What is the Payment Date for Expense Reduction Analysts franchisees using the Centralized Billing Service?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
for the business and services You provide be transferred directly to a bank account associated with the Centralized Billing Service (the "Centralized Billing Account"), pursuant to this Section 6.1 and template Centralized Billing Account administrative forms designated by the Franchisor, the ERA Manuals, or as the Franchisor otherwise specifies in writing.
- (4) With respect to Section 6.1(3), after the aforesaid payments have been made into the Centralized Billing Account for the preceding month, the Centralized Billing Service, upon the Payment Date fixed on the 10th day of each calendar month (or the next business day following the 10th day of each month), will pay You, in the current bank account indicated by You, an amount calculated by deducting the Royalty Fee and the Marketing Fund Contribution from the payments received from Your clients according to any amounts due to Joint Venture partner(s) and entered in the relative project form on the ERA Management Information System (i.e. ERA EMS/Dynamics). The Royalty Fee will be offset against Your Minimum Royalty Fee; the reconciliation period for the Minimum Royalty Fee is the Year.
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, if a franchisee uses the Centralized Billing Service, the payment date is fixed on the 10th day of each calendar month. If the 10th day of the month falls on a non-business day, the payment date will be the next business day. Expense Reduction Analysts will pay the franchisee the amount calculated by deducting the Royalty Fee and the Marketing Fund Contribution from the payments received from the franchisee's clients. This payment will be deposited into the franchisee's designated bank account.
Prior to this payment, Expense Reduction Analysts will issue a Client Revenue Report to the franchisee. This report will detail the Net Cumulative Receipts received for the preceding month and any deductions made by Expense Reduction Analysts for Royalty Fees and Marketing Fund Contributions. To facilitate the creation of this report, the franchisee must provide Expense Reduction Analysts with any reasonably required information.
It is important to note that the use of the Centralized Billing Service is not mandatory unless designated by Expense Reduction Analysts. This service is provided free of charge to the franchisee. However, if the service is adopted, all client payments must be transferred directly to the Centralized Billing Account. Franchisees should be aware of the policies and guidelines for using the Centralized Billing Service, which are outlined in the ERA Manuals or provided in writing by Expense Reduction Analysts.