Accounting for Prepaid Class Passes and Bundles
January is when the class packs sell. Gyms, yoga and pilates studios, dance schools, climbing walls and tutors all see a rush of people buying 10-class passes …
Category
Finance
Cash flow, pricing, unit economics and the financial basics every owner should know.
Planning Owner Pay for the New Year
Plenty of owners pay everyone else first and themselves last, with whatever is left at the end of the month. That approach is stressful, unpredictable and hard …
Break-Even Sales per Day for Shops Explained
A monthly break-even figure is useful for your accountant, but it is hard to feel at the counter on a slow Tuesday in January. Break-even sales per day turns …
Accrued Bonuses and Year-End Payroll Timing
Your team earned their bonuses this year, but the money may not reach their bank accounts until January or later. That gap between earning and paying is where …
What a Statement of Changes in Equity Shows
Your profit and loss shows how the business performed, and your balance sheet shows where it stands. The statement of changes in equity is the quiet bridge …
Separating Business and Personal Spending Cleanly
When your coffee, your software and your supplier invoices all come out of the same card, every bookkeeping session turns into detective work. Separating …
Gross Margin by Customer Segment Explained
Your overall gross margin tells you how profitable your sales are on average. But averages hide a lot. Some customers buy at full price with little fuss, while …