When is the Monthly Royalty Report due for a Ledgers franchise?
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 |
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.
This means that if the month ends on the 30th or 31st, the report is due just ten days later. This requirement ensures that Ledgers receives timely information about the franchisee's gross revenue, which is used to calculate the royalty fees.
Franchisees should be aware of this deadline and ensure they have systems in place to accurately track and report their revenue each month to avoid late fees or other penalties. Maintaining accurate records and submitting the report on time is a key responsibility for all Ledgers franchisees.