Need a bookkeeper and accountant for your gym? We've got your finance workout covered. We do your books, so you can focus on keeping your clients fit and healthy. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Need a bookkeeper and accountant for your gym? We've got your finance workout covered. We do your books, so you can focus on keeping your clients fit and healthy. Try us for free.
Our team puts in the effort to fully comprehend your gym, addresses your queries, assists in connecting your accounts, and demonstrates how Accracy can provide solutions for your business.
Every month, your personal bookkeeper will sort through your gym's business transactions and generate comprehensive financial reports. If they need any additional information, they'll reach out to you directly.
Every month, your personal bookkeeper will sort through your gym's business transactions and generate comprehensive financial reports. If they need any additional information, they'll reach out to you directly.
We'll consistently provide you with your gym's financial health updates. Have urgent questions regarding your financials? You'll receive a response from us within one business day or less.
Our platform enables you to automate data inputs from most leading providers, helping you bypass frequent errors. We collaborate with vendors such as Gusto, Stripe, Shopify, and Squareensuring your gym's finances are consistently precise.
Say farewell to mounds of paperwork and tedious manual tracking — we automate data directly from your linked accounts. View the state of your gym business from one easy-to-understand dashboard. This allows you to pinpoint the health of your operation and make informed strategic decisions. Revolutionize your gym's bookkeeping with Accracy.
At Accracy, we understand the distinctive bookkeeping needs of gym owners. Every gym operates in its own unique way, dealing with membership subscriptions, hourly services costs, equipment depreciation, and specific industry tax obligations. These complexities can often lead to bookkeeping errors, misunderstandings, and the missed opportunity for crucial tax deductions. Our easy-to-use software, combined with a team of professional bookkeepers well-versed in the financial intricacies of gym management, allows us to provide seamless bookkeeping solutions tailored to the fitness industry. We can track and manage every financial transaction, giving you accurate, real-time insights into your gym's financial health, helping you make confident business decisions.
At Accracy, we specialize in navigating the unique tax landscape encountered by gym owners. This includes understanding industry-specific write-offs, such as fitness equipment purchase and maintenance costs, trainer certification costs, or purchased fitness classes. Additionally, we strive to keep you in the clear with laws and regulations surrounding employee classification, which is a common issue in the fitness industry with independent contracting trainers. We are also able to handle sales tax issues surrounding your merchandise sales. As a result, come tax season, you can rest easy knowing your gym's financials have been accurately managed all year long, ensuring a smooth process. In this way, we provide an unmatched, comprehensive bookkeeping service. Let Accracy handle your books, so you can focus on keeping your clientele fit and active.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
Expense tracking for gym equipment and facilities involves keeping track of various costs. These can include the initial purchase cost of the gym equipment, routine maintenance, and repair costs. Also, costs incurred for maintaining the premise such as utility bills, cleaning and sanitization costs, and any potential renovation or upgrade expenses need to be tracked.
Furthermore, the costs associated with gym software, staff salaries, and any other operational costs are necessary for comprehensive expense tracking. Keeping a clear and thorough record of all these expenses can help in effective financial planning and management, eventually leading to the successful operation of the gym.
Bookkeeping for a gym involves manually or automatically recording membership fees and other recurring revenue on a consistent basis. This is typically done using accounting software that keeps track of all transactions. The bookkeeper will record each membership payment as income once it's received.
For recurring revenue, a bookkeeper sets up a system that automatically records the transaction each time it occurs in the time interval specified, for example monthly or annually. Any overdue payments from members are carefully monitored and follow-up actions are taken to ensure the revenues are collected.
The goal is to accurately reflect the financial status of the gym through organized records, which is critical for making informed business decisions.
A bookkeeping service can significantly assist a gym business with its financial reporting and taxes in several ways.
Firstly, accurate bookkeeping ensures that your financial records are up-to-date and precise, which is essential for effective financial management. It aids in understanding the financial health of your gym business, assisting you to make informed decisions.
Secondly, bookkeeping services handle all documentation and paperwork which makes your tax filing process effortless. They ensure you are taking advantage of all eligible tax deductions and abide by the tax laws, thus preventing any potential penalties.
Finally, a bookkeeping service can provide useful tax planning strategies and tips to considerably reduce your tax liability. They can help detect any potential financial issues early on, and provide useful solutions to improve financial efficiency.
Overall, a professional bookkeeper not only takes the burden of financial management off your shoulders, but also contributes significantly to the development of your gym business.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership