What additional fee is charged for late payment of the Ledgers Audit Fee?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Audit Fee | Cost of Audit plus $50 per month Late Fee on any late payment | Immediately upon conclusion of audit | |
| Late Fee | Lesser of 1.5% per month or the highest rate allowable by law of the state where franchised is located | As incurred. | Applies to amounts owed to us that are five (5) or more days past due. |
Source: Item 6 — OTHER FEES (FDD pages 17–20)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, a franchisee will be charged a $50 per month late fee on any late payment of the Audit Fee, in addition to the cost of the audit itself. The Audit Fee is due immediately upon conclusion of the audit.
It is important for prospective Ledgers franchisees to note that Ledgers also charges a "Late Fee" for amounts owed to them that are five or more days past due. This late fee is the lesser of 1.5% per month or the highest rate allowable by law of the state where the franchise is located. This late fee is separate from the $50 per month late fee charged on any late payment of the Audit Fee.
Franchisees should ensure they understand the payment terms and due dates for all fees to avoid incurring late fees. Paying close attention to these details can help maintain a positive financial relationship with Ledgers and avoid unnecessary expenses.