What was the amount of additions charged to expense for Clear Pest Pros in 2024?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
,589 | | Net Accounts Receivable | $ 2,728 | $ 2,338 | $ 3,074 |
The activity in the allowance for credit losses is as follows:
| 2024 | 2023* | |
|---|---|---|
| Balance, January 1, | $ 973 $ | 2,990 |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros's 2025 Franchise Disclosure Document, the additions charged to expense in 2024 were $508. This figure reflects the increase in expenses recognized by Clear Pest Pros during that year.
For a prospective franchisee, understanding this number is crucial for assessing the financial health and expense management of Clear Pest Pros. It provides insight into how the company is handling its financial obligations and whether expenses are being managed effectively.
It's important to note that this figure is just one component of the overall financial picture. A potential franchisee should also consider other factors such as revenue, profits, and cash flow to get a complete understanding of Clear Pest Pros's financial performance.