What was the total accounts receivable for Ledgers in 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ssified to conform to the current year presentation.
Subsequent Events
The Company has evaluated events and transactions for potential recognition or disclosure through April 28, 2025, which is the date the financial statements were available to be issued.
NOTE 2 - RELATED PARTY TRANSACTIONS
During th
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the total accounts receivable in 2023 was $1,229,516. This amount reflects money owed to Ledgers by Loyalty LLC ($1,209,516), Loyalty Franchising ($15,000), and The Inspection Boys ($5,000).
Accounts receivable represents revenue that Ledgers has earned but not yet collected. For a prospective franchisee, understanding the accounts receivable can provide insight into the financial health and revenue collection efficiency of Ledgers. A high accounts receivable balance might indicate potential issues with collecting payments, while a lower balance suggests efficient revenue management.
It's important to note that these figures are specific to the listed entities (Loyalty LLC, Loyalty Franchising, and The Inspection Boys) and may not represent the entirety of Ledgers' accounts receivable. A potential franchisee should inquire about the overall accounts receivable trends and collection practices to gain a comprehensive understanding of Ledgers' financial standing.