You worry about membership and staffing. We'll manage the bookkeeping and payroll.
Gym and fitness studio owners have a lot to manage on any given day. From membership growth and equipment maintenance and acquisition, to staffing and scheduling, every day is a busy day. We can help.
Could your fitness business use accurate, up-to-date bookkeeping?
Odds are you got into the fitness business to help people live healthier lives, and not to master the art of bookkeeping and cash flow management. But without back office best practices, you could find yourself between a rock and a hard place when its time to purchase and maintain equipment, or weather the storm of the low season. As experts in bookkeeping for gyms, we handle everything from deferred revenue tracking and complex payroll, to inventory management and equipment depreciation.
Accurate Financial Statements
From seasonal surges to large capital outlays, Fitness business finances can often feel like a roller coaster ride. Monthly updates on your balance sheet, income statement, and statement of cash flow can provide you visibility into your business performance, asset management, and more.
Revenue Tracking
Fitness businesses need memberships to survive, but with members comes recurring revenue, automated billing, and quite often a need to track and manage deferred revenue. Layer on product sales and the sale of additional services and revenue tracking can get messy. We can help you track revenue from various channels and manage your deferred revenue for accuracy.
Payroll Management
It is rare for a fitness business to have simple, straightforward payroll management. Most organizations have a mix of full-time, contract, and seasonal staff, and a combination of salaried, hourly, and even commissioned emplyees. Hours spent dealing with timesheets, ensuring compliance, and running payroll is time you can never get back.
Accounting Skills and Software
The cost of a bookkeeper, payroll professional, and accounts payable and/or receivables clerk, along with all of the software required to manage the back office functions not only take a bite out of profits, but can be difficult to find and harder to manage. Outsourcing these functions let's you focus on what really matters.
What Our clients are saying.
We work with you to fully understand your business needs and support requirements.
Best-in-class cloud-based technology that drives Fitness Business efficiencies
We work with cloud-based applications specializing in payroll, time tracking, merchant processing, expense management, and more. We don’t take shortcuts with security, and your data always belongs to you.
Every industry has specific tools and requirements, and Fitness is no different. We work with the technology you use every day.
Insights & Expertise from HAT Accounting
Stay informed with practical tips, financial updates, and expert advice to help you manage your money smarter and grow your business with confidence.
