What was the total accounts payable for Ledgers in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Liabilities and Members' Equity | | Current Liabilities: | | Accounts payable | $ 15,010 | $ 15,010 | $ 125,974 | | Accrued expenses | 4,755 | 9,975 | 5,152 | | Due to related parties | 852,180 | 737,180 | 305,000 | | Deferred revenue - current | 24,000 | 94,000 | 110,000 | | Total Current Liabilities | 895,945 | 856,165 | 546,126 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the total accounts payable in 2022 was $125,974. This figure represents the amount Ledgers owed to its suppliers and other creditors at the end of that fiscal year. Accounts payable are considered current liabilities, meaning they are due within one year.
Understanding the accounts payable is crucial for prospective franchisees as it provides insight into Ledgers' short-term financial obligations. A high accounts payable balance could indicate that Ledgers is managing its cash flow effectively by delaying payments to suppliers, or it could suggest potential liquidity issues. Conversely, a low balance might indicate strong financial health or aggressive payment practices.
In addition to the total accounts payable, the FDD also provides a breakdown of specific accounts payable. For example, in 2022, Ledgers had accounts payable of $150,000 to Zoomin Groomin and $155,000 to ATAX, LLC. Reviewing these specific payables can give a more detailed understanding of Ledgers' relationships with its vendors and partners. Prospective franchisees should analyze these figures in conjunction with other financial data to assess the overall financial stability and management practices of Ledgers.