What is the standard chart of accounts designated by Clean Your Dirty Face?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree to establish and maintain at your own expense a bookkeeping, accounting, and recordkeeping system conforming to the requirements and formats we prescribe from time to time. You must use the Computer System to maintain certain sales data, customer information and other information. You agree that we shall have access to your Computer System at all times and that we shall have the right to collect and retain from the Computer System any and all data concerning your Business. We may require that you hire a service provider that we designate as your provider of accounting, payroll and/or bookkeeping services. If we designate a service provider for accounting, payroll and/or bookkeeping services, you agree to cooperate with such service provider and provide such service-provider with all information you would appropriately provide us under this Section 10.
Each month, you agree to generate, in the manner and format that we may prescribe from time to time, an income statement (including a standard chart of the accounts designated by us) for your Business covering the most recently completed month. On our request, you agree to send us such statements. You also agree to give us in the manner and format that we prescribe from time to time:
- (a) on or before the Royalty payment, a report on your Business's Gross Sales during the preceding calendar month;
- within fifteen (15) days after the end of each calendar month, the operating (b) statements, financial statements, statistical reports and other information we request regarding your Business covering the preceding month;
- within the time limits specified in the Operations Manual, such other periodic operating statements, financial statements, statistical reports and other information we request regarding you and your Business;
- by March 15th of each year, annual profit and loss and source and use of funds statements and a balance sheet for your Business as of the end of the prior calendar year; and
- within ten (10) days after our request, exact copies of federal and state income tax returns, sales tax returns, and any other forms, records, books, and other information we may periodically require relating to you and your Business.
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, franchisees are required to adhere to a specific bookkeeping, accounting, and recordkeeping system as mandated by the franchisor. Franchisees must utilize a designated Computer System to maintain sales data, customer information, and other relevant business details, to which Clean Your Dirty Face retains continuous access for data collection. Clean Your Dirty Face may also require franchisees to use a specific service provider for accounting, payroll, and bookkeeping services.
Each month, franchisees must generate an income statement that includes a standard chart of accounts designated by Clean Your Dirty Face. This statement must be prepared in a format prescribed by Clean Your Dirty Face. Additionally, franchisees must provide monthly reports on Gross Sales, operating and financial statements, and other statistical reports as requested by Clean Your Dirty Face.
Annually, by March 15th, franchisees are required to submit annual profit and loss statements, source and use of funds statements, and a balance sheet for their business. Furthermore, franchisees must provide copies of federal and state income tax returns, sales tax returns, and any other financial information Clean Your Dirty Face may request within ten days of the request. This comprehensive reporting ensures that Clean Your Dirty Face maintains oversight of the financial performance and compliance of its franchisees.