What was the accounts receivable amount from The Inspection Boys for Ledgers in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ssified to conform to the current year presentation.
Subsequent Events
The Company has evaluated events and transactions for potential recognition or disclosure through April 28, 2025, which is the date the financial statements were available to be issued.
NOTE 2 - RELATED PARTY TRANSACTIONS
During th
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the accounts receivable from The Inspection Boys in 2022 was $5,000. This figure represents the amount of money owed to Ledgers by The Inspection Boys as of the end of 2022.
Accounts receivable are a crucial asset for any business, including a Ledgers franchise, as they reflect revenue that has been earned but not yet collected. Monitoring accounts receivable is essential for maintaining healthy cash flow and assessing the financial stability of the franchise. Franchisees should pay close attention to these figures to understand the payment patterns of their clients and manage their finances effectively.
For a prospective Ledgers franchisee, this information provides insight into the types of contractual relationships Ledgers maintains and the scale of financial interactions with related parties. Understanding these relationships can help a franchisee anticipate potential revenue streams and assess the overall financial health of the Ledgers network.