Is there an exception to the requirement of providing banking information to Ledgers?

According to Ledgers' 2025 Franchise Disclosure Document, while franchisees generally must provide access to financial records, there is an alternative option regarding bank accounts. Ledgers may require review-only access to all bank accounts used by the franchisee for deposits related to the franchise business, instead of requiring copies of all bank statements.

This alternative provides a potential benefit to the franchisee by limiting the amount of sensitive financial data they must directly share with Ledgers. Instead of providing copies of full bank statements, the franchisee may only need to grant Ledgers the ability to review the account activity.

However, Ledgers retains the right to request copies of all tax returns and bank statements that may show revenues from the Franchised Business. The choice between requiring copies or review-only access is at Ledgers' discretion. Franchisees should be prepared to provide either level of access to maintain compliance with the franchise agreement.