Running a gym or fitness studio is a juggling act and this is one the biggest problems I’ve seen for owners: Their accounting is just another ball in the air. Well, that’s pretty dangerous…
On top of everything else you have going on, you also have to:
- Make sure employees and bills are paid on time
- Your members are happy, and
- All operations are running smoothly
While you are likely an expert in fitness or some other aspect of business operations, the chances you’re also a professional accountant or tax expert are pretty slim, right? That’s just based on what I’ve seen. And that’s not a bad thing! The “bad thing” is trusting something so important to the success of your business to a DIY software because it can ruin the business.
It’s no secret, the need for great bookkeeping and finances is crucial. This is why bringing in a professional team of accounting experts like Accountingprose can be the perfect addition.
While accounting software can be helpful, and some would say necessary, these are the top 5 reasons why an accountant is a way better financial decision.
1. Keep Accounting Organized
Between bank reconciliations, accounts receivable, accounts payable, payroll, and taxes, staying organized with your accounting can feel like a daunting task.
With Accountingprose, we can take your business out of the dark ages and move it into the cloud!
In fact, companies relying on cloud accounting have 5X the number of customers versus companies that don’t because they’re more organized.
This can be one of the quickest ways to get everything organized, efficient, and easily accessible from anywhere. We will be there every step of the way to turn all your accounting needs into an organized machine.
2. Save Time on Bookkeeping
Time is a precious commodity and should be made to work for you, not against you. And, what benefit could be better than freeing up time to be able to focus on the elements of your business you want to? Having an accountant on your side to navigate the many time-consuming tasks associated with accounting is what most gyms need to gain some time back and get more done elsewhere.
3. Accounting Is All About Saving Money
While you may automatically think hiring an accounting team sounds more expensive than using software on your own, that is not necessarily the case. An accountant can find areas where you can save what you may be missing. Plus the time saved by ditching the DIY approach can allow you to put more into your best money-making endeavors.
4. Know Your Accounting Numbers
A business owner should know their numbers like the back of their hands. Without accurate and recent financial knowledge, how can you make important decisions on spending? Without sound data on your payroll numbers, how can you make hiring decisions? How can you make projections for future growth if you don’t know where you are now? Our efficient and accurate financial statements can keep you in the know on all your numbers at all times.
5. Zeroing In On Hidden Details
Sure, managing your books on a DIY accounting software can be helpful, but nothing beats having a human eye on your books to keep you on the right track. There may be nuances that your software is simply unable to pick up. The speed and accuracy that our accounting team provides can help your business achieve the financial health it needs to grow.
We know the fitness business and we know accounting. We have handled the accounting and payroll for some of the best pilates, crossfit and barre studios in the U.S. Let’s work together because getting your business financially fit is too important to leave to chance!
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