Under what condition am I not required to purchase bookkeeping and payroll services from Ledgers?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Bookkeeping, Payroll, and Business Support Services. You must purchase our bookkeeping and payroll services that you will sell to your clients unless you provide such services yourself. You must purchase our business support services that we render on your behalf to your clients.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 23–25)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, franchisees are generally required to purchase bookkeeping and payroll services from Ledgers. However, there is an exception to this rule.
The FDD specifies that a franchisee is not required to purchase these services from Ledgers if they provide such services themselves. This means that if a franchisee has the capability and resources to handle the bookkeeping and payroll services that they will sell to their clients, they are not obligated to use Ledgers's services.
This exception could be beneficial for franchisees who have prior experience or expertise in bookkeeping and payroll, as it allows them to leverage their existing skills and potentially reduce costs. However, it's important to note that franchisees are still required to purchase business support services from Ledgers, which are rendered on their behalf to their clients. Therefore, even if a franchisee opts to provide their own bookkeeping and payroll services, they must still rely on Ledgers for business support services.