When is the Ledgers Royalty Report due?
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, franchisees are required to submit a Monthly Royalty Report by the 10th day following the end of each month. This report is used by Ledgers to calculate the royalty payments owed by the franchisee.
Franchisees must provide this report to Ledgers to ensure accurate calculation and timely payment of royalties. The royalty payments are also due on the 10th day of each month, and Ledgers will draft the royalty payment from the franchisee's account on or shortly after that date.
In addition to the Monthly Royalty Report, franchisees are also responsible for submitting an Annual Budget by January 15 of each year and an Annual Profit & Loss Statement and Balance Sheet by May 31 of each year. These reports provide Ledgers with a comprehensive view of the franchisee's financial performance and help with financial planning and oversight.