What is Deer Solution's fiscal year end?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Deer Solution Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023 and the related statements of operations, members' equity (deficit), and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is based on the independent auditor's report included in the FDD, which contains financial statements such as the balance sheets, statements of operations, and cash flows for the years ending December 31, 2024 and 2023. These statements are audited by Metwally CPA PLLC.
The FDD includes financial statements for multiple years, all of which are consistently reported as ending on December 31. This consistency indicates that Deer Solution uses December 31 as the end date for its fiscal year for accounting and reporting purposes. The auditor's report confirms that the financial statements present fairly the financial position of Deer Solution as of these dates.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It helps in aligning their own accounting practices with the franchisor, understanding the timing of financial reporting, and comparing financial performance year-over-year. Knowing the fiscal year-end also aids in interpreting the financial statements provided in the FDD, as these statements reflect the company's performance up to that specific date.