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 Preparation & Planning
CPA tax preparation and proactive planning for individuals, business owners, self-employed professionals, and real estate investors. Start early so there is time to resolve missing records, correct reporting issues, and identify planning opportunities before important deadlines.
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.
Business Advisory
CPA business advisory for owners who need clearer cash flow, financial projections, stronger reporting, and better support for pricing, hiring, growth, financing, and investment decisions. Start before a major decision so the financial impact can be evaluated while options remain available.
Bookkeeping & Accounting
Small business bookkeeping, catch-up cleanup, account reconciliations, and monthly financial reporting for owners who need accurate books, clearer cash flow, and tax-ready records. Start early so errors and backlogs can be resolved before tax, financing, or reporting deadlines.
