Under what condition does Focalpoint Coaching consider invoices past due?

According to Focalpoint Coaching's 2025 Franchise Disclosure Document, invoices are considered past due if a scheduled payment is not received within the contractually agreed terms. This means that the specific due date and any grace periods outlined in the franchise agreement or related contracts dictate when an invoice officially becomes overdue.

For a prospective Focalpoint Coaching franchisee, this highlights the importance of understanding and adhering to the payment terms outlined in their agreements. Failure to make timely payments can result in the invoice being classified as past due, potentially leading to penalties, late fees, or other consequences as defined in the franchise agreement.

Focalpoint Coaching also monitors the credit quality of its accounts receivable by reviewing an aging of customer invoices. Management may also review a variety of other relevant qualitative information such as collection experience, economic conditions, and specific customer financial conditions to evaluate credit risk in recording the allowance for doubtful accounts. This ongoing review helps Focalpoint Coaching manage its financial risks and maintain a healthy cash flow.

Furthermore, Focalpoint Coaching reviews the collectability of trade receivables on an ongoing basis for impairment. An allowance for doubtful accounts is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of receivables. Receivables are written off only after management has exhausted all collection efforts. This indicates that Focalpoint Coaching actively manages its receivables and takes steps to recover outstanding payments before writing them off.