What was the accounts receivable amount from Loyalty LLC for Ledgers in 2024?
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 the ordinary course of business, the Company enters into certain transactions with related parties substantially due to short term advances and cost reimbursements. The Company had related party transactions reco
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the accounts receivable amount from Loyalty LLC was $610,180 as of December 31, 2024. The FDD also provides comparative figures for the years 2023 and 2022, which were $1,209,516 and $1,300,815, respectively. This indicates a decreasing trend in the accounts receivable from Loyalty LLC over these three years.
Accounts receivable represents the money owed to Ledgers by Loyalty LLC for services or products already provided. A high accounts receivable balance could indicate that Loyalty LLC is taking longer to pay its debts, which may impact Ledgers' cash flow. Franchisees should pay attention to these trends as it could reflect the financial health of Loyalty LLC and its ability to meet its obligations.
In addition to the accounts receivable from Loyalty LLC, the FDD lists accounts receivable from Loyalty Franchising and The Inspection Boys, both at $15,000 and $5,000 respectively for 2024, 2023 and 2022. The FDD also includes accounts payable to Hewitt Construction, Zoomin Groomin, and ATAX, LLC. Reviewing both accounts receivable and accounts payable can provide a more comprehensive view of Ledgers' financial relationships and obligations.