When is the Monthly Royalty Report due to Ledgers?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Report | When Due |
|---|---|
| Monthly Royalty Report | By the 10th day following the end of each month |
| Annual Budget | January 15 of each year. |
| Annual Profit & Loss | By May 31 of each year as to income and |
| Statement and Balance Sheet | expenses incurred in the prior year |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the Monthly Royalty Report is due by the 10th day following the end of each month. This report is used to calculate the royalty payments owed to Ledgers.
As a Ledgers franchisee, you are required to submit this report monthly to the franchisor. This allows Ledgers to accurately calculate and collect the royalty fees based on your revenue. The royalty payments are also due on the 10th day of each month.
Ledgers will draft the royalty payment from the franchisee's account on the 10th day of each month, or as soon thereafter as they are processed. Franchisees will execute an Automatic Bank Draft Authorization form to facilitate these payments. This ensures timely payment of royalties and simplifies the payment process for both the franchisee and Ledgers.