NFPT Live: Fitness Accounting and Bookkeeping Foundations – Ep 24

Everybody wants more money. Just like everybody wants to be fit. You know that being fit requires commitment. The same is true for finances. Education gets you started, awareness builds momentum and consistency gets you ahead financially. One way to make more money is to keep better track of your money. Tune in to the show and find out how to strengthen your relationship with the numbers that support your business.

In this episode we talked about:

• Where to start with managing money
• Keeping track of client sessions (#s and $)
• Recording income for business
• Methods for keeping track
• Keeping track of expenses for business

Some of our viewers said:

“Life is like accounting, everything must be balanced”- Unknown

My goal every month is to have less 40$ dollars at the start the next month I use my phones to keep track of what I have to do every week and day.

Buy stuff on credit so you have a record. Use one card for business expenses so it’s easy to sort. That and a separate bank account should help with keeping track.

NFPT Live Episode #24

 

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Next Week: Episode #25 – Tax Tips for Fitness Instructors

 

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Disclaimer: This financial advice is based on our own experiences. When in question always consult an accountant or financial professional.