Running a business can often feel like a juggling act. A gym or studio is no exception. You have to make sure employees are paid, bills are on time, members are happy, and operations are running smoothly. While you are likely an expert in fitness or some other aspect of business operations, the chances that you are also a professional accountant or tax expert are slim. But the need for great bookkeeping and finances are still 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, these are the top five reasons why an accountant is the better financial decision.
1. Stay Organized
Between bank reconciliations, accounts receivable, accounts payable, payroll, and taxes, staying organized with your bookkeeping can feel like a daunting task. With Accountingprose, we can take your business out of the dark ages and move it into the cloud! 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
Time is a precious commodity. 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 can be just what you need to gain some time back in your day and get more done elsewhere.
3. Save 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 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. Pick Up 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 can provide can provide your business 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 and get your business financially fit! Learn more about our simple pricing process, and book a demo today.
Cristina has built a spectacular book of business from the ground up and serves clients in a wide range of industries including technology startups, creative agencies, fitness studios, and professional service organizations. Her greatest achievement has been to build an awesome team of forward thinking accountants who care about the success of their clients.