Integrated Monthly Close
Connected membership reports, processor deposits, sales tax, and general-ledger reporting.
Service
Fitness Business Monthly Close
Industry
Fitness and Wellness
Engagement
Ongoing Monthly Engagement
The challenge
Multiple Systems Obscured Monthly Revenue
Membership revenue moved through several systems before reaching the books. Processor fees, refunds, deposits, clearing accounts, and sales tax required monthly reconciliation.
Key Issues Identified
Multiple revenue systems
Unclear clearing balances
Deposit and tax differences
our Approach
An Integrated Revenue and Close Process
The engagement connected membership reports, processor activity, deposits, clearing accounts, sales tax, and the general ledger in one monthly close. The workflow improved consistency, reduced unexplained balances, and strengthened management reporting.
01
Review Revenue
Reviewed membership-system revenue and payment-processor reports.
02
Reconcile
Reconciled bank deposits, processor activity, fees, and clearing accounts.
03
Adjust
Recorded gross revenue, sales tax, fees, and monthly adjustments.
04
Standardize
Created a consistent close schedule and reporting workflow.
Payments Reconciled
Processor activity, fees, refunds, and bank deposits were aligned monthly.
Clearer Clearing Accounts
Outstanding processor and deposit balances became easier to trace and explain.
Reliable Reports
Management receives consistent revenue, deposit, tax, and operating information.
THE RESULT
Clearer Revenue Reporting and a Reliable Close
Processor activity and deposits were aligned, clearing balances became easier to explain, and management received more consistent monthly reports.
EXPLORE OUR SERVICES
Financial Support Built Around What Comes Next.
From tax preparation and bookkeeping to payroll, advisory, entity setup, and tax resolution, Hyman Financial Solutions provides clear CPA guidance for the deadlines, decisions, and financial responsibilities that matter most.
Payroll Services
Reliable payroll processing, payroll tax support, employee setup, and year-end reporting for small businesses that need employees paid accurately and deadlines handled consistently. Start before your next pay date so setup issues, missing information, and tax registrations can be addressed without disrupting payroll.
Business Advisory
Practical financial guidance for business owners who need clearer cash flow, stronger reporting, and better support for pricing, hiring, growth, and investment decisions. Start before a major decision is made so the financial impact can be evaluated while options are still available.
Entity Setup & Compliance
Tax-focused entity setup, business registrations, S corporation election support, and compliance planning for owners who want to start correctly and avoid costly corrections later. Complete the review before opening payroll, signing major contracts, or beginning significant operations.
