What was the overpayment of credit card amount for Clean Your Dirty Face in 2024?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Overpayment of credit card | 9,829 |
| 2024 | 2023 | |
|---|---|---|
| Overpayment of credit card | (9,829) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the overpayment of credit card amount for 2024 was $9,829. This figure is listed as an asset on the balance sheet, meaning Clean Your Dirty Face had a claim to receive this amount back.
In the statement of cash flows, the overpayment of credit card is shown as a decrease of $9,829 in operating assets. This indicates that the overpayment was likely corrected during 2024, reducing the amount of cash Clean Your Dirty Face held.
For a prospective franchisee, this detail provides insight into the company's financial management and accounting practices. While not a major item, it shows how Clean Your Dirty Face handles discrepancies related to credit card transactions. Franchisees may want to inquire about the typical causes of such overpayments and the procedures in place to prevent them.