What period should the profit and loss statement cover when submitted quarterly for a HydroDog Business?

According to Hydrodog's 2025 Franchise Disclosure Document, franchisees must submit a profit and loss statement to Hydrodog within fifteen days after the end of each calendar quarter. This profit and loss statement must cover the immediately preceding calendar month and also include year-to-date figures. Franchisees are also required to submit a balance sheet as of the end of each quarter.

This reporting requirement ensures that Hydrodog has a consistent view of each franchise's financial performance. By requiring both monthly and year-to-date data, Hydrodog can track trends and identify potential issues early on. The balance sheet provides a snapshot of the franchisee's assets, liabilities, and equity at the end of the quarter, offering a more complete financial picture.

For a prospective Hydrodog franchisee, this means maintaining accurate and up-to-date financial records is essential. Failing to submit these reports on time or accurately could lead to penalties or even termination of the franchise agreement. Franchisees should ensure they have a reliable accounting system in place and understand the reporting requirements outlined in the franchise agreement and operations manual.