How often must a Learningrx franchisee prepare statements of Gross Revenues and expenses?

According to the 2025 Learningrx Franchise Disclosure Document, franchisees are required to prepare statements of Gross Revenues and expenses on a monthly basis. Specifically, these statements must be prepared each month for the preceding month. This requirement ensures that Learningrx franchisees maintain accurate and up-to-date financial records.

In addition to the monthly statements of gross revenues and expenses, Learningrx requires franchisees to prepare profit and loss statements at least quarterly. Furthermore, an independent Certified Public Accountant (CPA) must prepare annual profit and loss statements and balance sheets. These more comprehensive financial reports provide a detailed overview of the Learningrx center's financial performance over time.

The Learningrx franchise agreement also stipulates that franchisees must maintain accurate records related to the franchised business for a period of six years following the termination or expiration of the agreement. This long-term record-keeping requirement is in place to ensure compliance with financial regulations and to provide a historical record of the business's operations. These records are subject to audit by Learningrx, who may access the franchisee's business and computer systems at any reasonable time without notice.