What does the Ledgers Audit Fee cover?
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 |
Source: Item 6 — OTHER FEES (FDD pages 17–20)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the Audit Fee covers the cost of the audit itself. Additionally, if payment is late, it includes a $50 per month late fee. This fee is due immediately upon the conclusion of the audit.
This means that if Ledgers decides to audit a franchisee, the franchisee will be responsible for covering the full expense of the audit. It is not clear from the FDD under what circumstances Ledgers would conduct such an audit, but franchisees should be aware that this cost could potentially be significant, depending on the scope and complexity of the audit.
Franchisees should ensure they maintain accurate and complete financial records to minimize the risk of an audit. Furthermore, prompt payment following an audit is crucial to avoid incurring the additional $50 monthly late fee. It would be prudent for a prospective franchisee to inquire with Ledgers about the typical cost range for an audit and the specific triggers that might lead to one.