Fitness Accounting Software

The fitness accounting software is dedicated to fitness professionals who want to get an accurate and detailed overview of their client billing. It is the best accounting software for personal trainers, accounting software for fitness studio, and provides you with all the features that are necessary for a successful business.

In this guide, we review the aspects of Fitness Accounting Software, best accounting software for personal trainers, accounting software for fitness studio, and What is the most used accounting software package?

Fitness Accounting Software

If you are a fitness professional looking for accounting software that can help you grow, check out a cloud-based software solution like Xero.

Fitness Professional Accounting Software For Gyms, Crossfit & Personal Trainers

The fitness accounting software that you’re looking for is a cloud-based solution with automated, customizable reports and financial statements. It should allow you to keep track of your client fees and payments, as well as manage your inventory by tracking purchases and sales. You can also use it to record billing details such as product or service descriptions, taxes applied (if applicable), membership duration or renewal date, cancellation date if applicable etc., which helps when it comes time to produce an invoice.

The best fitness accounting software will allow you to integrate with your existing POS system so there are fewer things for them to learn about the business besides their own job functionings such as managing their appointments bookings online through the app itself where they can see how many clients have been booked already today along with their names & addresses so there are no mistakes made!

If you are a fitness professional looking for accounting software that can help you grow, check out a cloud-based software solution like Xero.

If you’re a fitness professional looking for accounting software that can help you grow, check out a cloud-based software solution like Xero.

Xero is a cloud-based accounting software that is designed specifically for small businesses. It’s available on the web and as an app for your phone or tablet, so it’s accessible from pretty much anywhere. It’s easy to use and helps you save time, money and hassle by automating many of the tasks involved with running your business.

best accounting software for personal trainers

The all-new Accounting Software from FreshBooks empowers personal trainers like you to spend less time on bookkeeping and more time getting your clients amazing results.

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With FreshBooks, you can easily create invoices, monitor expenses, generate financial reports, time track projects, and more. FreshBooks will free up your time so that you can focus on what you do best, developing exercise routines for your clients. Try it for free! 

Bookkeeping Software Built for Your Personal Training Business

FreshBooks is a cloud-based online accounting software solution that provides your company with a host of features. FreshBooks will give you everything you need to manage and keep track of your small business transactions. No accounting experience necessary, no math required.

You can invite team members to collaborate on projects, enter their own hours, and log expenses. The FreshBooks’ dashboard will give you a snapshot of your company’s income and expenses. And financial statements are a snap – one click and FreshBooks will generate your company’s general ledger or a host of other reports.

Let us show you why the best accounting software for small business is FreshBooks. 

Save Time

We know you would rather spend your time focusing on your clients and their fitness needs, not on accounting details. FreshBooks will automate tasks for you, such as tracking project hours and sending payment reminders. 

Look Professional

Our customizable invoice, estimate and proposal templates will impress your clients! You can add your logo, adjust the colours and fonts, and email them instantly to your clients, through FreshBooks. 

Get Paid Faster 

You’ll never lose track of an invoice again with our easy to navigate website. As well, FreshBooks provides the option of allowing your clients to make secure online payments. 

FreshBooks Accounting Software Testimonial Videos

Invoicing Software and Time and Expense Tracking for Personal Trainers

Invoicing is simple; choose a template, enter the details, add your logo and you’re good to go! FreshBooks will calculate the tax and send it via email to the client for you. 

With expenses, you can log each receipt through FreshBooks’ supplied list of categories, or create your own. You can also mark an expense as billable to a client, and then automatically have that information added to an invoice. 

Expense Reports

See how much money you’re spending on your personal training business, and where you’re spending it. Just click on “expense report” to see all your costs, grouped by categories. 

Reminders

Is a payment overdue, but you’re too busy to notice? FreshBooks will send polite late payment reminders to your clients. You’ll be notified too, in your dashboard. 

Late Payments Fees

You have your choice – charge a flat fee for a late payment, or a percentage of the amount you’re owed. You decide in advance when to charge it, FreshBooks does the calculation and applies the amount for you. 

Recurring Profiles

Have a lot of repeat clients? You can set your account up so that FreshBooks automatically generates and sends invoices to these customers, saving you time. 

Accounting App for Personal Trainers That Offers Secure Online Payments

FreshBooks offers secure online payments through credit cards (Visa, Mastercard and American Express), as well as payment services Stripe and Apple Pay. You can also set up a billing schedule so that a client’s credit card is charged regularly. Taking advantage of these services means you can get paid faster.  

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Choosing an Accounting Software for Personal Trainers

You want an accounting software that does the heavy lifting for you. But how do you know if FreshBooks is the right one? Simple. Give us a try, for free, for thirty days. In that time, play with one of our invoice templates, do up a proposal or estimate, and see how easy it is to generate a report of your choosing. At the end of the trial period, we think you’ll agree that FreshBooks is the online accounting software solution that small businesses have been looking for. 

Try FreshBooks for your business today!

Accounting Software for Personal Trainers

FreshBooks is available online for both PCs and Macs, as well as through our mobile app on Google Play or iTunes. The FreshBooks’ desktop accounting software will sync automatically with the app, so you can access your small business finances from anywhere in the world. We offer a number of different accounting packages to choose from, with competitive pricing. 

Advance Your Business with Double-Entry Accounting on FreshBooks

You help your clients get fit and healthy, but is your business accounting healthy as well? Of course by that we mean that all of your numbers are in order and that you know that your business is thriving.

Benefits of FreshBooks Double-Entry Accounting for Your Personal Trainer Business

If you aren’t sure, we can help. At FreshBooks, we’re obsessed with giving small business owners exactly what they need in order to take control of their accounting and bookkeeping. That’s why our accounting software now includes double-entry accounting – an industry standard feature that helps you keep all of your debits and credits in check all in one place.

accounting software for fitness studio

As a fitness studio or gym owner, it is imperative that your books are constantly organized and your numbers are kept current – the health of your business depends on it. Many tools can help you do this, but some stand out among the rest. These software programs and applications will help to save you time and money and give you access to your critical financial data when you need it.

4 Tools Every Fitness Studio Owner Needs

1. Xero

A mistake that many small business owners make is using Excel to manage their books. Unfortunately, Excel is prone to errors and can be time-consuming when managing large amounts of data.

Thankfully, there are accounting software like Xero that can you can use to simplify your bookkeeping process. This cloud-based accounting software allows you to easily access all of your financial data while you’re on the go. It can also help you manage your inventory, track your income and expenses, generate financial reports, and create budgets.

2. MindBody

MindBody is a cloud-based business management software program that is designed explicitly for fitness-based businesses. It has class scheduling and booking capabilities and can help you manage your memberships. It also has POS payment processing capabilities and can even help you keep in touch with your clients through its marketing application. 

MindBody gives fitness professionals and gym owners the ability to manage every part of their business efficiently, and it is scalable, making it easy to grow alongside you.

MindBody has some accounting functions that can be extremely useful for a fitness-based business, such as:

3. Dext Prepare

Managing your expenses can be difficult. Handling paper receipts and manually entering them into databases and spreadsheets can be time-consuming and leaves too much room for transcription error. Dext Prepare is the perfect solution to this problem.

This program allows you to take photos of your documents easily, and the information will be automatically extracted for you. You can then export this data to your accounting software. In the event of a CRA audit, Dext Prepare will store copies of all of your receipts and invoices for up to six years. This program helps boost your business’s efficiency as it reduces the need for manual data entry, saving you valuable time.

4. Payworks

There is no doubt that managing payroll can be tedious. With different employees working different schedules, making different pay rates, it can be challenging to keep track. Fortunately, Payworks offers a solution to this problem. It offers numerous different features that make managing your employee payroll a breeze. 

It is prevalent in the fitness industry to have a range of full-time employees and part-time contractors that run different classes or training programs. Having a mix of full-time employees and part-time contractors is an excellent idea for your business as it means you don’t have to bear the financial commitment that comes with relying solely on full-time staff.

Nonetheless, this mix of staff means that you will have to put in extra effort to track them separately in your regular payroll software. Payworks takes away this hassle and keeps track of full-time employees and part-time contractors, ensuring that your employee payrolls are done accordingly. 

Finding the right tools that work best for your fitness studio or gym business can go a long way to helping you better manage your time, save your money, and have consistent access to accurate and timely financial data. Keeping your books organized will help you considerably when it comes to making timely data-driven business decisions.

What is the most used accounting software package

Intuit QuickBooks Online: Best for Small Businesses

We found QuickBooks Online to be the best overall accounting software for small businesses. It provides four plan options for small businesses, as well as a separate option for self-employed users. Each offers features that are suitable for a range of small businesses, from startups to established companies. Between the four options for small businesses, you’ll have access to all the tools and reports you’ll need for accounting purposes, and you can seamlessly upgrade your plans as your business scales. (Note that self-employed users cannot upgrade to the small business tiers.)

The platform is also easy to set up and use, allowing you to do everything by yourself to get your accounting software up and running. However, if you want extra assistance, Intuit offers access to professional bookkeepers who can help you configure the software in a way that makes sense for your business. Additionally, QuickBooks Online allows you to create custom invoices and forms so your company’s branding is always at the forefront of client-facing communications. For the features and services you get, the price is a bargain.

Oracle NetSuite Accounting Software: Best for Advanced Features

We chose Oracle NetSuite as the best accounting software option for midsize and growing businesses that are seeking advanced features. As part of its robust enterprise resource planning (ERP) offering, Oracle NetSuite offers an intuitive cloud-based financial management solution that can track your financial data and automate a variety of essential accounting functions. Like any highly rated accounting software, it offers reporting, planning and billing capabilities. It also easily integrates with other software, including Oracle’s comprehensive suite of business solutions. It can also be used with multiple currencies, so it’s a great option for companies with a global customer base.

If your business needs to expedite its accounts receivable and payable, accelerate deal closings, and keep up with more complex financial compliance obligations while taking advantage of a full suite of powerful business management features, Oracle NetSuite is ideal. Moreover, it doesn’t limit the number of users or rely on third-party apps for customization. However, it may be cost-prohibitive and present a steep learning curve for small businesses that don’t need access to the advanced slate of features it provides.

FreshBooks Accounting Software: Best for Invoicing

We recommend FreshBooks as the best software for invoicing. Not only can you develop professionally looking invoices that match your brand, but the software also allows you to track the status of invoices so you know when customers received their bills and when their balances are due. It also facilitates online invoice payments so customers can pay you directly from the invoice.

The FreshBooks dashboard is simple to navigate and includes time and expense tracking, project management features, and tools to create proposals that you can send to prospective clients. The double-entry accounting system makes sure you are organized and prepared for tax time. If you want accountants to have access to your dashboard, reports, invoices and expenses, you can assign them permission, as well as grant other users access to different features. If you have employees, you can give them access to their projects and track their time and additional expenses. FreshBooks has over 100 partners, so you can add plenty of features and connect with other business programs.

Melio: Best Accounts Payable Tools

We recommend Melio for small businesses seeking user-friendly accounts payable tools that do not need a lot of bells and whistles. It’s an excellent option for cloud-based software that will send invoices and receive payments, as well as manage bills. Melio also integrates with QuickBooks for free. There’s no charge to make payments through a bank transfer, but there is a 2.9% fee to pay by credit or debit card. Two paper checks per month are free; after that, they are $1.50 each.

Melio is very easy to use, offering one of our favorite user experiences. Adding vendors is quick and intuitive. Melio lets you enter a vendor’s information manually, upload a file with that date or snap a photo of an invoice. You can invite both internal users and accountants to use the software and then assign roles and permissions so you know who is accessing your information and what they are doing with it. You can set approval controls for transactions, thus preventing you from overextending yourself or having a cash flow issue because you paid a bill early.

Zoho Books Accounting Software: Best for Microbusinesses

We selected Zoho Books as the best accounting software for people with microbusinesses. Not all accounting software programs are appropriate for freelancers, independent contractors, sole proprietors, consultants, home-based businesses, individuals operating e-commerce sites and companies that employ fewer than 10 people. The software may be too complicated, unnecessarily powerful and overly expensive. Not so with Zoho Books. It works well for businesses with straightforward invoicing and accounting needs, and the low price is attractive for budget-conscious entrepreneurs.

Zoho Books is also scalable. As your small enterprise expands into a larger business, you can make use of the options that allow you to upgrade and integrate with other business applications. It also includes a mobile app to ensure that you can keep up with accounting tasks while you’re on the go.

Xero: Best for Payments

We chose Xero as the best accounting software for making and tracking payments. Xero enables you to maintain excellent relationships with your suppliers and creditors while avoiding costly late fees. With Xero, you can be sure that your cash flow is positive so you don’t come up short when it comes time to pay. On the user-friendly dashboard, you can see when each bill is due, view current and projected expenses, and manage purchase orders. The spare interface gives an immediate picture of your business’s financial position. You can view costs as they happen in real time, then make instant modifications.

Since Xero is cloud-based, you don’t need to download or install any programs. It offers professional double-entry bookkeeping functionality, so your transactions will be entered as a debit as well as a credit. This software also saves you time because you can schedule upcoming payments and batch pay suppliers in advance, automating a process that is typically manual.

ZarMoney: Best for Transparent Pricing

We chose ZarMoney as the best accounting software program for businesses seeking transparent pricing. Organized by “entrepreneur,” “small business” and “enterprise,” the plans reflect each company’s needs. The cost is based on the number of users, from one to more than 30. If you add or remove users, ZarMoney will automatically update your account and charge you accordingly. Each additional user costs $10 per month.

In addition to the transparent pricing, ZarMoney’s powerful cloud-based software makes sure you have everything necessary to organize your businesses financials. You can create and send invoices, manage your company’s cash flow, track business expenses, run financial reports, and stay on top of inventory. It’s easy to use and is adaptable for small and larger businesses. It integrates with thousands of apps, including Shopify, Stripe, PayPal, Zapier, Gusto, Authorize.Net, Mailchimp, AutoEntry and WePay. The software also offers a 30-day free trial so you can test it out before you buy.

Plooto: Best for Automation

Plooto is our software choice for automating key accounting processes. With it, you can manage your payments in one central location, providing you with a clear picture of your finances. Payments, approvals, reconciliation and reporting are unified under one dashboard. The software includes smart approval workflows and secure electronic payments, which reduce errors and speed up the accounts payable process. Most notably, Plooto offers business accounts payable and accounts receivable automation, which helps you collect on past-due bills.

You can use the same system to pay all vendors, even those located outside the U.S., as well as add payees in seconds, either by searching Plooto’s network of 120,000 suppliers and vendors or by adding them manually. Once a customer pays, the payment is automatically reconciled. You can pay electronically or via check with the integrations, as well as make batch payments, search records and set payment approvals.

Wave Financial: Best Free Accounting Software

If you’re looking for an effective, free accounting software, check out Wave Financial. It offers many important, high-quality accounting features at no cost to you. There are no monthly or annual fees, nor do you have to license software. Through the cloud-based accounting program, you can create and schedule recurring invoices and payments, as well as set up automatic payment reminders and automatic syncing with your bank, credit card and PayPal accounts. It also gives you the ability to run financial reports, and it provides you with unlimited accountant connections and transactions. If you want to integrate popular business apps, you can do so at no extra charge.

The only fees you’ll experience with Wave will come from selecting optional add-ons – for example, payroll features – or accepting invoice payments. Wave charges a flat rate of 2.9% plus $0.60 per credit card transaction. Bank payments are 1% per transaction, with a $1 minimum fee. The company also has additional payroll and bookkeeping services that business owners can access for a fee.

Sage: Best for Freelancers and Self-Employed

It is essential for self-employed entrepreneurs and freelancers to quickly and easily send invoices and track payments. For this reason, Sage Business Cloud Accounting is our top choice for these types of small businesses. With Sage, you will have an affordable way to keep the cash flowing into your business without unnecessary delays. This accounting software offers well-priced tiered plans with which to create and send invoices and track payments. With its many integrations and apps, such as AutoEntry, Draycir, Avalara and Credit Hound, Sage can adapt to your growing and changing business.

The program is fast and easy to set up, and the system is simple to navigate. Sage’s software automates a lot of the accounting processes that are typically manual, such as posting expenses and payments and sending invoices and reminders about past-due bills. The software also automatically reconciles bank entries, saving you time and energy. If you need extra assistance, Sage’s customer service is very accessible, which is good news for freelancers and self-employed people who don’t have accounting expertise. If you have questions or need help, you can access customer support 24/7 by chat and live Q&A sessions. Sage also offers one-on-one help through online sessions with Sage accounting experts.

Neat: Best for Receipt and Expense Tracking

As a small business owner, all you may want your accounting software to do is help you manage your receipts and expenses. If so, Neat may be your best bet. This cloud-based tool enables you to upload all of your business receipts with the mobile app and starts at $200 per year, which equates to $16.66 per month. Once done, you can categorize each, keeping you well organized and on top of your costs.

With Neat, you’ll have a good understanding of your cash flow and the ability to access interactive charts and run accounting reports that will analyze the financial health of your business. All this can reduce errors often associated with handwritten recording. It also takes the stress out of making sure that you get the right deductions come tax time.

Accounting Software Costs

Accounting software helps business owners streamline billing and accounting, and it doesn’t have to cost a lot of money. Most programs offer several plans to accommodate your needs and budget.

There are typically two types of pricing models for accounting software: perpetual licensing or a recurring subscription. With a perpetual licensing model, you make a one-time payment for unlimited access to the software. With a subscription pricing model, you pay a monthly or annual fee for access to the software.

For subscription pricing, expect to pay anywhere from $4.99 per month for a basic starter plan to as much as $60 per month for a more advanced service plan. Other factors, like the included features and number of users, will affect the monthly cost as well.

Regardless of the pricing model you select, watch out for hidden fees, which can include charges for customization options, installation or setup services, integrations, and maintenance or support services.

If your business is on a really tight budget, you might want to consider free accounting software. Wave, for instance, offers many of the accounting and invoicing features you would find in paid programs.

When you’re choosing accounting and billing software for your business, we strongly encourage you to take advantage of any free trials to test out the solutions and see which one offers the features and tools you need. Plus, spending time with the software beforehand will help you feel more confident in your decision.

Accounting Software Features

There are many aspects of accounting software that help make it a useful tool. As a small business owner, it’s important to know which features to look for. Most online accounting software offers accounts receivable, accounts payable, banking and reporting features. Some programs include inventory management, project management, time tracking and payroll tools.

Here are some of the core features to look for in accounting software:

Bank Feed

This feature connects the software to your business bank and credit card accounts to receive a daily update of your transactions. This saves you time, as you will not have to upload transactions manually. It also gives you a daily, rather than monthly, overview of your accounts. A real-time bank-feed feature can assist with reconciliation, allowing you to make it a small daily task rather than a monthly ordeal.

Dashboard

When you log in to your account, you’ll be greeted by a dashboard that shows you an overview of your account activity and key metrics, such as cash flow, profit and loss, account balances, expenses, accounts payable and receivable, and sales. Some accounting programs allow you to customize what you see first by rearranging the information.

Online Invoicing

If your business sends invoices, the ability to email them and accept online payments helps you get paid faster. Some accounting programs integrate with third-party payment processors; others require you to use their in-house processing services. It’s a plus for accounting software to serve as an invoice generator also.

Recurring Invoices

With this feature, you can schedule the system to automatically generate and send invoices for recurring charges, such as subscriptions. You can choose how frequently invoices are sent – daily, weekly, monthly or annually – and indicate whether there’s an end date to the billing.

Automatic Payment Reminders

This feature helps you remind customers about upcoming and past-due payments. Some have sample email text that you can use as is or customize. You can then choose when you want the reminders to be sent. Some programs give you the option to send thank-you emails to customers after you receive their payments.

Bank Reconciliation

Smart reconciliation tools identify potential matches between your bank transactions and the bills and invoices you’ve entered into the accounting software, saving you the hours it would otherwise take to sift through your bank account for this information. You can then approve or deny the suggested matches. The best applications suggest potential matches as you reconcile your accounts, and a few include a reconciliation tool in their mobile apps.

Financial Reporting

Every accounting program can generate financial reports. But some are more basic than others, and some require you to subscribe to a pricier plan for advanced reporting. If you need specific types of financial reports, you’ll want to make sure they’re included in the software application and plan you choose. Detailed reports can help you interpret your financial data to make informed business decisions.

Mobile Apps

Not all accounting and invoicing programs have mobile apps, but the best ones do. There is, however, quite a range in the capabilities of mobile apps. Some can only capture receipts for expense tracking, some allow you to create and send invoices, and others have almost every feature the web-based software does. It’s worth checking if the software you’re considering offers a mobile app and, if so, what features are included in the app that will help you manage your business while you’re away from the office.

Integrations

The ability to connect your accounting software to other business programs you use saves you valuable time because you don’t have to manually transfer data from one system to another. Payroll, payment processing, point-of-sale (POS) systems and customer relationship management (CRM) software are just a few of the popular types of integrations that are available with accounting software. Integration with systems you already use also cuts down on training time for employees who will use the software.

Tracking for Billable Hours

If you’re a consultant or your business bills clients by the hour, you need software that allows you to track and bill your time or that integrates with the time-tracking program you already use. This is an important feature for freelancers.

Inventory Management

If you have a retail, e-commerce or distribution business, you need an application that helps with inventory tracking and purchase orders. You may need to subscribe to a top-tier plan to get this feature. If you need more advanced inventory features, look for software that integrates with a dedicated inventory management system.

Project-Based Billing

Firms, freelancers and consultants who work with clients on projects or jobs should look for accounting software that helps them track their projects’ tasks and budgets. The software should allow you to invoice customers for tracked time and bill them for project expenses.

Support for Multiple Businesses

Several programs we evaluated let you add more than one business to your account, though some companies charge extra for this convenience. Also, the types of accounting tools that are important to you will depend on the specific needs of your business. For example, if you run a small freelance business, project-based billing might be the most important feature on your list. Or, if you plan to do some work on your mobile device, a full-featured mobile app might be at the top of your list.

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