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How Ledge Helped Cheryl’s Fitness Franchise Gain Clarity
Cheryl, a fitness franchise owner, was struggling with managing her bookkeeping. Like many small business owners, she found herself spending too much time working on her business rather than on it. With bookkeeping being outside her area of expertise, Cheryl needed a reliable solution to keep her financials organized, categorized, and clear. That’s when she partnered with Ledge Accounting, and things began to change.
The Challenge: Lack of Time & Financial Clarity
As a franchise owner, Cheryl had to juggle many roles—managing operations, marketing, staff, and more. Bookkeeping was a critical aspect of her business, but it was also a major time drain. Cheryl admitted that bookkeeping was not her forte and was taking her away from strategic tasks that could grow her fitness business. Here were her main challenges:
- Managing monthly financials: Cheryl needed a clear and organized way to view her financial performance, especially with various expenses related to running a franchise.
- Categorizing expenses: It was crucial to break down expenses accurately, including franchise-related costs.
- Understanding financial performance: Cheryl struggled to get a clear snapshot of her financial health without spending too much time digging into spreadsheets.
“As a franchise, small business owner, we kind of get stuck working on things that don’t really grow the business. Bookkeeping is very important, but we have to wear many hats,” said Cheryl.
The Solution: Detailed Monthly Financials by Ledge Accounting
Ledge Accounting stepped in to provide Cheryl with a structured bookkeeping solution that included clear monthly financials, manual reconciliation, and accurate expense categorization. Here’s how Ledge helped:
- Monthly Financials with Revenue Breakdown:
Ledge delivered detailed monthly financial reports that broke down Cheryl’s revenue streams and expenses by category, allowing her to understand where her money was going. This included separating franchise-related costs and other operational expenses. Ledge uses software like Mindbody, ClubReady, and Mariana Tek to gather and organize transaction data, ensuring everything is captured accurately. - Clear Visual Reports:
Cheryl especially appreciated the visual graphs that Ledge provided each month. The easy-to-read charts offered a quick snapshot of financial performance, making it simpler to see month-to-month comparisons and overall progress. This saved her from having to analyze complex spreadsheets.
“I really like the visual graph you send each month. It’s an easy way to see where we are month to month and how we’re performing,” Cheryl shared. - Categorization of Franchise Expenses:
One of Cheryl's biggest pain points was categorizing expenses accurately, especially franchise-related costs. Ledge helped by breaking down expenses into specific categories and providing a percentage breakdown of spending. This not only kept Cheryl's financials in order but also aligned her spending with her financial goals. - Time Savings & Focus:
With Ledge handling the bookkeeping, Cheryl could redirect her time and focus toward growing her fitness business. She was able to work on the business—building client relationships, refining operations, and exploring growth strategies—instead of getting bogged down by day-to-day financial tasks.
“Bookkeeping is not my forte, but having your service helps me work on the business, not in it. It gives me a clear snapshot of where we are financially,” Cheryl explained.
The Results: Greater Financial Clarity & Business Growth
After partnering with Ledge Accounting, Cheryl experienced noticeable improvements in her financial management:
- Clear and Organized Financials: Cheryl gained a better understanding of her financial position, with expenses broken down into easy-to-follow categories.
- Reduced Time Spent on Bookkeeping: Cheryl saved hours each week by not having to manually manage financials, allowing her to focus on growth-related tasks.
- Informed Decision-Making: The visual reports and detailed monthly financials enabled Cheryl to make more informed decisions about her business, helping her stay aligned with her financial targets.
Why Choose Ledge for Your Fitness Studio’s Bookkeeping Needs?
Ledge Accounting specializes in helping fitness studio owners—like Cheryl—gain financial clarity through detailed monthly financials, revenue breakdowns, and manual reconciliation. By partnering with Ledge, you can achieve more accurate reporting, save time, and focus on growing your business rather than managing spreadsheets.
Ready to Simplify Your Bookkeeping and Focus on Growth?
If you’re looking to improve your financial clarity, save time, and take control of your fitness studio’s growth, Ledge Accounting is here to help. Book a free consultation today and discover how we can transform your business’s financial management.
