All franchisees must submit Profit and Loss Statements (P&Ls), balance sheets, cash flow statements, and unemployment tax returns within 30 days after each calendar quarter and/or for any time periods Edible requests.
Edible’s preferred templates for P&Ls and cash flow statements are attached. Please enter information ONLY in the yellow cells.
The requested information, reports and documents must be submitted via nCompass or via a helpdesk ticket with a subject line of “Store # Financial Information” according to the following schedule:
Annual Tax Returns Due: March 30
- Federal Income Tax Returns
- State Income Tax Returns
Quarter 1 (Jan 1 – Mar 31) Due: May 30
- Profit and Loss Statement
- Balance Sheets
- Cash Flow Statements
- State Unemployment Tax Returns
Future Statements Due:
- Quarter 2 Statement (Apr 1 – Jun 30) Due: Aug 30
- Quarter 3 Statement (Jul 1 – Sep 30) Due: Nov 31
- Quarter 4 Statement (Oct 1 – Dec 31) Due: Feb 28/29
Annual Reports - Income and Unemployment Tax Returns
Within sixty (60) days after the due date (tax deadline) or thirty (30) days after you file, whichever is earlier, you must send Edible copies of your state and federal income tax returns for your franchised business prepared by a certified public accountant. Edible has the right to audit these statements; Edible will notify you if that is the case.
Comments
0 comments
Article is closed for comments.