What basis of accounting does Zoomin Groomin use?

According to Zoomin Groomin's 2025 Franchise Disclosure Document, the company uses the accrual basis of accounting. Their accounting period is the 12-month period ending December 31 of each year.

The accrual method means that Zoomin Groomin recognizes revenue when it is earned and expenses when they are incurred, regardless of when cash changes hands. This provides a more accurate picture of the company's financial performance over time compared to cash-based accounting.

For a prospective franchisee, understanding the franchisor's accounting method is important for interpreting the financial statements provided in the FDD. The accrual method is a standard accounting practice for larger and more complex businesses, suggesting a degree of sophistication in Zoomin Groomin's financial reporting. Franchisees should consult with their own financial advisors to fully understand the implications of the accrual method for their own businesses.