Bookkeeping & Payroll Services for Gyms & Fitness Studios
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.
Trusted by growing businesses across Canada
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.
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.
Get a Quote from Enkel!
Speak to us about financial operations and management services for your organization.
Bookkeeping and Payroll Resources for Gyms and Fitness Studios
Hiring a bookkeeper for your fitness business can help you save time and get access to experts. However, not all bookkeepers are created equal. Here's what you need to think about before hiring a bookkeeper for your gym.
As a fitness studio owner, it is important to keep your books organized. Many tools can help you do this, but some stand out among the rest. Here are some accounting tools that can help you streamline your bookkeeping process.
Keeping your books organized can be challenging and time-consuming. Having accurate and up-to-date financial information can help you make better business desicions. Here are some bookkeeping tips to help your business organization.
Accurate bookkeeping is key to growing your fitness gym and outsourcing is a great way to manage your books well. Here are 7 reasons why.
Cash flow is crucial to the success and growth of every business. Here are 7 tips you can use to improve your cash flow.