purposes.
Furthermore, Canine Dimensions will not generate IRS form 1099 for payments made by the franchisee to the franchisor under the agreement. Franchisees should consult with a tax advisor to understand the implications of this policy and how to properly report these payments for tax purposes.