What was the amount of Ledgers' accounts receivable from The Inspection Boys as of December 31, 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 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 as of December 31, 2024, was $5,000. This represents money owed to Ledgers by The Inspection Boys.
Accounts receivable are a crucial asset for any business, representing revenue that has been earned but not yet collected. For a prospective Ledgers franchisee, understanding the nature and collectability of these receivables is important. It provides insight into the financial relationships Ledgers has with its related parties and other entities.
The consistent amount of $5,000 for accounts receivable from The Inspection Boys over three years (2022, 2023, and 2024) may suggest a fixed or recurring arrangement between Ledgers and The Inspection Boys. A potential franchisee should inquire about the specifics of this relationship to assess its stability and impact on Ledgers' overall financial health.