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.
Tax Planning
Proactive CPA tax planning for individuals and business owners who want to estimate federal and state taxes before filing season. Review withholding, estimated payments, business income, investments, retirement contributions, entity considerations, and year-end decisions while there is still time to act.
Small Business Accounting
Small business accounting services for companies that need CPA oversight, reliable financial statements, balance-sheet review, adjusting entries, and a stronger month-end close. Get clearer accounting records for tax preparation, management reporting, financing discussions, and day-to-day business decisions.
Forecasting & Analysis
Financial forecasting and analysis for businesses that need cash-flow forecasts, budgets, projections, and scenario models before major decisions. Evaluate hiring, pricing, financing, expansion, capital spending, and other choices using documented assumptions and forward-looking financial analysis.
Tax Preparation
CPA tax preparation for individuals, business owners, self-employed professionals, and real estate investors who need accurate federal and state returns. Get an organized review of income, deductions, business activity, state filings, tax payments, and supporting documents before your return is filed.
Payroll Services
Small business payroll services for employers that need accurate paydays, payroll tax filings, employee setup, and year-end reporting handled through an organized process. Start before the next pay date so missing information, registrations, and setup issues can be addressed without disrupting payroll.
Fractional CFO Services
Fractional CFO services for small and growing businesses that need stronger financial leadership without a full-time CFO. Get recurring management reporting, KPI analysis, cash-flow visibility, budgeting, profitability review, and decision support for hiring, pricing, financing, expansion, and other major business decisions.
Bookkeeping Services
Small business bookkeeping services for owners who need accurate monthly books, account reconciliations, cleanup, and dependable financial reports. Keep bank, credit-card, loan, payroll, owner, and payment-processor activity organized so tax preparation and business decisions start with cleaner numbers.
